Dallas, TX – July 28, 2016 – Puration, Inc. (PURA) today announced the independent laboratory test results of its Cannabidiol (CBD) crystal extract. The Company announced the introduction of its CBD crystal isolate extract one month ago. An Independent laboratory test has certified Puration’s CBD Isolate at 98% pure CBD.
Puration is engaged in the development of standardized and repeatable cannabis extraction processes that can deliver a consistent and high-quality concentrate for infusion into consumer food and beverage products that appeal to the recreational and wellness market segments. The Company recently announced a preliminary $3 million 12-month revenue forecast and campaign to brand the Company’s cannabis extracts as the leading concentrates infused into recognized food and beverage consumer products.
“The test results announced today are a significant milestone in the Company’s business plan to be a recognized brand name as a high-quality cannabis extract infused into food and beverage consumer products,” said Brian Shibley, Puration CEO. “The Company has recently executed its first collaboration agreement to produce an infused food and beverage consumer product anticipated to result in $1 million in revenue within the first year of product sales. The test results announced today are instrumental to the collaboration agreement. Look for a formal announcement next week introducing the products forthcoming from the collaboration agreement.”
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Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Brian Shibley, CEO