Dallas, Tx - December 16, 2015 – Puration, Inc. (PURA) today announced an opportunity under development to secure a large scale, commercial hemp farming operation in China is moving forward one promising step at a time.
Earlier this year, at the end of July, Puration acquired the cannabis health and wellness operations formerly owned by North American Cannabis Holdings, Inc. (USMJ) in a transaction that will include an issuance of Puration common stock to shareholders of North American Cannabis Holdings. The assets acquired from North American Cannabis Holdings included a project underway to acquire a large, USDA certified organic hemp farming operation. The acquisition opportunity has progressed through a number of mutual due diligence steps to include test marketing in the US. Among other market tests, the hemp supplements included in North American Cannabis Holdings’ introduction of the AmeriCanna Cafe smoothies came from the subject hemp farm in China.
In a promising next step toward a more strategic transaction between Puration and the Chinese commercial hemp farm, Puration will be supplying Chinese hemp as the key ingredient to a new North American Cannabis Holding’s AmeriCanna Cafe product line. The new product line is anticipated to be announced by North American Cannabis Holdings next week.
Puration intends to become a leader in cannabinoid extractions and the development of extracted cannabinoids into consumer health and wellness products. The Company anticipates releasing more information soon on specific recent developments to open an extraction lab and infusion facility in Colorado. The Company is also working to secure a large scale, commercial hemp farming operation in China. If the Company succeeds in China, Puration will be positioned to potentially be one of the largest hemp extract producers globally.
Learn more about Puration, Inc. and keep up to date on the rapid changes anticipated starting now and throughout 2016 on the Company’s website: http://www.purationinc.com/
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.