PURA New Industrial Hemp Business Sees Revenue Traction
Puration, Inc. (OTC Pink: PURA) released its 2021 annual report, highlighting a significant transition from CBD beverages to an industrial hemp business.
Sentiment and the balance of points
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Rhea-AI Summary
Puration, Inc. (OTC Pink: PURA) released its 2021 annual report, highlighting a significant transition from CBD beverages to an industrial hemp business. CEO Brian Shibley indicated that the company is poised for revenue growth in this new sector. The upcoming shareholder update on April 20, 2022, will detail the shifting revenue streams, including royalties from its former product and the new Farmersville Hemp brand. Additionally, the update will cover international partnerships and developments in hemp production, further aligning with sustainability goals.
Positive
- Transitioning into the industrial hemp sector is a strategic move to establish new revenue sources.
- Anticipated revenue traction from the Farmersville Hemp brand, signaling potential growth.
- Possible international expansion with a deal in Asia aimed at enhancing access to hemp growers.
Negative
- None.
Details
News Market Reaction – PURA
The recorded move for PURA in the trading session of this news was -9.20%.
Data tracked by StockTitan Argus. Session date unavailable.
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Dallas, Texas, April 18, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company has published its 2021 annual report.
“2021 was a transition year for PURA,” said CEO Brian Shibley. “Our 2021 revenue reflects the tail end of our transition from the CBD beverage business into our new industrial hemp business. We are now on the verge of establishing revenue traction in our new business.”
PURA is building its Farmersville Hemp Brand as a multi-industry disruptor that can improve many existing products and services and at the same time contribute notably to the 2050 sustainability objectives.
PURA has scheduled a shareholder update to be published this week on Wednesday, April 20, 2022.
The update will highlight the company’s transitioning revenue building on the royalties from its former EVERx CBD Sports Beverage sold to North American Cannabis Holdings, Inc. (OTC Pink: USMJ) and now adding Farmersville Hemp revenue.
The update will also include the latest information on the company’s developing deal in Asia to expand its access to hemp growers, as well as the company’s progress on introducing a cyrpto carbon credit strategy.
The update will further include the latest on the company’s partnerships with PAO Group, Inc. (OTC Pink: PAOG), Alkame Holdings, Inc. (OTC Pink: ALKM) 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
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