Puration Cannabis Cultivation Business Takes Roots In US And Canada
Dallas, TX – April 17, 2018 – Puration, Inc. (USOTC: PURA) today released an update on the company’s cannabis cultivation business. The company acquired First Choice Nursery last year to establish a 25-greenhouse operation in the first step of a plan to grow the operation to 400 greenhouses. First Choice Nursery began booking its first sales in the first quarter of this year. Recently the company has been developing an acquisition opportunity in Canada to enter the market for recreational marijuana expected to be legalized this summer. Management anticipates closing the Canadian acquisition before the end of April. The presentation released by management today includes details on the company’s progress with both First Choice Nursery and the acquisition in Canada. The presentation narrative is included in its entirety below.
A Brief History Of Puration And Highlights On Its Recent Grow Operation Evolution
Puration entered the cannabis sector in 2015 with a patented extraction process and plans to produce the best cannabis extract for infusion into beverages and edibles. Puration quickly found the market was not yet clamoring for extract. Major brand names like Nabisco and Kellogg’s still aren’t ready for a cannabis infused version of their products and the start-up beverage and edible companies have limited demand. So, management made the decision to apply its patented extraction process to its own cannabis infused consumer products. Early in 2017, Puration introduced EVERx, a CBD infused sports nutrition supplement line. Namely, the first product was the EVERx CBD Infused Sports Water. Later this week on Thursday, April 19th, the company will release a more detailed update on its progress with EVERx and details on new cannabis infused consumer products coming soon.
A major component of having the best cannabis extract is having the best cannabis plants from which to extract cannabinoids. Cannabis cultivation is a natural extension of Puration’s long-term development. Being headquartered in Texas, it made sense to take advantage of new medical marijuana laws in Texas. Accordingly, Puration acquired an older conventional nursery operation, First Choice Nursery, and immediately began renovations. Puration is now utilizing the 25-greenhouse facility conventionally and anticipates growing to $1 million in annual sales from conventional nursery operations. First Choice Nursery started booking its first sales since the Puration acquisition in the first quarter of this year. Puration has an option on acquiring another 400 greenhouse pads. Puration is working to secure a medical marijuana cultivation license in Texas with future plans to migrate the conventional nursery operation into a cannabis cultivation operation.
Canadian Cannabis Cultivation Expansion
The Canadian Government has announced plans to legalize recreation marijuana nationally in the summer of 2018. Puration originally partnered with its sister company, North American Cannabis Holdings, Inc. (USOTC: USMJ) to look for and acquire an operation in Canada that would accelerate market entry into Canada for both companies. North American Cannabis Holdings has recently engaged in discussions with a party interested in potentially acquiring control of North American Cannabis Holdings. In conjunction with North American Cannabis Holdings current discussions, Puration is advancing the opportunity in Canada on its own.
Puration management characterizes the ongoing development of the opportunity to acquire an operation in Canada as “advanced” and “nearing completion.” The acquisition would bring exceptional cultivation talent and experience to Puration and put Puration in a good position to potentially secure a license to cultivate cannabis in Canada for the legal recreational marijuana market. Puration has identified a substantial and underserved sector within the recreational marijuana market both in Canada and within the states in the United States that have legalized recreational marijuana use. The company has secured conditional investment to back its plan to capitalize on this substantial and underserved sector. The first step in meeting investment conditions is to finalize the acquisition in Canada. Puration management anticipates finalizing the Canadian acquisition before the end of April. Stay tuned.
The Cannabis Infused Beverage Presentation Thursday April 19th
On Thursday, April 19th, later this week, the company will present an update on the company’s ongoing cannabis infused beverage sales led today with its EVERx CBD Infused Sports Drink. The company has recently signed new distribution contracts, details of which will be included in the presentation on Thursday, in addition to details on the company plans to soon announce a new cannabis infused beverage line for the legal recreational marijuana markets.
For more information on EVERx, visit http://www.drinkeverx.com.
For more information on Puration, visit http://www.aciconglomerated.com.
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
North American Cannabis Holdings and Puration Announce Canadian Plan To Become McDonald’s of Dispensaries and Sun Maid Raisins of Growers
Dallas, Texas – December 19, 2017 – North American Cannabis Holdings, Inc. (USOTC: USMJ) with Puration, Inc. (USOTC:PURA) today released an online presentation providing an update on the two companies coordinated efforts to be prepared for operations in Canada in conjunction with Canada’s upcoming nationwide recreational marijuana legalization. North American Cannabis Holdings is in ongoing acquisition negotiations that include a role where Puration would provide its extraction expertise. Puration has separately announced introducing Cannabis infused beverages in Canada. The presentation is available online at aciconglomerated.com and the presentation narrative is available in its entirety below:
Canadian Nationwide Legalization Provides Platform For Cannabis Brand Strategy
Shaken, not stirred. Everybody knows that’s how James Bond takes his Martini’s and who’s cooler than James Bond? In spite of all health warnings, countless Hollywood productions still make cigarette smoking sexy. Alcohol and Tobacco have a brand identity independent of any specific corporate logo that drives the entire industry forward. In spite of all the statistical health risks associated with both, western culture has a certain romantic attraction to cigarette smoking alcoholics. In summary, while balanced by health risk awareness, alcohol and tobacco enjoy a positive brand image that is well embedded into western culture.
Marijuana smoking has Cheech and Chong, Pineapple Express, and Jeff Sessions. Clearly, with revenues that arguably exceeds NFL ticket sales, marijuana has a following that does not likely reflect the goofy image portrayed by Hollywood, nor identify with Jeff Sessions ideas on what constitutes criminal behavior.
Without belaboring the brand identities of marijuana compared to alcohol and tobacco, let alone arguing the merits of legality for one versus the other, the point here is that no startup or early stage cannabis company can access the budget necessary to surmount the legacy of judgmental attitudes or goofy associations surrounding marijuana when the use or marijuana remains illegal. The alcohol and tobacco industry have spent decades and billions overcoming the stigma of prohibition and class action law suits to achieve the downright sex appeal they enjoy today. The investment capital necessary to transition from judged and goofy to sexy and alluring will not be forthcoming until marijuana prohibition is repealed nationwide. Hence, or attraction to Canada.
McDonald’s of Dispensaries; Sun Maid Raisins of Growers; Splenda of Extracts
So our big picture strategy in Canada is to take advantage of nationwide legalization as an overall environment were building a brand is possible. Our even bigger picture strategy is take the brand to the United States once nationwide legalization is finally achieved. The steps to achieving that strategy are first to get into the dispensary and growing business in Canada using a merger and acquisition strategy. The second step will be to build a repeatable consumer focused dispensary and growing operation. The third step will be to repeat the repeatable consumer focused dispensary and growing operation by opening additional dispensary and growing operations.
We are in negotiations now with more than one party. We expect to narrow the field rapidly and commit to the best option. The negotiations are between North American Cannabis Holdings and the target Canadian businesses. The negotiations include Puration becoming an exclusive extractor for the Canadian operation. Being an exclusive extractor would additionally support Puration in its independent strategy as a cannabis infused beverage producer.
Obviously, this is only an outline of the strategy and the broad steps to achieve the strategy. The goal is to become the McDonald’s of dispensaries, the Sun Maid Raisins of growers and the Splenda of extracts for infusion. Look for additional information to come with more detail on each of the steps in our overall strategy as our plan progresses and unfolds.
Learn more about USMJ, its parent company, ACI, and ACI’s other holdings to include PURA by visiting: http://www.aciconglomerated.com/
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
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