PURA Reveals Crypto Carbon Credit Vision For Hemp Growers Targeting $10 Billion Market Opportunity

Rhea-AI Summary

Puration, Inc. (OTC Pink: PURA) aims to connect carbon sequestering benefits of hemp cultivation with income opportunities for growers through cryptocurrency. An acre of hemp can sequester approximately 11,000 pounds (5 metric tons) of CO2. The company is working on establishing a CO2 measurement standard for hemp cultivation and has created a cryptocurrency backed by carbon credits. PURA's strategy targets disrupting global markets, focusing on sustainability and developing hemp-based alternatives. A facility is under construction in Farmersville, Texas for educational initiatives on hemp's efficiency.

Positive

• Hemp sequesters about 11,000 pounds of CO2 per acre, presenting a major environmental benefit.
• Creation of a cryptocurrency backed by carbon credits could provide new revenue streams for hemp growers.
• Implementation of a CO2 measurement standard can potentially enhance credibility and marketability of hemp.
• PURA's strategy aims to disrupt multiple global markets, focusing on sustainability and hemp alternatives.

Negative

• None.

Dallas, Texas, March 23, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today revealed its vision for connecting the carbon sequestering benefit of hemp cultivation to income opportunities for hemp growers monetized through cryptocurrency.

“Hemp is a carbon sequestering heavyweight, one of the most carbon-gobbling crops in agriculture. On average, an acre of hemp sequesters about 11,000 pounds, or 5 metric tons of CO2 throughout photosynthesis during its growth cycle, according to New Frontier Data.” (Let’s Talk Hemp)

Work is already under way to create a recognized CO2 measurement standard for hemp cultivation – learn more.

At least one cryptocurrency backed by carbon credits has also already been created.

PURA believes connecting a CO2 standardized measurement for the carbon sequestered by hemp with a cryptocurrency that represents the carbon credit value of the sequestered carbon can create meaningful income for hemp growers that adds to the income generated from selling hemp fiber and extracts.

“It was not long ago that Tesla added carbon credit sales to its auto sales to generate its first profit,” commented Brian Shibley, CEO of PURA. “Certainly, hemp farmers should be eligible to take advantage of this same opportunity.”

PURA has implemented a strategy to disrupt major global markets with the introduction of hemp-based alternatives that contribute to carbon neutral objectives.

Under its new Farmersville Hemp Brand, PURA is working to introduce hemp as a multi-industry disruptor that can be a base of a better product or service contributing notably to the 2050 sustainability objectives. PURA recently announced a strategy targeted at disrupting the $600 billion global lumber market and the $200 billion steel rebar market.

PURA has initiated construction on a facility in Farmersville, Texas where the company will conduct consultative education customized for each corporate customer to hands on demonstrate how hemp can be utilized to improve the efficiency of existing products and services and meet 2050 sustainability targets.

Read the company’s latest comprehensive update on PURA’s Farmersville Hemp Brand rollout.

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 recent announcement by PURA regarding hemp and cryptocurrency?

PURA announced its vision to connect hemp's carbon sequestering benefits with income opportunities for growers through cryptocurrency.

How much CO2 does an acre of hemp sequester?

An acre of hemp can sequester about 11,000 pounds (5 metric tons) of CO2.

What is the significance of a CO2 measurement standard for hemp cultivation?

Establishing a CO2 measurement standard can enhance the credibility and marketability of hemp, potentially increasing income opportunities for growers.

Where is PURA constructing its new facility?

PURA is constructing a facility in Farmersville, Texas.

How does PURA plan to disrupt global markets?

PURA aims to introduce hemp-based alternatives that contribute to sustainability objectives, thereby disrupting multiple global markets.