Business
PURA Targets $18 Billion Global Market With Farmersville Hemp Brand
PURA Targets $18 Billion Global Market With Farmersville Hemp Brand.
About this update from Puration Inc.
[{"type":"text","content":"\n\n\n\nPURA Targets $18 Billion Global Market With Farmersville Hemp Brand\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPURA Targets $18 Billion Global Market With Farmersville Hemp Brand\nPR Newswire\nDALLAS, Feb. 16, 2022\n\n\n\nDALLAS, Feb. 16, 2022 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today emphasized that the company's new Farmersville Hemp brand is a global brand. PURA management pointed out that the U.S. today is only a small fraction of the global hemp market currently dominated by the Asia Pacific region.\nLast year, PURA launched an initiative to expand the utilization of hemp worldwide under the brand name Farmersville Hemp. \nPURA is building a co-op of hemp growers and processors to raise market awareness around the multitude of yet to be realized uses of hemp and build a brand name to benefit all co-op participants under the name Farmersville Hemp.\nToday, PURA management points out that its co-op participants reach substantially includes global targets.\nThe industrial hemp industry, to include the portion of CBD exclusively from hemp, is anticipated to grow to $18 billion by 2026.\nPURA management thinks this is a substantial underestimate because the industry has yet to recognize the multitude of ways hemp can be utilized.\nThe Sustainability Market is expected to expand from $9 billion reported in 2021 to over $41 billion by 2028.\nPURA management believes the impact hemp can have on sustainability is not fully baked into the industrial hemp forecasts.\nPURA anticipates generating $1 million in revenue in 2022 with the potential to reach $10 million in revenue this year.  The $10 million revenue opportunity outlook is improving based on the recent progress of PURA's co-op partners.\nPURA published a 2022 strategic overview at the onset of this year 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.\"\nNext week, On Tuesday, February 22nd, PURA management will publish its first progress update report on the e...