Business
PURA Farmersville Hemp Brand Attracts Investment Interest
PURA Farmersville Hemp Brand Attracts Investment Interest.
About this update from Puration Inc.
[{"type":"text","content":"\n Dallas, TX, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) (“PURA”) today announced entering discussions with a substantial investor to structure financial backing that could accelerate PURA’s new Farmersville Hemp Brand initiative. PURA is building hemp processing and cultivation partners with the intention of establishing an industrial hemp brand cooperative under the Farmersville Hemp Brand name.  In the fashion that Sun-Maid Raisins collectively markets for growers all selling under one brand name, PURA plans to collectively market for multiple hemp growers and processors under the Farmersville Hemp Brand name. To rapidly establish a foothold in the industrial hemp market with the Farmersville Hemp Brand name, and to accelerate revenue growth under the Farmersville Hemp Brand name for both PURA and its hemp grower and processor partners, PURA plans to provide financing for growing and production to its Farmersville Hemp Brand partners. PURA is refining and expanding an investment initiative already demonstrated, for example, through PURA’s acquisition of a 5% equity interest in Alkame Holdings, Inc. (OTC Pink: ALKM), an innovative copacker and leader in the packaging of CBD infused food and beverage products.  PURA’s investment initiative is further demonstrated through a $1 million investment structured earlier this year in a cannabis agricultural supply chain company. The global industrial hemp market was estimated at $5 billion in 2019 and expected to grow to $36 billion by 2026. A key strategy to the Farmersville Hemp Brand collective marketing initiative will be to conduct focused, hands-on seminars for established companies with existing products that do not incorporate hemp and demonstrate to those established companies how hemp can be used to innovate their existing product lines. The company recently broke ground on its 70-acre property in Farmersville Texas.  A construction pad has been cleared for the building of multiple buildings where PURA will facilitate hands-on marketing for a wide variety of products that can be derived from hemp.  The Farmersville Hemp Brand Facility will be able to host client companies for seminars to demonstrate hemp processing and how hemp can be used as a natural, cost effective and even superior alternative to cu...