Puration, Inc. (OTC Pink: PURA) has completed a capital investment in Alkame Holdings, Inc. (OTC Pink: ALKM), increasing its stake to fund the development of new CBD infused products. PURA had initially acquired a 5% interest in ALKM and will now support the formulation and production setup at ALKM's facility. This investment is considered to yield returns through product sales without incurring long-term debt for ALKM. Puration collaborates with North American Cannabis Holdings, Inc. (OTC Pink: USMJ) for marketing these new products.
Puration, Inc. (OTC Pink: PURA) announced an increased investment in Alkame Holdings, Inc. (OTC Pink: ALKM), building on a previous 5% stake acquisition. The funds will support the development of new CBD-infused products, with ALKM handling formulation and production, while North American Cannabis Holdings, Inc. (OTC Pink: USMJ) manages marketing. The investment transaction is expected to conclude next week, signaling a strategic partnership in the CBD market.
Puration, Inc. (USOTC: PURA) outlined its strategic transition to focus solely on the Farmersville Hemp Brand, with plans for a dedicated facility in Farmersville, Texas. This initiative aims to tap into the broader cannabis market beyond traditional products. PURA has recently raised $1 million for a cannabis technology investment and holds a 5% interest in Alkame Holdings (ALKM), with further investments planned. Production of EVERx CBD Sports Water will shift entirely to North American Cannabis Holdings (USMJ) by the end of Q2 2021. A stock distribution from PAO Group (PAOG) is pending FINRA approval.
Puration, Inc. (PURA) announced a management update set for April 20, 2021, following the FY2021 Annual Report. The update aims to discuss PURA's intent to increase its stake in Alkame Holdings (ALKM) from 5%. It will also detail the construction of new facilities in Farmersville to support PURA's Hemp Branding strategy and progress in a partnership with PAOG Group, which plans a stock distribution for PURA shareholders. The partnership involves North American Cannabis Holdings (USMJ) and ALKM, with updates on their collaborative projects expected.
Puration, Inc. (USOTC: PURA) announced plans to begin construction this summer on a 70-acre property in Farmersville, Texas. This development supports the expansion of its EVERx CBD Sports Water business, which generates approximately $2 million annually. The company is also launching a new hemp lifestyle brand and forming partnerships to pilot various hemp products, including CBD-infused items with Alkame Holdings Inc. Furthermore, PURA is collaborating with PAO Group, Inc. to establish an indoor hemp cultivation operation for pharmaceutical-grade hemp.
Puration, Inc. (PURA) has announced a letter of intent to acquire a 72-acre property in Farmersville, TX, as part of its $100 million Farmersville Brands strategy. This strategic move signifies a shift from the company's existing hemp-derived CBD beverage business to a broader holistic lifestyle branding approach targeting a $20 billion niche market, within a total market valuation of at least $2 trillion. The planned acquisition aims to enhance PURA's growth and development in this competitive landscape.
Puration, Inc. (USOTC: PURA) announced a forthcoming shareholder dividend where investors will receive one share of PAO Group, Inc. (USOTC: PAOG) for each PURA share held. Analyst Goldman Small Cap Research set a 12-month price target of $0.015 for PAOG. A record date for the dividend is pending. Additionally, PURA plans a second dividend related to an imminent asset transaction. The company is also considering selling its legacy water purification assets in exchange for stock, which would be distributed to shareholders as a dividend.
Puration, Inc. (PURA) announced a management update scheduled for September 11, 2020, to inform shareholders about an upcoming dividend involving PAO Group, Inc. (PAOG), following the sale of PURA's cannabis cultivation business. Shareholders will receive one share of PAOG stock for each PURA share held. Additionally, the update will address a potential second dividend related to an imminent sale of water purification technology, expected to close by the end of September. Analysts have set a 12-month price target of $0.015 for PAOG.
Puration, Inc. (USOTC: PURA) has launched Farmersville Brands, marking a strategic shift from a CBD beverage manufacturer to a holistic lifestyle brand. This transition taps into a $20 billion niche within a $2 trillion market, supported by a planned $100 million investment. PURA has begun to acquire various CBD product businesses to enhance its offerings. The company also aims to establish a hemp-focused location in Farmersville, Texas to promote hemp education and usage. A $5 million investment commitment is part of this initiative, with more updates expected soon.
Puration, Inc. (PURA) announced plans to unveil a new brand for its CBD product expansion on September 1, 2020, targeting a market worth $500 billion. Recent revenue reached $1.6 million, with a gross profit of $471,000, and year-to-date sales grew by 48%. The company has acquired multiple CBD businesses, aiming to leverage its patented extraction technology. With a $5 million investment secured, PURA intends to develop a unified marketing strategy across diverse industries including pet products and sun care, ultimately tapping into a market opportunity exceeding $2 trillion.