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Dallas, TX., (Uptick Newswire – July 25, 2017) – Puration, Inc. (USOTC: PURA) announced last Thursday, July 20th, the acquisition of a 25-greenhouse grow operation. The week prior, the Company announced a $1.2 million sales contract associated with the then pending acquisition. The online presentation here is intended to elaborate on the overall strategy behind the acquisition, and the potential for the revenue from the acquisition to grow to $16 million annually in the relatively near term, and well over $100 million in annual sales in the long-term.
Puration’s Overall Business Strategy And Where The Recent Acquisition Fits-In
PURA operates a U.S. Patented Cannabis Extraction Process and sells its extracts for infusion into a variety of consumer products to include beverages, foods, nutritional supplements and cosmetics. The challenge in today’s market with the infusion business model is that a Nabisco and General Mills are not yet in the market to purchase cannabis extractions that can be infused into cookies and cereal. In other words, there is not yet a market for the cannabis extractions Puration is selling.
Puration is ahead of its time, but if the Company executes well, once marijuana legalization further matures to the point Nabisco and General Mills are ready to sell cannabis infused cookies and cereal, then Puration will be established as the cannabis