PURA Targets $18 Billion Global Market With Farmersville Hemp Brand

Rhea-AI Summary

Puration, Inc. (PURA) announced its Farmersville Hemp brand aims for a robust presence in the global hemp market, projected to reach $18 billion by 2026. The company is establishing a co-op of hemp growers to enhance market recognition and maximize the benefits for all participants. PURA anticipates generating $1 million in revenue for 2022, potentially increasing to $10 million as co-op progress improves revenue outlook. A strategic overview detailing growth plans was published earlier this year, with progress updates scheduled for February 22.

Positive

• PURA targets a global hemp market expected to reach $18 billion by 2026.
• The establishment of a co-op aims to enhance brand recognition and market opportunities.
• Revenue expectations for 2022 could grow from $1 million to $10 million based on co-op progress.

Negative

• None.

DALLAS, Feb. 16, 2022 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today emphasized that the company's new Farmersville Hemp brand is a global brand. PURA management pointed out that the U.S. today is only a small fraction of the global hemp market currently dominated by the Asia Pacific region.

Last year, PURA 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.

Today, PURA management points out that its co-op participants reach substantially includes global targets.

The industrial hemp industry, to include the portion of CBD exclusively from hemp, is anticipated to grow to $18 billion by 2026.

PURA management thinks this is a substantial underestimate because the industry has yet to recognize the multitude of ways hemp can be utilized.

The Sustainability Market is expected to expand from $9 billion reported in 2021 to over $41 billion by 2028.

PURA management believes the impact hemp can have on sustainability is not fully baked into the industrial hemp forecasts.

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 outlook is improving based on the recent progress of PURA's co-op partners.

PURA published a 2022 strategic overview at the onset of this year 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."

Next week, On Tuesday, February 22^nd, PURA management will publish its first progress update report on the execution of its strategic plan specifically focusing on the progress of the co-op partners that is improving PURA's 2022 revenue outlook.

PURA co-op partners include Alkame Holdings, Inc. (USOTC: ALKM), PAO Group, Inc. (USOTC: PAOG), North American Cannabis Holdings, Inc. (USOTC: 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

View original content:https://www.prnewswire.com/news-releases/pura-targets-18-billion-global-market-with-farmersville-hemp-brand-301483956.html

SOURCE Puration, Inc.

FAQ

What is Puration's goal with the Farmersville Hemp brand?

Puration aims to establish its Farmersville Hemp brand as a significant player in the global hemp market, which is projected to reach $18 billion by 2026.

What revenue does Puration expect for 2022?

Puration expects to generate $1 million in revenue for 2022, with potential growth up to $10 million based on the progress of its co-op partners.

When will Puration release its progress update?

Puration will publish its first progress update on February 22, focusing on the advancements of its co-op partners and revenue outlook.

What is the significance of the co-op for Puration?

The co-op is designed to raise market awareness and create shared benefits for hemp growers and processors under the Farmersville Hemp brand.