PURA Makes Bid For Hemp4mula CBD Confections Backed By $5 Million Investment
13 February 2020 - 1:46AM
InvestorsHub NewsWire
PURA Makes Bid For Hemp4mula CBD
Confections Backed By $5 Million Investment
Dallas, TX -- February 12, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced making a formal proposal to Kali-Extracts
(USOTC:
KALY) to acquire KALY’s Hemp4mula CBD Infused Confections
operation. On Monday, earlier this week, PURA announced
closing on a $5 million investment to fund the prospective
acquisition of cannabis infused beverage, edible and topical
operations. The $5 million investment is structured as a debt
facility whereby funds can be drawn as needed to fund
acquisitions. The drawn funds would be secured by the
acquired asset and the debt can be repaid in stock at $0.10 per
share. Hemp4mula is the first target acquisition for PURA in
an anticipated series of
acquisitions.
Hemp4mula currently includes two products,
Hemp4mula Gummies and Hemp4mula Gum each infused with 10mg of CBD
extracted from hemp.
For more information on Puration,
visit http://www.purationinc.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.
Contact:
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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