PURA Highlights Blackrock Climate Change Unicorn Outlook In Light Of Farmersville Hemp Brand
10 February 2022 - 02:17AM
InvestorsHub NewsWire
Dallas, TX -- February 9, 2022 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today highlighted Blackrock, Inc. (NYSE:
BLK) CEO Larry Fink’s recent comments on companies with
innovative offerings that can impact climate change. PURA
management considers Mr. Fink’s comments as further validation of
PURA’s industrial hemp strategy to introduce hemp based sustainable
innovations.
"It is my belief
that the next 1,000 unicorns--companies that have a market
valuation over a billion dollars--won't be a search engine, won't
be a media company, they'll be businesses developing green
hydrogen, green agriculture, green steel and green
cement," Fink said on Monday at the
Middle East Green Initiative Summit in Riyadh, Saudi
Arabia.
The article went on to explain the term
“unicorn:”
"Back in 2013,
when venture investor Aileen Lee, founder of Cowboy
Ventures, coined the term "unicorn" to describe VC-funded
companies valued at $1 billion or more, just 14 still-private
companies less than a decade old qualified for the title.
Crunchbase now counts 952 globally, with just over 300 in
the United States alone, with the U.S. cohort valued at nearly a
trillion dollars.
As you might
suspect, the software, cloud, and media space is well represented,
with recent entrants Airbnb Inc.
(NASDAQ:ABNB), Snowflake
Inc. (NYSE:SNOW), DoorDash
Inc. (NYSE:DASH), Zoom
Inc. (NASDAQ:ZM), CrowdStrike
Inc. (NASDAQ:
CRWD) and Moderna
Inc. (NASDAQ:MRNA)
debuting to massive
valuations."
PURA recently published its industrial
hemp 2022 strategic overview detailing the company’s plan to grow
revenue and increase shareholder value by driving market wide
demand for the multitude of yet to be realized uses of
hemp.
Brian Shibley, CEO of PURA made the
following statement: “I believe PURA’s Farmersville Hemp co-op has
the potential to be a unicorn for the industrial hemp sector.
I see a unicorn valuation coming from one of our pilot hemp
projects demonstrating a scalable financial model that warrants a
billion-dollar valuation or coming from the adoption of a hemp
related technology that warrants a billion-dollar valuation.
Perhaps both.”
The industrial
hemp industry, to include the portion of CBD exclusively from hemp,
is anticipated to grow to $18 billion by
2026.
PURA
management thinks this is a substantial underestimate because the
industry has yet to recognize the multitude of ways hemp can be
utilized.
The
Sustainability Market is expected to expand from $9 billion reported in 2021 to
over $41 billion by
2028.
PURA
management believes the impact hemp can have on sustainability is
not fully baked into the industrial hemp
forecasts.
PURA anticipates generating $1 million in
revenue in 2022 with the potential to reach $10 million in revenue
this year.
See the company’s 2022
Industrial Hemp Strategic Plan to learn
more.
For more
information on Puration, visit http://www.purationinc.com
Disclaimer:
This News
Release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information
Contact:
Puration,
Inc.
Brian Shibley,
info@aciconglomerated.com
(800)
861-1350
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