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Posted On: 06/15/2021 8:41:31 AM
Post# of 108954
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PURA Finalizes On Increased Investment In ALKM To Produce New CBD Infused Products
3:16 pm ET June 14, 2021 (Globe Newswire) Print
Puration, Inc. (OTC Pink: PURA) today finalized with Alkame Holdings, Inc. (OTC Pink: ALKM) on the previously announced commitment for PURA to increase its investment in ALKM.
In an earlier capital investment initiative, PURA acquired a five percent interest in ALKM.
PURA is working with ALKM and North American Cannabis Holdings, Inc. (OTC Pink: USMJ) in the development of a series of new CBD infused products. PURA's new investment will be directed at funding ALKM to formulate the products and set up the ALKM plant for producing the products. USMJ will manage marketing of the new CBD infused products.
The investment transaction is now complete. PURA has advanced funds for ALKM to formulate products and set up the ALKM plant for producing new products. While the investment, like all investments, is at risk, PURA expects the investment to ultimately result in ALKM creating new products for PURA whereby PURA's return will come from the sale of the new products with no long-term debt or equity impact to ALKM.
PURA Finalizes On Increased Investment In ALKM To Produce New CBD Infused Products
3:16 pm ET June 14, 2021 (Globe Newswire) Print
Puration, Inc. (OTC Pink: PURA) today finalized with Alkame Holdings, Inc. (OTC Pink: ALKM) on the previously announced commitment for PURA to increase its investment in ALKM.
In an earlier capital investment initiative, PURA acquired a five percent interest in ALKM.
PURA is working with ALKM and North American Cannabis Holdings, Inc. (OTC Pink: USMJ) in the development of a series of new CBD infused products. PURA's new investment will be directed at funding ALKM to formulate the products and set up the ALKM plant for producing the products. USMJ will manage marketing of the new CBD infused products.
The investment transaction is now complete. PURA has advanced funds for ALKM to formulate products and set up the ALKM plant for producing new products. While the investment, like all investments, is at risk, PURA expects the investment to ultimately result in ALKM creating new products for PURA whereby PURA's return will come from the sale of the new products with no long-term debt or equity impact to ALKM.
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