Disclosure NewswireTMiCrowdNewswire - Sep 8, 2016
DALLAS, TX – Puration, Inc. (OTC: PURA) and Spanish Peaks ScrumpDelicacies plan to meet next week in Walsenburg, Colorado to solidify next steps on the two companies’ recently announced $1 million collaboration agreement to produce and co-market THC and CBD infused beverages. After the Southern Colorado Town of Walsenburg was featured in a USA TODAY report last year as a potentially ideal region for the evolving cannabis industry yet underserved by the investment community, the Spanish Peaks ScrumpDelicacies initiative was born. For Puration, the Spanish Peaks agreement is the first of three anticipated agreements with food and beverage companies to be announced in the coming weeks.
Puration Setting The Cannabis Extraction Standard
Puration is engaged in the development of standardized and repeatable cannabis extraction processes that can deliver a consistent and high-quality concentrate for infusion into consumer food and beverage products that appeal to the recreational and wellness market segments.
Puration History and Outlook
Puration, entered the emerging cannabis sector last year through the acquisition of proprietary and proven extraction intellectual property. Puration’s progress since the acquisition has not been widely publicized. Work last year quietly focused on developing extraction processes and on opening an extraction lab and infusion facility in Colorado as well as securing a large scale, commercial hemp farming operation in China. The Company recently released details regarding the upcoming launch of an extraction facility in the State of Colorado. The Company also recently announced independent test results verifying the high quality of its CBD extract. Management is just now beginning to make the Company’s past and coming progress more public. Stay tuned to watch what Puration plans to execute between now and the end of the year.
Spanish Peaks Cannabis Beverage Name Contest
In conjunction with the Puration collaboration agreement, Spanish Peaks just yesterday concluded a contest to name its first cannabis infused beverages. Results are being tabulated and winners will be contacted tomorrow. A public announcement of the winners is anticipated next week.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and as such, may involve risks and uncertainties. These forward looking statements relate to, among other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company’s actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
Brian Shibley, CEO