Business
PURA Announces Merger and Acquisition Strategy to Bolster $4 Million Organic Rev Trgt and Compliment 1 for 5 Stock Dividend
PURA Announces Merger and Acquisition Strategy to Bolster $4 Million Organic Rev Trgt and Compliment 1 for 5 Stock Dividend.
About this update from Nouveau Life Pharmaceuticals, Inc.
[{"type":"text","content":"\nNOUV Launches New Website to Accelerate NOUV Dividend to PURA Shareholders\n KALY Partnership Enhances PURA Overall Valuation DALLAS, May 30, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (USOTC: PURA) (“PURA”) today released a management update that reviews current performance, anticipated future organic performance, insight into the company’s merger and acquisition (M&A) strategy, and the latest on the upcoming stock dividend to be issued to PURA shareholders in conjunction with the spinoff of PURA’s cannabis cultivation operation.  The narrative of the presentation is included here in this release in its entirety.  The full presentation is available on the company’s website at www.purationinc.com/managment-update. CBD Likely To Out Pace THC In Cannabis Industry And CBD Beverages Lead The Way A recent Forbes feature on how cannabis is revolutionizing the beverage industry reported that marijuana growth within the newly legalized market has exceeded demand.  Some states, the feature reports, have years of inventory. While THC is legal in some states, it cannot be transported across state lines.  However, as a result of the 2018 Farm Act, hemp farming is now legal in the U.S., and CBD from hemp is also legal.  With CBD being legal, food and beverage producers are now willing to explore opportunities to infuse hemp derived CBD into their products while still in a holding pattern on THC. The Forbes feature goes on to talk about the impact that cannabis, be it in THC or CBD form, is having on the beverage industry.  The global beverage industry is currently a $1 trillion market and beverage innovation is vital to the producers ability to maintain, let alone grow market share.  The feature uses the word “transformative” when talking about the impact cannabis will have on the $1 trillion market.  PURA now has years of experience at infusing cannabis into a beverage.  We have worked with different extracts and different infusion methods.  We have updated formulas to improve flavor and extend shelf life.  PURA’s experience is difficult to put on a balance sheet, but definitely has value.  Being over $1 million in annual sales is a major milestone and has garnered the attention of more than one substantial bever...