PURA Confirms CBD Pet Product and CBD Confections Acquisition Offers
February 13 2020 - 3:01PM
InvestorsHub Cannabis NewsWire
PURA Confirms CBD Pet Product and
CBD Confections Acquisition Offers
Dallas, TX -- February 13, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today confirmed extending its first two bids in a
campaign to acquire CBD infused beverage, edible and topical
operations. PURA has made and offer to acquire a CBD
Confections Operation and separately made an offer to acquire a CBD
Pet Products operation. On Monday, earlier this week, PURA
announced closing on a $5 million investment to fund the
acquisition campaign. 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. Provided the acquisition bids advance to a next step,
PURA plans to engage an independent evaluation of the two target
acquisitions.
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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