News- $PURA-$KALY-$WCVC- Puration Inc. and Kali-Extracts Inc. Announce THC Extraction Partnership
Press Release | 12/18/2018
DALLAS, Texas, Dec. 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --Puration, Inc. (USOTC: PURA) (“PURA”) and Kali, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today announced a THC extraction partnership. The two companies will combine efforts and resources in the extraction of THC for respective products to be produced by the two companies. PURA requires THC extract for its new THCSavor Beverage and KALY plans to produce THC extract for vapes. KALY owns a patented cannabis extraction process which PURA has licensed for specific purposes to include PURA’s primary business, the production of cannabis infused beverages. Together, PURA and KALY plan to contract licensed extraction facilities in Colorado and California to produce THC under KALY’s patented process and supervision. PURA and KALY, through their partnership, expect to optimize economies of scale in the production of high-quality THC extract.
In conjunction with the marketing of PURA’s THC Savor produced under KALY’s patented extraction process, PURA plans to launch a marketing campaign in the spring of 2019 in partnership with the AmeriCanna Cafe launch in Colorado. The AmeriCanna Cafe is a concept restaurant subsidiary founded by North American Cannabis Holdings, Inc. (USOTC: USMJ) and recently spun-off in a sale to Priority Aviation (USOTC: PJET) (name change underway). The AmeriCanna Cafe is being launched in Colorado this spring in a partnership with West Coast Venture Group (OTCQB: WCVC).
