PURA Plan To Bolster Industrial Hemp Strategy Gains Traction

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) announced ongoing strategic discussions to enhance its industrial hemp development strategy, building the Farmersville Hemp Brand. The company plans to generate revenue through consulting, sales of hemp products, and investments in hemp solutions. A 70-acre property in Texas is identified for potential sale and leaseback, allowing continued execution of the Farmersville Hemp Brand strategy. PURA expects to announce further details regarding this plan within the coming week.

Positive

• Ongoing strategic discussions to enhance industrial hemp strategy.
• Revenue generation plans through consulting, product sales, and investments.
• Utilization of 70-acre property for sustainability amid market conditions.

Negative

• Potential risk in selling and leasing back the 70-acre property.

Dallas, Texas, June 08, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the strategic discussions announced on May 26^th to bolster the company’s industrial hemp development strategy are ongoing and gaining traction. 

PURA is building its Farmersville Hemp Brand to advance and profit from the potential of industrial hemp. PURA has a multifold strategy that includes generating revenue from consulting on the implementation of hemp strategies into conventional product and service offerings, the sale of hemp products and services under the Farmersville Hemp Co-Op, and through investing in industrial hemp solutions.

PURA has identified its 70-acre property in Texas as a resource that can be leveraged to provide the company with improved potential to sustain itself through the prevailing market conditions. PURA has entered into discussion to sell the property and lease it back.  The company intends to continue in the execution of its Farmersville Hemp Brand strategy on the same property.

PURA anticipates making a definitive announcement as early as next week on the specifics of the plan to leverage the company’s 70-acre property.

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 Puration Inc.'s recent strategic announcement on June 8, 2022?

Puration announced ongoing discussions to enhance its industrial hemp strategy and develop the Farmersville Hemp Brand.

How does Puration plan to generate revenue from its industrial hemp strategy?

Puration intends to generate revenue through consulting services, sales of hemp products, and investments in hemp solutions.

What is the significance of the 70-acre property for Puration Inc.?

The property is critical for sustainability and is under discussion for potential sale and leaseback to support the Farmersville Hemp Brand.

When can we expect more details from Puration regarding their property strategy?

Puration anticipates making a definitive announcement about their property strategy as early as next week.