AUSTIN, TX / ACCESSWIRE / August 2, 2016 / The number of cannabis infused food and beverage products for the medical and recreation market is growing. The availability of a consistent, high quality cannabis extract to infuse into edibles and beverages is not growing at the same rate.
Puration, Inc. (PURA) has identified the need for a consistent, high quality cannabis extract to be available as the gold standard to the food and beverage industry. The Company has spent the last year refining its extraction process and recently announced lab certified results for the high purity of their extracted product. The company recently unveiled its plan to develop collaboration agreements with multiple food and beverage companies to produce cannabis infused consumer products. And today, the Company announced its first food and beverage collaboration agreement.
Puration today announced entering into a $1 million collaboration agreement with Colorado based Spanish Peaks ScumpDelicacies to produce and co-market THC and CBD infused beverages. The agreement is the first of three anticipated agreements with food and beverage companies to be announced in the coming weeks by Puration.
Puration utilizes a highly refined cannabis extraction process to deliver consistent and high-quality cannabis extracts. Puration last week announced an independent lab test certifying Puration CBD extract at 98% purity. The Company's business strategy is to develop collaboration agreements with food and beverage companies to co-market food and beverage products infused with Puration's cannabis extracts. Puration has published a business plan with a $3 million revenue forecast on the Company's website.
Together the two companies plan to develop a line of THC and CBD infused beverage products for the consumer market to be sold where law currently permits. The cornerstone of the collaboration agreement and the first year budgeted $1 million sales objective is founded on an affiliated distribution partnership.
To learn more about Puration: www.purationinc.com
Follow Puration on Twitter: https://twitter.com/Puration710
Visit Puration on Facebook: https://www.facebook.com/puration/
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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SOURCE: Wolf Wrangler