PURA Expects To Close And Announce CBD Pet Products Acquisition Later Today
February 27 2020 - 9:10AM
InvestorsHub NewsWire
PURA Expects To Close And Announce
CBD Pet Products Acquisition Later Today
Dallas, TX -- February 27, 2020 --
InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) expects to close and announce the acquisition of a CBD
Infused Pet Products operation later today. The CBD Infused
Pet Products acquisition is the first in an anticipated series of
acquisitions. PURA recently launched a campaign to acquire CBD
infused beverage, edible and topical operations and also 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. A second acquisition of a CBD Infused Confections
operation is underway. PURA is currently working to build a
pipeline of more acquisition
opportunities.
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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