DALLAS, TX / ACCESSWIRE / November 7, 2016 / Puration, Inc. (OTC: PURA) today announced entering discussions to open an extraction facility in the State of Oregon where recreational marijuana is legal. An extraction facility in Oregon would enable Puration to deliver THC for infusion in edibles and beverages in Oregon.
"The discussions to potentially open an extraction facility in Oregon is a landmark event for the Company," said Brian Shibley, Puration, Inc. CEO. "The discussions were initiated by an investment group that was 1. attracted to our business model to establish Puration as the gold standard in cannabis extraction for infusion into edibles and beverages and 2. by the test results of our extracted product. These discussions are a landmark event because they demonstrate Puration establishing itself as a recognized extraction source in the cannabis sector."
The discussions announced today come after the recent announcement of two collaboration agreements in which Puration will deliver the cannabis extract to be infused into two separate beverage brands anticipated to have product on shelves next quarter.
In addition to the existing orders, Puration confirms a previous announcement of a third collaboration agreement is anticipated soon:
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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.
Puration Contact:
Brian Shibley, CEO
[email protected]
+1-214-937-9097
SOURCE: Puration