PURA Releases Coronavirus Message - Practical Optimism and Confidence
March 18 2020 - 9:39AM
InvestorsHub NewsWire
PURA Releases Coronavirus Message –
Practical Optimism and Confidence
Dallas, TX -- March 18, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) management today released a message addressing the
company’s outlook in light of the
Coronavirus.
Since the President declared a National
Emergency, the social and economic impact of the Coronavirus has
gone from rumor and speculation to confusing reality. The
specific measures to limit the spread of the Coronavirus and to
mitigate a negative economic impact are not yet completely
clear. Laudably, local, national and global authorities are
working rapidly to implement new policy to keep people safe and
stabilize the economic turbulence. Every day we witness the
implementation of new policies to stop the spread of the
Coronavirus and to sustain the economy. We’ve come a long way
since just last Friday when the President declared a national
emergency. We expect that by the end of this week, the
measures to limit the spread off the Coronavirus and stabilize the
economy will be much more clear. By the end of the following
week, business and individuals will be on their way to adopting new
routines and practices. None of this is to say the yet to be
implemented new measures will be easy nor is it to say they will be
100% effective. We all have hardship ahead. At the
moment, the plan for managing that hardship is less than completely
clear leaving us collectively with fear, uncertainty and doubt
(FUD). That FUD is what we are seeing in the prevailing
market disruption. The developing plan will reduce FUD and
allow the market to settle down. The character of the
American people will rally around a clear plan and not just endure,
but thrive as it always has and always
will.
As for PURA, we will more specifically
address the potential impact to our operations once the bigger
picture plan is better defined. At the moment, PURA has
suffered no immediate issue in reaction to the Coronavirus
mayhem. Future sales may or may not be impacted. It’s
too early to tell. At risk of appearing too opportunistic, we
believe the potential economic challenges that may result for some
cannabis sector businesses may in turn create improved opportunity
for our recently initiated acquisition campaign. Again, it’s
all too early to tell. In the meantime, we remain optimistic
and confident in the character of the American people to rally to
the challenge that lies ahead.
PURA recently announced closing on a $5
million investment to fund the acquisition campaign. The $5 million
investment is structured as a debt facility whereby funds can be
drawn as needed to fund acquisitions. The drawn funds would
be secured by the acquired asset and the debt can be repaid in
stock at $0.10 per share. On Friday, last week, PURA acquired a CBD
Confections business. The week prior, PURA announced the
acquisition of a CBD Infused Pet Products operation. PURA
management anticipates that the prevailing market conditions
resulting from Coronavirus fallout could impact other CBD infused
beverage, edible and topical operations making the prospects of a
PURA acquisition more attractive.
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
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