Business
PURA Aims To Modestly Extract $10 Million This Year From $18 Billion Hemp Industry Establishing A Foothold In A Much Larger Opportunity
PURA Aims To Modestly Extract $10 Million This Year From $18 Billion Hemp Industry Establishing A Foothold In A Much Larger Opportunity.
About this update from Puration Inc.
[{"type":"text","content":"\n Dallas, TX, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today published a 2022 strategic management overview of the company’s plan for an anticipated $1 million in revenue with the potential to reach $10 million in revenue this year. The overview published today will be followed up over the next several weeks with additional management presentations covering more detail on each of the major overview components highlighted in the presentation below: Driving Demand For The Multitude Of Yet To Be Recognized Uses For Hemp Industrial hemp is ironically a nascent market.  Ironic because hemp has historically been a staple of the global economy.  Hemp is believed to be the earliest plant cultivated for its textile fiber. The sails that carried the first sea going ships around the world, sparking global trade and making discovery of the new world possible, were made of canvas. The word “canvas” is derived from the Latin word “cannabis” which means “made of hemp.”  Indeed, canvas was used to make the tents, clothes, shoes, and bags that outfitted sailors and explores and became globally traded commodities in and of themselves. The perception of hemp’s value so far, as it begins to find its way back into the global economy, is primarily as a source of CBD. The overlooked value of hemp includes its use in the production of bioplastics that can safely degrade and as a more sustainable alternative for paper, textiles, building materials and even fuel. Hemp can be a source of production efficiency that improves profits while contributing to a sustainable future. PURA has taken its extensive hemp industry experience and its good fortune of being founded in Texas, to launch a hemp brand designed to transition the multifaceted potential of hemp into realized gains. With the food and agriculture industry in Texas supporting an estimated 3.7 million jobs making an economic impact of over $600 billion annually, Texas is the right place to build an industrial hemp initiative. Farmersville Hemp Education Income Leading To Branding And Partnership Income PURA has acquired 70 acres in Farmersville, Texas to build a hemp university where the company will offer tailored educational seminars in an executive retreat format to key managers working across a broad array of...