PURA Schedules Online Presentation To Detail California Cannabis Extraction Business Plan Built On Partnership With GRCO
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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.
