PURA Announces Hemp Growers Cryptocurrency Carbon Credit Plan
27 Abril 2022 - 11:13AM
InvestorsHub NewsWire
Dallas, TX -- April 27, 2022 -- InvestorsHub NewsWire --
Puration, Inc. (OTC
Pink: PURA) today released more details behind the company’s
cryptocurrency initiative to connect hemp growers with the income
potential from the carbon sequestering benefit of hemp
cultivation.
PURA recently published an update following the release of the
company’s 2021 annual report. The update centered on the company’s
overall 2021 transition from a CBD beverage operation into a much
more broadly focused industrial hemp company. The industrial hemp
market is an exponentially larger opportunity than our previous CBD
beverage focus. The company is releasing a series of additional
updates focused on specifics of the growing industrial hemp
business.
PURA believes connecting a CO2 standardized measurement for the
carbon sequestered by hemp with a cryptocurrency that represents
the carbon credit value of the sequestered carbon can create
meaningful income for hemp growers that adds to the income
generated from selling hemp fiber and extracts.
“Hemp is a carbon sequestering heavyweight, one of the most
carbon-gobbling crops in agriculture. On average, an acre of hemp
sequesters about 11,000 pounds, or 5 metric tons of CO2 throughout
photosynthesis during its growth cycle, according
to New Frontier Data.” (Let’s
Talk Hemp)
Work is already under way to create a recognized CO2 measurement
standard for hemp cultivation – learn
more.
At least one cryptocurrency backed by carbon
credits has also already been created.
“It was not long ago that Tesla [TSLA] added carbon credit sales
to its auto sales to generate its first profit,” commented Brian
Shibley, CEO of PURA. “Certainly, hemp farmers should be eligible
to take advantage of this same opportunity.”
In an effort to provide immediate help to hemp farmers, PURA has
engaged with a third party to structure a cryptocurrency that will
first link with the hemp crop income potential while working to
certify the carbon credit opportunity. The hemp crop potential will
help farmers with the up-front cultivation expenses. Both the
cryptocurrency owner and the hemp farmer will maintain carbon
credit upside potential.
The initial structure of the hemp farming carbon credit
cryptocurrency ecosystem is expected to be completed within the
next two weeks. PURA will publish the initial ecosystem structure
and look for feedback.
For more information on Puration, visit http://www.purationinc.com
Disclaimer:
This News Release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
Puration (CE) (USOTC:PURA)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Puration (CE) (USOTC:PURA)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024