Connect with us

Business

Will Recent JV Help to Make Puration Inc (OTCMKTS:PURA) the Flavor of the Day Again Soon?

Published

on

Puration Inc (OTCMKTS:PURA) shares have pulled back sharply since ripping higher last month in response to apparent interest from some major players in the beverage space with strategic potential. To further flesh out the recent action, the company just announced that it confirmed the developing joint venture agreement with Kali, Inc. (USOTC: KALY) and Nouveau Life Pharmaceuticals, Inc. (USOTC: NOUV) to develop cannabis pharmaceutical products.

According to information contained the company’s latest press communication, Puration further confirms plans to host representatives from Kali and Nouvea in Dallas next week to finalize JV details.

Puration Inc (OTCMKTS:PURA) bills itself as a company that engages in the design, development, production, marketing, and distribution of personal or individual water purification products.

The company’s personal water filtration systems include personal water filter bottles, sports bottles, collapsible water pouches, portable purification devices, portable biological filtration devices, replacement filters, and travel filters. Its products also include water filter pitchers, canteens, shower head filters, water filter pumps, and air-to-water machines.

Puration Inc. sells its products under the Filter 2GO brand. The company was founded in 2011 and is headquartered in Dallas, Texas.

Company materials note that Puration, Inc. is a leading Texas-based, CBD-infused beverage provider. The Company’s flagship product, EVERx, which was introduced in 2017, targets the sports nutrition market. Puration plans to introduce new beverages as well as grow it product portfolio organically as well as through targeted acquisitions. As of October 2018, the Company was set to spin off its cannabis cultivation segment to focus its efforts exclusively on its high-growth core CBD-infused beverage business.

 

Searching for Support

We started off by noting that PURA just hit the wires with the announcement that it confirmed the developing joint venture agreement with Kali, Inc. (USOTC: KALY) and Nouveau Life Pharmaceuticals, Inc. (USOTC: NOUV) to develop cannabis pharmaceutical products. PURA has had a rough past five days of trading action, with shares sinking something like -14% in that time. It will be interesting to see if this news can help to shift that tone.

So far, it has obviously helped to some extent, but not enough to repair recent damage.

“Puration is already in the wellness market and think our experience with the NCM Biotech Cannabis extraction patent will be valuable to the JV,” said Brian Shibley CEO of Puration.

“I am pleased to be adding another dimension to the valuation of Puration for shareholders by tangentially entering the pharmaceuticals sector through a partnership while maintaining our internal focus on cannabis infused beverages. I’m excited to soon announce details on the new beverage we are adding through acquisition. That announcement will be coming by Friday, if not before, in a joint release from PURA and USMJ. To be clear, the JV will be excluded from developing any beverages.  I’m not sure making a beverage would come up in a pharmaceutical endeavor, by Puration’s participation requires the JV partners agree that no beverage will be produced by the JV. Puration is exclusively maintaining the cannabis beverage opportunity.”

Kali, Inc has schedule an online presentation scheduled for today to detail the strategy behind the recently announced JV plans. Further, Puration Inc (OTCMKTS:PURA) pulled in sales of $295K in its last reported quarterly financials, representing top line growth of 2.6%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($150K against $929K, respectively).

Business

Canopy Rivers Inc. (OTCMKTS:CNPOF) Portfolio Company TerrAscend Corp (OTCMKTS:TRSSF) To Acquire State Flower Brand

Published

on

Canopy Rivers Inc. (OTCMKTS: CNPOF) has announced that portfolio company TerrAscend Corp (OTCMKTS: TRSSF) has entered a definitive agreement to buy ABI SF, LLC a cannabis cultivation facility operators that own the State Flower brand.

Acquisition of State Flower

According to the terms of the agreement, initially, TerrAscend will acquire 49.9% of State Flower equity for around $2.85 million from the conversion of a previously issued convertible debenture. The company has also extended a $3.75 million line of credit to State Flower for enhancing improvements in the facility aimed at boosting its capacity. TerrAscend will acquire the rest of the 50.1% within a predetermined 12-month period based on future revenue.

Canopy Rivers, CEO, and President, Narbe Alexandrian stated that the acquisition demonstrates how TerrAscend is delivering its expansion plans. This offers more exposure in the US for Canopy Rivers and TerrAscend shareholders. The CEO added that the acquisition of State Flower would enable TerrAscend to seize a significant foothold in the US as a result of its solid consumer-facing brand. Alexandrian further said that with the retail foothold in the US already secured vial Apothecarium, the acquisition of State Flower would be a natural strategic fit for the company.

State Flower produces Ultra-premium cannabis

State Flower is popular for its high-quality cannabis flower currently sold through dispensaries in Nevada and California including Apothecarium. It operates a licensed facility in San Francisco California. It has emphasized a craft approach in its cultivation through the best-in-class genetics at the Envirocann certified facility. Evirocann certification confirms that bets management practices are in place in growing and processing of cannabis. It also ensures environmental stewardship as well as compliance with state and local regulations.

State Flower President, Daniel Wacks stated that through their work with TerrAscend and Apothecarium they have established a great cultural and strategic fit. He added that the company was proud of its achievements and were glad to have found a partner who believes in their team. Wacks said that they are looking forward to the partnership to create the best-in-class growing capabilities in all locations where TerrAscend operates.

Continue Reading

Business

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Subsidiary KGK Science Receives Cannabis Research Licence

Published

on

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) has announced that its wholly-owned subsidiary KGK Science Inc. has received a Cannabis Research Licence from Health Canada. Under the cannabis regulations, this will allow the subsidiary to possess and manage cannabis for clinical trials.

KGK to conduct the first clinical trial

This is the first license of its kind in Canada to a contract research organization. KGK will be conducting its first cannabis-based clinical trial to test pharmacokinetics of CBD and THC in healthy adults. The trial will start on October based on a procedure developed by KGK researchers at the company’s in-house clinic in Ontario. A third party who sponsored KGK to carry the trial on their behalf will receive the results.

KGK has several cannabis trials in its pipeline, and it is on its way to show its leadership in research and regulatory services in supporting cannabis and cannabis derivatives. CEO and President of KGK, Najla Guthrie stated that the trial is a significant step for the company’s business, clients, and the cannabis industry at large. He added that support from regulatory bodies and government was essential for manufacturers to take science-driven approaches in substantiating the safety of products through clinical trials.

Auxly establishing presence in Atlantic Canada

Recently Auxly and its strategic partner Atlantic Cultivation announced the signing of a comprehensive supply, retail and development agreement with the province of Newfoundland and Labrador. This is a significant milestone for Auxly as it looks to establish its presence in Atlantic Canada.

According to the agreement, Atlantic qualifies to apply for the running of five new retail outlets in the province. Currently, site scouting is underway, and Atlantic expects to open its first retail store in the first quarter of 2020. On its end, Auxly will supply up to 50 kg of dried cannabis flower this year to the province of Newfoundland and Labrador. This will increase to 1,000 kg next year with the option of additional 1,000 kg in 2021.

Auxly CEO, Hugo Alves said that they were delighted to build the company’s partnership with Atlantic as they seek to reinforce their position in Atlantic Canada.

Continue Reading

Business

SinglePoint Inc. (OTCMKTS:SING) Subsidiary To Offer Energy Solutions To The First Ever Hemp Distribution Centre

Published

on

SinglePoint Inc. (OTCMKTS:SING) has announced that its subsidiary Direct Solar of America and GSX international Group along with other corporations, are planning a first of its kind Hemp Distribution center.

Direct Solar to offer energy solutions to distribution and production centers

Direct Solar of America will supply all then required energy solutions to the distribution and production centers. This is along with energy solutions to autonomous farmers within the coop. Equally, the SinglePoint subsidiary will also facilitate the assigning or selling of ITCs between centers and farmers as well as with third parties.

This opportunity to enter the hemp market represents a massive chance to enter the burgeoning market expected to be a multi-billion dollar industry in the next few years. An organization able to effectively pool the resources of small hemp farmers and form consolidated distribution and production centers could have a competitive edge in the hemp processing market in the future. In addition to the current tax incentives provided through ITCs as well as Opportunity Zones, any group that can access both will be in a better position to reap high returns.

Direct solar services to offer exceptional value add

The company’s services will provide a unique value addition not easily replicated. This will lead to the creation of a natural barrier that will limit the entry of competitors in future that offering a long-term competitive edge. Equally, the solution will offer immediate stability to the hemp market at the same time, generate considerable profits.

Generally, the profit potential is massive owing to the current solar tax incentives and the opportunity zone exemptions. It is estimated that the project will be fully profitable in 3 to 4 growing cycles. Southern farmers will enjoy the benefit of multiple seasons per year while northern farmers will only have one growing season per year.

To reap the maximum benefit of the structure is to take advantage of the currently available tax exemptions for opportunity zone development. The financial incentive will ensure the project is profitable in the next 24 to 36 months.

Continue Reading
Advertisement

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Trade


FEATURED STORIES

Business2 days ago

Canopy Rivers Inc. (OTCMKTS:CNPOF) Portfolio Company TerrAscend Corp (OTCMKTS:TRSSF) To Acquire State Flower Brand

Post Views: 235 Canopy Rivers Inc. (OTCMKTS: CNPOF) has announced that portfolio company TerrAscend Corp (OTCMKTS: TRSSF) has entered a...

Business2 days ago

Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) Subsidiary KGK Science Receives Cannabis Research Licence

Post Views: 123 Auxly Cannabis Group Inc. (OTCMKTS:CBWTF) has announced that its wholly-owned subsidiary KGK Science Inc. has received a...

Business3 days ago

SinglePoint Inc. (OTCMKTS:SING) Subsidiary To Offer Energy Solutions To The First Ever Hemp Distribution Centre

Post Views: 233 SinglePoint Inc. (OTCMKTS:SING) has announced that its subsidiary Direct Solar of America and GSX international Group along...

Business3 days ago

Omni Health Inc. (OTCMKT:OMHE) Announce Acquisition Of Two Medical Technology Companies

Post Views: 150 Omni Health Inc. (OTCMKT:OMHE) has announced that it has completed agreements for the acquisition of 2 privately...

BENEFITS OF CBD4 days ago

How A Simple CBD Tincture with Childs Epilepsy and Seizures

Post Views: 293 With all the attention CBD has been getting in and outside mainstream media, it was only going...

Business4 days ago

LinkResPet (OTCMKTS:LRSV) and American Premium Water Corp (OTCMKTS:HIPH) Launch LYNKS CBD Pet Water

Post Views: 190 LinkResPet (OTCMKTS:LRSV) has announced that it’s American Premium Water Corp (OTCMKTS:HIPH) joint venture LYNKS CBD Pet Water...

Business4 days ago

Puration Inc. (OTCMKTS:PURA) and Kali Extracts Inc. (OTCMKTS:KALY) Products Discounted On Labour Day On USMJ Site

Post Views: 111 The partnerships between Puration Inc. (OTCMKTS:PURA) and Kali Extracts Inc. (OTCMKTS:KALY) is already offering promising returns in...

BENEFITS OF CBD5 days ago

Benefits of CBD and Endocrine Diseases

Post Views: 214 The endocrine system is a collection of glands all over the body that is responsible for the...

Business5 days ago

Tilray Inc. (NASDAQ:TLRY) Signs Definitive Agreement To Acquire FOUR20 Investments Ltd

Post Views: 134 Tilray Inc. (NASDAQ:TLRY) has announced that it has signed a definitive agreement through which it’s subsidiary High...

Business5 days ago

Golden Leaf Holdings Ltd. (OTCMKTS:GLDFF) Announces Its Q2 2019 Financial Results and Business Update

Post Views: 130 Golden Leaf Holdings Ltd. (OTCMKTS:GLDFF) has announced its Q2 2019 financial results as well as provided general...

Whats Hot

Create a future where the human body can repair, restore, and rejuvenate itself

 

Trading Symbol

OTC: PLSI

The Next Big Global Cannabis Play