PURA Announces New Development Expanding Cannabis Market Opportunity
11 Agosto 2022 - 8:34AM
InvestorsHub NewsWire
Dallas, TX -- August 11, 2022 -- InvestorsHub NewsWire
-- Puration, Inc. (USOTC:
PURA) today announced a new development that creates new
opportunity for the company and could alter the course of the
company in a new direction.
The company confirms, as previously announced, an agreement
still in the works anticipated to result in a cash infusion within
the next 90 days. Management indicates the agreement is
progressing on track and anticipated to be completed on or ahead of
schedule.
The new development announced today is a provisional cannabis
cultivation license in the State of New York announced yesterday by
PURA’s sister company, North American Cannabis Holdings, Inc.
(USOTC:
USMJ).
In February of this year, New York passed a new law to provide
provisional marijuana cultivation licenses to existing hemp
businesses.
USMJ has a subsidiary that has been growing hemp for CBD for the
past four years. USMJ announced in March of this year, that its
subsidiary had received an invitation from the New York Office of
Cannabis Management (OCM) to apply for the provisional adult-use
cannabis license. Yesterday, USMJ announced that the license
has been awarded.
In light of the license, USMJ and PURA are reviewing current
business plans and exploring an update to the existing strategy of
both companies.
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)
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