PURA Targets 3 Revenue Sources In 2022 Under New Farmersville Hemp Brand

Rhea-AI Summary

Puration, Inc. (PURA) has announced plans to establish its Farmersville Hemp Brand, aiming to generate revenue from education, branding, and partnerships. Despite previous Covid-related delays, the company is confident in its strategic development of its Farmersville facility, which will serve as an educational hub for integrating industrial hemp into existing operations. Partnerships with UC Asset LP (UCASU) and investments in Alkame Holdings, Inc. and a cannabis supply company highlight PURA's growth strategy. The company anticipates initiating revenue generation and growth in 2022.

Positive

• PURA plans to generate income from three key sources: education, branding, and partnerships.
• Partnership with UC Asset LP for real estate financing aligns with the Farmersville Hemp Brand strategy.
• PURA has invested in strategic partnerships, including a 5% stake in Alkame Holdings and $1 million in cannabis growing supplies, which may lead to substantial returns.

Negative

• The construction of the Farmersville facility will not be completed in Q1 2022, possibly delaying full operational capacity.
• Covid-related delays have hindered the transition to the Farmersville Hemp Brand.

DALLAS, Nov. 18, 2021 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today released a CEO update from Brian Shibley in conjunction with the recently published Q3 financial report.  The update is included in its entirety below.

Dear Shareholders –

We have just entered the fourth quarter of 2021 which we expect to be a pivotal period catapulting the company's new Farmersville Hemp Brand into 2022 to begin generating and rapidly growing revenue.

Yes, Covid hindered our transition, but it didn't stop it and we are confident the Covid hurdles are now behind us.

Central to our Farmersville Hemp Brand strategy is the Farmersville property we acquired and are now developing. 

We acquired the property from UC Asset LP (OTCQX: UCASU) one year ago and inspired by our plan, UCASU has now joined PURA as a partner to provide real estate financing to PURA's Farmersville Hemp Brand partners in addition to financing the construction of PURA's Farmersville facility.

The Farmersville facility will operate as a university where we intend to provide education on the potential of industrial hemp to enhance and improve existing operations of a myriad of existing companies.

But I'm getting a little ahead of myself, let me back up and start with an overview of our business plan getting ready to go into action in Q1 2022 after much transition work and one or two Covid hurdles.

PURA plans to generate income from three sources: Education, Branding and Partnerships.

Education

PURA, under the Farmersville Hemp Brand, will target prospective client companies that could use industrial hemp to improve existing operations and products.  PURA will provide a multi-day fee-based service on sight at their Farmersville facility to conduct general and custom education and consulting services to guide clients toward the integration of hemp into their operations and products.

PURA expects the existing market wide sustainability trend to provide a tailwind to this education and consulting service.  The Green Technology and Sustainability Market is expected to expand from $9 billion reported in 2021 to over $41 billion by 2028.  The World Economic Forum publish a report at Davos identifying $12 trillion in economic opportunities from implementing the UN Sustainable Development Goals.

While the facility construction will not be complete in Q1 of 2022, PURA will initially conduct training at an alternative site.

Branding

PURA's ultimate goal is to build a co-op of hemp growers and processors under the Farmersville Hemp Brand that can provide industrial hemp products and services to existing corporations that can enhance and improve their own operations and products with the adoption and integration of hemp.

Farmersville Hemp, similar to the way that Sun-Maid Raisins collectively markets for growers all selling under one brand name, intends to generate revenue by selling for hemp growers and processors under the Farmersville Hemp Brand.

Partnerships

PURA expects to generate revenue through select strategic partnerships, some of which are already established and disclosed on PURA's financial statement.

PURA has acquired a 5% interest in Alkame Holdings, Inc. (ALKM) an innovative copacker that has developed a standout expertise in the packaging of hemp extract infused consumable products.  PURA expects the partnership with Alkame to be strategic to the development of the Farmersville Brand as Alkame provides key services to Farmersville Brand co-op participants.

PURA has also made a $1 million strategic investment through a limited partnership in a company providing cannabis growing supplies.  Again, PURA expects the partnership to be strategic to the development of the Farmersville Brand.

In both instances, PURA expects the partnerships not only to be strategic to the development of the Farmersville Brand, but also to present opportunities for PURA's investment in the partnerships to be monetized with potentially substantial ROIs.

Summary

Now, with the overview of PURA's three anticipate revenue sources, I believe the Farmersville property and facility as a cornerstone make more sense.

The transaction has admittedly taken longer than anticipated, but we are now there.  Q4 is a pivotal period, and 2022 will see the start of revenue and rapid growth under the new Farmersville Hemp Brand business model.

Q4 will be a busy time, stay tuned for updates.

Brian Shibley
CEO

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-3-revenue-sources-in-2022-under-new-farmersville-hemp-brand-301428044.html

SOURCE Puration, Inc.

FAQ

What are Puration's revenue sources for 2022 under the Farmersville Hemp Brand?

Puration intends to generate income from education, branding, and partnerships.

What challenges has Puration faced during the development of the Farmersville Hemp Brand?

Puration experienced delays due to Covid-19, impacting the transition and construction timelines.

How is Puration partnering with UC Asset LP?

Puration has partnered with UC Asset LP to provide real estate financing for its Farmersville Hemp Brand.

What strategic investments has Puration made recently?

Puration invested in Alkame Holdings and made a $1 million investment in a company for cannabis growing supplies.

When does Puration expect to start generating revenue from the Farmersville Hemp Brand?

Puration aims to begin generating revenue in 2022, following the completion of key developments.