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PURA Highlights Blackrock Climate Change Unicorn Outlook In Light Of Farmersville Hemp Brand
PURA Highlights Blackrock Climate Change Unicorn Outlook In Light Of Farmersville Hemp Brand.
About this update from Puration Inc.
[{"type":"text","content":"\n Dallas, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) -- Puration, Inc. (OTC Pink: PURA) today highlighted Blackrock, Inc. CEO Larry Fink’s recent comments on companies with innovative offerings that can impact climate change. PURA management considers Mr. Fink’s comments as further validation of PURA’s industrial hemp strategy to introduce hemp based sustainable innovations. From Blackrock CEO: The Energy Transition Will Create 1,000 Unicorns \"It is my belief that the next 1,000 unicorns--companies that have a market valuation over a billion dollars--won't be a search engine, won't be a media company, they'll be businesses developing green hydrogen, green agriculture, green steel and green cement,\" Fink said on Monday at the Middle East Green Initiative Summit in Riyadh, Saudi Arabia. The article went on to explain the term “unicorn:” Back in 2013, when venture investor Aileen Lee, founder of Cowboy Ventures, coined the term \"unicorn\" to describe VC-funded companies valued at $1 billion or more, just 14 still-private companies less than a decade old qualified for the title. Crunchbase now counts 952 globally, with just over 300 in the United States alone, with the U.S. cohort valued at nearly a trillion dollars. As you might suspect, the software, cloud, and media space are well represented, with recent entrants Airbnb Inc., Snowflake Inc., DoorDash Inc., Zoom Inc., CrowdStrike Inc. and Moderna Inc. debuting to massive valuations PURA recently published its industrial hemp 2022 strategic overview, detailing the company’s plan to grow revenue and increase shareholder value by driving market wide demand for the multitude of yet to be realized uses of hemp. Brian Shibley, CEO of PURA made the following statement: “I believe PURA’s Farmersville Hemp co-op has the potential to be a unicorn for the industrial hemp sector.  I see a unicorn valuation coming from one of our pilot hemp projects demonstrating a scalable financial model that warrants a billion-dollar valuation, or coming from the adoption of a hemp related technology that warrants a billion-dollar valuation.  Perhaps both.” The industrial hemp industry, to include the portion of CBD exclusively from hemp, is anticipated to grow to $18 billion by 2...