DALLAS, Sept. 14, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today confirmed entering into a letter of intent (LOI) agreement to acquire a 72-acre property in Farmersville, TX. The planed real estate acquisition is the cornerstone of PURA's Farmersville Brands strategy to be infused with a $100 million investment.
PURA recently introduced Farmersville Brands and announced a major juncture in the company's growth and development as the company pivots from its hemp derived CBD beverage industry foundation to launch a Texas flavored, holistic lifestyle branded approach into a broader, but still niche, $20 billion sector within an overall market worth at least $2 trillion.
See PURA Announces $100 Million Farmersville Brand Strategy to learn more.
See PURA Announces LOI to Acquire Farmersville, Texas Property from UC Asset for $1.3M to learn more about the real estate acquisition LOI.
For more information on Puration, visit http://www.purationinc.com
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.
SOURCE Puration, Inc.