PURA Schedules Online Presentation To Detail California Cannabis Extraction Business Plan Built On Partnership With GRCO
11 Dezember 2017 - 3:38PM
InvestorsHub NewsWire
Dallas, TX -- December 11, 2017
-- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) today announced an online presentation schedule to be
released on the company’s website tomorrow, December 12,
2017. The presentation will highlight details on the
company’s plan with Greenbelt Resources Corporation (USOTC:
GRCO) (Greenbelt) to jointly develop and operate a cannabis
extraction facility in California. The two companies
announced a letter of intent (LOI) last week to partner on the
development and operation of a cannabis extraction
facility.
Puration recently completed
successful tests of Greenbelt’s
bioethanol for use as a
solvent during the extraction process. Greenbelt produced the
bioethanol from brewery waste collected in its hometown, Paso
Robles, California. Brewery waste, along with other waste-based
feedstocks, are targeted for use in Greenbelt’s Paso
Robles ECOsystem (PRECO), a waste-to-energy interconnected system
(ecosystem) that will produce 500,000 gallons of bioethanol from a
variety of local feedstocks.
Legal recreation marijuana sales
start in California on January 1, 2018, and Puration is positioned
to become a leading cannabis production company. A
recent report from ArcView
and BDS has increased a
previous $7 billion valuation of the legal marijuana market in
California by 33% to $10 billion. California is anticipated
to be the largest legal cannabis economy in the U.S.
About Greenbelt
Resources
Greenbelt Resources Corporation™ is
an award-winning provider of sustainable energy production systems
focused on delivering modular solutions that enable the localized
processing of locally generated waste into locally consumed
products. Greenbelt designs, develops and implements technology
that makes the production of advanced biofuel reliable, practical
and efficient. Controlled by proprietary automated controls,
Greenbelt’s small-scale, end-to-end modular systems convert food,
beverage and other cellulosic wastes into commercially viable
advanced biofuels (bio-ethanol), animal feed, fertilizer and
filtered water. For more information visit www.greenbeltresources.com.
About
Puration
Puration is engaged in the
development of standardized and repeatable cannabidiol 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. For more information visit www.aciconglomerated.com.
Disclaimer/Safe
Harbor:
This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that any of the companies mentioned herein will achieve significant
sales, the failure to meet schedule or performance requirements of
the companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not occur.
These statements have not been evaluated by the Food and Drug
Administration. These products are not intended to diagnose, treat,
cure, or prevent any disease.
For More Information
Contact:
Brian Shibley,
info@aciconglomerated.com
1-800-861-1350
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