Puration is engaged in the development of standardized and repeatable cannabis extraction processes that can deliver a consistent and high-quality concentrate for infusion into consumer food and beverage products that appeal to the recreational and wellness market segments.
Over the previous 12 months, Puration has been developing and testing commercial applications of a patented cannabis extraction process. The CEO, Brian Shibley, recently published an online presentation outlining the Company’s strategy to bring a variety of cannabis extracts to market. The Company currently projects its cannabis extract business plan to generate $3 million in revenue over the next 12 months.
The Company recently released details regarding the upcoming launch of an extraction facility in the State of Colorado where the extraction process can be utilized for both the ongoing development of cannabis treatments at the same time benefiting from the extraction and selling oil from marijuana into the legal recreational market in Colorado.