PURA Contends Farmersville Hemp Brand Has Unicorn Potential In Industrial Hemp Sector
Puration, Inc. (PURA) has released its 2022 strategic overview, aiming to boost revenue and enhance shareholder value by expanding market demand for industrial hemp applications.
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Rhea-AI Summary
Puration, Inc. (PURA) has released its 2022 strategic overview, aiming to boost revenue and enhance shareholder value by expanding market demand for industrial hemp applications. CEO Brian Shibley envisions PURA's Farmersville Hemp co-op as a potential 'unicorn' for the sector, likening it to Tesla in the EV market. The industrial hemp industry is predicted to grow to $18 billion by 2026, with PURA projecting $1 million in revenue for 2022, potentially rising to $10 million. Management argues that current forecasts underestimate hemp's sustainability impact.
Positive
- Projected revenue of $1 million in 2022 with potential to reach $10 million.
- Strategic plan aims to capitalize on the growing market demand for hemp, potentially positioning PURA as a sector leader.
Negative
- None.
Details
News Market Reaction – PURA
The recorded move for PURA in the trading session of this news was -2.74%.
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Dallas, TX, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) recently published its industrial hemp 2022 strategic overview 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.
“An article was published today in an online periodical called Hemp Today that pointed out the lack of a unicorn example in the industrial hemp sector,” said Brian Shibley, CEO of PURA. “The article explained the importance of any industry having an example that investors can look to for modeling other investments within a given sector. For example, Tesla provides an electric vehicle industry unicorn and Airbnb is a shared economy tourism industry unicorn. Both drive investment opportunity for a myriad of other EV and tourism industry enterprises. I believe PURA’s Farmersville Hemp co-op has the potential to be a unicorn for the industrial hemp sector. I see a unicorn valuation coming from one of our pilot hemp projects demonstrating a scalable financial model that warrants a billion-dollar valuation or coming from the adoption of a hemp related technology that warrants a billion-dollar valuation. Perhaps both.”
The industrial hemp industry, to include the portion of CBD exclusively from hemp, is anticipated to grow to
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
PURA management believes the impact hemp can have on sustainability is not fully baked into the industrial hemp forecasts.
PURA anticipates generating
See the company’s 2022 Industrial Hemp Strategic Plan to learn more.
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
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