PURA and PAOG Confirm Ongoing And Expanding Cannabis Partnership
March 11 2021 - 11:35AM
InvestorsHub NewsWire
Dallas, TX -- March 11, 2021 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) and PAOG Group, Inc. (USOTC:
PAOG) today confirmed the two companies continue to work
together on developing a variety of cannabis centric applications
through a partnership that initiated when PAOG acquired PURA’s
cannabis cultivation business last
year.
The PURA and PAOG partnership includes a
pending distribution of PAOG stock to PURA shareholders. PURA
shareholders are intended to receive one share of PAOG for every
PURA share they hold. The intended distribution has been
submitted for review by FINRA. Once the review process is
complete, PURA and PAOG plan to promptly proceed with the intended
distribution.
Operationally, PURA and PAOG are working
together on PURA’s
Farmersville Brands project. PURA with PAOG’s help, is
building a 70-acre facility designed to provide interactive,
demonstrable education on the potential of hemp to provide
environmentally sustainable alternatives to over $1 trillion in
existing industrial products and services currently damaging the
environment.
The 70-acre facility is the cornerstone of
PURA’s overall Farmersville Hemp Brand strategy designed to
accelerate the overall market growth of hemp derived products
beyond the industry forecasted 2027 $15 billion market
size.
PAOG is specifically partnering with PURA
in Farmersville on the construction and operation of indoor,
pharmaceutical grade, hemp growing facilities, and the construction
and operation of a cannabis extraction
lab.
PURA and PAOG are joined on the
Farmersville project by North American Cannabis Holdings, Inc.
(USOTC: USMJ) and Alkame Holdings, Inc. (USOTC:
ALKM) in PURA’s Farmersville Hemp Brand
strategy.
For more
information on Puration, visit http://www.purationinc.com
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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 Alkame will achieve significant sales, the failure
to meet schedule or performance requirements of the Company's
contracts, the Company's liquidity position, the Company's 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.
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