July 17, 2020 -- InvestorsHub NewsWire -- via SA News Editor
 
Jul. 15, 2020 1:56 PM ET| About: Puration, Inc. (PURA)|By: Khyathi Dalal, SA News Editor
 


Puration (OTCPK:PURA -4.8%) confirmed its plans of a management takeover of PAO Group (OTCPK:PAOG +22.2%) in order to revitalize its medical cannabis strategy.

PURA is now unwinding the NOUV transaction and moving forward with PAOG in a deal structured to include a dividend distribution of PAOG stock to PURA shareholders.
 
PURA and PAOG transaction is expected to be executed by July end.

PAOG also seeks to acquire NCM Biotech from Kali-Extracts (OTCPK:KALY -5.6%)

Source: https://seekingalpha.com/news/3591547-pura-in-management-takeover-deal-pao-group
 

SOURCE: SA News Editor

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