PURATION WITH GREENBELT RESOURCES BECOMES POWERFUL PLAYER IN GLOBAL MARKET FOR CBD EXTRACTED FROM CANNABIS .
PURA And GRCO Announce Plan To Issue Stock Dividend In New Cannabis Extraction Spinoff To Shareholders Of Both Companies
Dallas, TX -- January 16, 2018 -- InvestorsHub NewsWire -- Puration, Inc. (OTC: PURA) (Puration) and Greenbelt Resources Corporation (OTC: GRCO) (Greenbelt), in a further update to their letter of intent agreement announced last month, today announced plans to issue stock in an independently listed new cannabis extraction operation through a stock dividend distribution to the shareholders of both companies. The new company is intended to result from an alliance between Puration and Greenbelt to build and operate a cannabis extraction operation. Puration plans to structure its extraction capacity into a new subsidiary and through the new subsidiary, enter into an alliance with Greenbelt that leverages its expertise in, and supply of, bioethanol. The next step will be to spinoff the cannabis extraction subsidiary in conjunction with a Regulation Crowdfunding transaction to capitalize the new company. In conjunction with the spinoff, the new company plans to distribute a stock dividend to the shareholders of both Puration and Greenbelt.
Puration recently published an online presentation on the company’s website highlighting the details on the company’s initial plans to jointly develop a cannabis extraction operation Greenbelt.
Puration is engaged in a joint venture (JV) agreement with the not-for-profit Nature Comfort Meds to commercialize a
patented cannabinoid extraction process developed by Nature Comfort Meds.
Various extracts derived from the patented process have been trialed with positive results in the treatment of illnesses including
veterans suffering from PTSD, children with autism, various types of cancer, patients with a variety of neurological disorders,
pain management, auto-immune disorders and seizures due to Epilepsy
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.
Naming Contast For Cannabis Beverage To Be Made By Spanish Peaks with Puration Cannabis Extracted Concentrate
|News and Media for Puration Inc (PURA) || |
Marijuana-related investments may be sold in unregistered offerings and may take many forms, including microcap stocks
(low-priced stocks issued by the smallest of companies) such as penny stocks (the very lowest priced stocks).
PURA Security Details
Held at DTC