PURA with PAOG and ALKM Partners Prepares For Anticipated Benefits From Marijuana Opportunity Reinvestment and Expungement Act
December 03 2020 - 9:42AM
InvestorsHub NewsWire
Dallas, TX -- December 3, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced optimism for the positive cannabis sector
impact that can be realized through the Marijuana Opportunity Reinvestment and Expungement
Act (MORE
Act). The bill is expected to be up for a House vote
before the end of this week.
“PURA’s new
hemp lifestyle brand business direction is moving forward with
great prospects for milestone growth in 2021 and the passage of the
MORE Act into law would be a spectacular accelerator,” said PURA
CEO Brian Shibley. “U.S. Federal prohibition remains a source of
multiple hurdles for cannabis sector businesses, big and small,
participating in hemp or marijuana enterprises. Cannabis
businesses deal with banking issues, university research
resistance, investment hesitation, and interstate shipping
restrictions – to name just a few limitations curtailing the full
potential of the U.S. cannabis sector. Enacting the MORE Act into
law could unleash a juggernaut. Even just bringing the Act to
a vote draws national attention to the many peripheral issues
holding back an otherwise burgeoning industry and that attention is
a substantial step forward in the elimination of restrictions even
if it’s only one restriction at a
time.”
PURA’s new hemp lifestyle brand business
direction includes partnerships
with
Alkame Holdings Inc. (USOTC:
ALKM) and PAO Group, Inc. (USOTC:
PAOG) both of which also stand to benefit from the current MORE
Act proceedings.
As part of PURA’s overall hemp lifestyle
brand strategy, PURA has acquired a five percent stake in
ALKM as part
of a strategic partnership. ALKM already bottles PURA’s EVERx
CBD Sports Water and now PURA plans to substantially expand its co packing relationship with
ALKM.
PAOG has acquired PURA’s cannabis
cultivation operation as part of a partnership between the two
companies to build a cannabis
cultivation and extraction facility as part of PURA’s new hemp
lifestyle brand business direction.
For more
information on Puration, visit http://www.purationinc.com
Disclaimer/Safe
Harbor:
This news
release contains forward-looking statements within the meaning of
the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any disease.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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