Business
NOUV Prepares To Issue Dividend To PURA Shareholders Today Publishing Current Financial Reports
NOUV Prepares To Issue Dividend To PURA Shareholders Today Publishing Current Financial Reports.
About this update from Nouveau Life Pharmaceuticals, Inc.
[{"type":"text","content":"\nDALLAS, July 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Nouveau (USOTC: NOUV) (“NOUV”) management today announced publishing current financial reports in preparation of issuing a stock dividend to the shareholders of Puration, Inc. (USOTC: PURA) (“PURA”).  NOUV and PURA management plan to publish an update tomorrow following up on the NOUV financials published today to advise shareholders on the latest news regarding the coming NOUV dividend stock issuance to PURA shareholders.\n PURA spun off its Texas based cannabis cultivation operation that concentrates on growing hemp to NOUV late last year.  The spinoff deal includes a dividend of NOUV stock to be issued to PURA shareholders. Similar to Village Farms in West Texas, a major tomato farming outfit the produces for H-E-B, Tom Albertsons and Walmart, NOUV is expanding its conventional Texas based nursery operation into a major hemp farming operation.  The global industrial hemp market is anticipated to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025.  PURA and NOUV are making substantial progress toward the acceleration of the NOUV stock dividend to be issued to PURA shareholders in conjunction with PURA’s cannabis cultivation operation.  Learn the latest on the upcoming dividend when PURA and NOUV management publish an online management update on Tuesday, July 9th, 2019. NOUV recently published a new website with the intention of accelerating the planned dividend of NOUV shares to PURA shareholders in conjunction with PURA's spinoff of its cannabis cultivation operations to NOUV in the fourth quarter of last year.  The new website is an alternative disclosure site that includes detailed corporate information including capital structure, financial disclosures, management information, stock quotation and more.  The new site includes a research analyst report on the current business and operations of NOUV and an independent fairness opinion on the value of the NOUV shares to be issued to PURA shareholders in conjunction with PURA's spinoff of its cannabis cultivation operation to NOUV.  The new website is designed with the intention of providing the details on NOUV's operations, structure and value that can support investment decisions.  Management considers making these basic details ...