Puration Partners on CBD Lab Construction, Hemp Cultivar Development
Puration, Inc. (PURA) and PAO Group, Inc.’s (PAOG) have entered into a partnership within PURA’s new Farmersville Hemp Brand initiative.
PURA is building hemp processing and cultivation partnerships with the intention of establishing an industrial hemp brand cooperative under the Farmersville Hemp Brand name. In the fashion that Sun-Maid Raisins collectively markets for growers all selling under one brand name, PURA plans to collectively market for multiple hemp growers and processors under the Farmersville Hemp Brand name.
PAOG is developing nutraceutical and pharmaceutical treatments derived from the company’s intellectual property surrounding research into CBD extracted in association with a patented extraction method (U.S. Patent No. 9,199,960). PAOG expects to realize its first CBD nutraceutical product sales beginning imminently in Q4, 2021. The company confirms shipping its first CBD nutraceutical product to its distribution partner, North American Cannabis Holdings, Inc. (OTC Pink: USMJ).
In conjunction with PAOG’s ongoing CBD research, PAOG is specifically partnering with PURA in the dosing and construction of a lab and greenhouse for cultivating pharmaceutical grade hemp and developing proprietary hemp cultivars.
The overall global industrial hemp market was estimated at $5 billion in 2019 and expected to grow to $36 billion by 2026.
A key strategy to the Farmersville Hemp Brand collective marketing initiative will be to conduct focused, hands-on seminars for established companies with existing products that do not incorporate hemp and demonstrate to those established companies how hemp can be used to innovate their existing product lines.
The company recently broke ground on its 70-acre property in Farmersville Texas. A construction pad has been cleared for the building of multiple buildings where PURA will facilitate hands-on marketing for a wide variety of products that can be derived from hemp.
The Farmersville Hemp Brand Facility will be able to host client companies for seminars to demonstrate hemp processing and how hemp can be used as a natural, cost-effective and even superior alternative to currently available construction materials, nutraceuticals and pharmaceuticals, clothing, fuel, and plastics – to name just a few. According to one source, more than 25,000 products can be made from hemp.
PURA does not plan to wait on the completion of construction in Farmersville to begin its seminars. PURA intends to imminently complete its hemp innovation curriculum and launch its first seminars in Q4 2021.
For more information on Puration, visit www.purationinc.com.