PURA Announces Sale Of Cannabis Cultivation Operat
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Posted On: 07/29/2020 8:41:22 AM
PURA Announces Sale Of Cannabis Cultivation Operation With Shareholder Dividend
2:53 pm ET July 28, 2020 (Newsfile) Print
Dallas, Texas--(Newsfile Corp. - July 28, 2020) - Puration, Inc. (OTC Pink: PURA) today announced the sale of its cannabis cultivation operation to PAO Group, Inc. (OTC Pink: PAOG). The operation was sold for a $1,000,000 valuation. The cannabis cultivation operation was sold in exchange for PAOG common stock. The stock is slated to be distributed to PURA shareholders in a dividend distribution. The planned distribution ratio is 1 for 1. Accordingly, PURA shareholders will receive one share of PAOG stock in exchange for every PURA share held. PURA plans to issue more details next week on the planned dividend distribution.
2:53 pm ET July 28, 2020 (Newsfile) Print
Dallas, Texas--(Newsfile Corp. - July 28, 2020) - Puration, Inc. (OTC Pink: PURA) today announced the sale of its cannabis cultivation operation to PAO Group, Inc. (OTC Pink: PAOG). The operation was sold for a $1,000,000 valuation. The cannabis cultivation operation was sold in exchange for PAOG common stock. The stock is slated to be distributed to PURA shareholders in a dividend distribution. The planned distribution ratio is 1 for 1. Accordingly, PURA shareholders will receive one share of PAOG stock in exchange for every PURA share held. PURA plans to issue more details next week on the planned dividend distribution.
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