PURA in Partnership with PAOG and ALKM Prepare for Biden Bull Cannabis Market
PURA has entered into partnerships with PAOG and ALKM to produce hemp derived products.
Dallas, Texas--(Newsfile Corp. - January 20, 2021) - Puration, Inc. (OTC Pink: PURA) in conjunction with its recent Farmersville partnership with PAO Group, Inc. (OTC Pink: PAOG) and Alkame Holdings Inc. (OTC Pink: ALKM) today highlighted management's outlook for a 2021 breakout on the Farmersville strategy in light of an anticipated President Biden cannabis bull market.
In an article today from The Motley Fool:
"It's true that Biden hasn't been a big fan of marijuana legalization. But the prospects of federal decriminalization of marijuana and major banking reform to help the U.S. cannabis industry appear to be greater than ever with Biden as president and his fellow Democrats in control of both the Senate and the House of Representatives."
PURA has recently acquired property in Farmersville, Texas as part of new strategy to build a brand (Farmersville Brands) around the full potential of hemp derived products to include not just the CBD extract sector but markets where hemp fiber provides a better alternative as well to include construction, clothing manufacturing and paper production.
PURA has entered into partnerships with PAOG and ALKM to produce hemp derived products.
PAOG is a longtime participant in the cannabis sector working on initiatives to introduce cannabis treatments as alternatives to traditional pharmaceuticals, particularly where existing pharmaceutical treatments have potentially severe secondary ramifications as is the case with opioid based treatments.
On July 30, 2020, PAOG acquired RespRx from Kali-Extracts, Inc. (OTC Pink: KALY) RespRx is a cannabis treatment under development for Chronic Obstructive Pulmonary Disorder (COPD) derived from a patented cannabis extraction method - U.S. Patent No. 9,199,960 entitled "METHOD AND APPARATUS FOR PROCESSING HERBACEOUS PLANT MATERIALS INCLUDING THE CANNABIS PLANT."
PAOG recently announced an engagement with Veristat, Inc., a contract research organization headquartered in Southborough Massachusetts. PAOG has engaged Veristat to assist in advancing PAOG with its proprietary Cannabidiol (CBD) extract for the treatment of Chronic Obstructive Pulmonary Disorder (COPD) toward initiating an Investigational New Drug application (IND) with the Food and Drug Administration (FDA).
PAOG has also recently engaged with the Puerto Rico Consortium for Clinical Investigation to assist PAOG with developing its proprietary Cannabidiol (CBD) extract into a nutraceutical product to provide care for those experiencing issues associated with Chronic Obstructive Pulmonary Disorder (COPD).
ALKM and PURA recently announced the latest shipment of EVERx CBD Sports Water. ALKM is the long-term producer of PURA's flagship CBD infused beverage, EVERx CBD Sports Water.
The two companies recently announced plans to expand their business relationship and produce and test market a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant.
As part of a growing partnership, PURA has recently acquired a five percent stake in ALKM.
PAOG also plans to work with PURA and ALKM's co-packing operations in the delivery of its CBD nutraceutical care solutions for those experiencing issues associated with COPD.
Learn more about PAOG at www.paogroupinc.com.
Learn more about ALKM at www.alkameholdingsinc.com
Learn more about PURA at www.purationinc.com
Forward-Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
CONTACT INFORMATION
Cotact:
Jim DiPrima
888-272-6472
[email protected]
Contact:
Alkame Holdings, Inc. Investor Relations
www.alkameholdingsinc.com
[email protected]
Contact:
Puration, Inc.
Brian Shibley,
[email protected]
(800) 861-1350
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72415