Business
PURA Forecasts $1 Million 2022 Revenue From New Farmersville Hemp Brand
PURA Forecasts $1 Million 2022 Revenue From New Farmersville Hemp Brand.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n Dallas, TX, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today announced the company is initially forecasting $1 million in revenue for 2022.  Management believes the forecast is conservative and anticipates potentially revisiting the revenue forecast more than once next year. CEO Brian Shibley last week published an update outlining three target sources of revenue.  The letter has been republished below in its entirety: Dear Shareholders – We have just entered the fourth quarter of 2021 which we expect to be a pivotal period catapulting the company’s new Farmersville Hemp Brand into 2022 to begin generating and rapidly growing revenue. Yes, Covid hindered our transition, but it didn’t stop it and we are confident the Covid hurdles are now behind us. Central to our Farmersville Hemp Brand strategy is the Farmersville property we acquired and are now developing.  We acquired the property from UC Asset LP (OTCQX: UCASU) one year ago and inspired by our plan, UCASU has now joined PURA as a partner to provide real estate financing to PURA’s Farmersville Hemp Brand partners in addition to financing the construction of PURA’s Farmersville facility. The Farmersville facility will operate as a university where we intend to provide education on the potential of industrial hemp to enhance and improve existing operations of a myriad of existing companies. But I’m getting a little ahead of myself, let me back up and start with an overview of our business plan getting ready to go into action in Q1 2022 after much transition work and one or two Covid hurdles. PURA plans to generate income from three sources: Education, Branding and Partnerships. Education PURA, under the Farmersville Hemp Brand, will target prospective client companies that could use industrial hemp to improve existing operations and products.  PURA will provide a multi-day fee-based service on sight at their Farmersville facility to conduct general and custom education and consulting services to guide clients toward the integration of hemp into their operations and products. PURA expects the existing market wide sustainability trend to provide a tailwind to this education and consulting service.  The Green Technology and Sustainability Market is expected to expand from $9 billion reported in...