PURA Industrial Hemp Business Positioned To Benefit From Hemp Advancement Act of 2022

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) has pivoted its hemp strategy to capitalize on new opportunities in 2022 with its initiative, Farmersville Hemp. This initiative involves creating a co-op of hemp growers and processors to boost market awareness of hemp's diverse applications. The company forecasts $1 million in revenue for 2022, with a potential increase to $10 million, supported by the upcoming Hemp Advancement Act and the USDA National Hemp Report, which are expected to bolster its strategic plans.

Positive

• Launch of Farmersville Hemp initiative to expand hemp market utilization.
• Forecasted revenue of $1 million to potentially $10 million in 2022.
• Formation of a co-op with multiple partners to increase market presence.

Negative

• None.

Dallas, Texas, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) retooled its experience with hemp last year to take on a much larger opportunity in 2022. PURA has launched an initiative to expand the utilization of hemp worldwide under the brand name Farmersville Hemp. PURA is building a co-op of hemp growers and processors to raise market awareness around the multitude of yet to be realized uses of hemp and build a brand name to benefit all co-op participants under the name Farmersville Hemp.

PURA management believes the Hemp Advancement Act of 2022, introduced last week, could substantially contribute to PURA’s Farmersville Hemp Strategy.

The Act is intended to advance the industrial hemp momentum initiated under the 2018 Farm Bill.

PURA management is also eager to see the upcoming USDA National Hemp Report anticipated later this week on February 17^th. PURA expects the report to have important information to be utilized in the ongoing development of PURA’s Farmersville Hemp strategy.

PURA recently published a 2022 strategic overview detailing the company’s plan to grow revenue and increase shareholder value by driving market wide demand for the “multitude of yet to be realized uses of hemp.”

PURA anticipates generating $1 million in revenue in 2022 with the potential to reach $10 million in revenue this year.  The $10 million revenue opportunity is enhanced by the progress of PURA’s co-op partners.

PURA co-op partners include Alkame Holdings, Inc. (OTC Pink: ALKM), PAO Group, Inc. (OTC Pink: PAOG), North American Cannabis Holdings, Inc. (OTC Pink: USMJ), and UC Asset LP (OTCQX: UCASU).

For more information on Puration, visit http://www.purationinc.com

Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.

For More Information Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350

FAQ

What is the new initiative announced by Puration, Inc. (PURA) on February 14, 2022?

Puration, Inc. announced the launch of Farmersville Hemp, a co-op initiative aimed at expanding the utilization of hemp worldwide.

How much revenue does Puration, Inc. expect to generate in 2022?

Puration, Inc. anticipates generating $1 million in revenue for 2022, with potential growth up to $10 million.

What is the significance of the Hemp Advancement Act of 2022 for PURA?

The Hemp Advancement Act of 2022 could significantly contribute to PURA's Farmersville Hemp strategy by enhancing market opportunities for hemp.

When is the USDA National Hemp Report expected to be released?

The USDA National Hemp Report is anticipated to be released on February 17, 2022.