Kali Inc. (KALY)

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PURA and NOUV Announce Cannabis Cultivation Business Update To Include Latest On Planned Dividend and KALY Extraction Partnership
GlobeNewswireSeptember 26, 2019, 5:58 PM UTC
DALLAS, Sept. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Puration, Inc. (PURA) (“PURA”) and Nouveau, Inc. (aka Nouveau Life Pharmaceuticals) (NOUV) (“NOUV”) today announced a Cannabis Cultivation Business Update scheduled to be published tomorrow, September 27, 2019.

The update tomorrow is part of a series of PURA corporate releases scheduled for this week following PURA’s CBD beverage industry survey results and corresponding analyst research update published last week in conjunction with PURA’s pre-marketing initiative for its new CBD infused beer, coffee and tea. Management plans to include in the announcements this week the latest news on the progress toward issuing the previously announced dividend of NOUV stock to PURA shareholders. The update will also include an overall update on NOUV’s cannabis cultivation business.

PURA owns the sole license of Kali-Extracts (KALY) U.S. Patented Cannabis Extraction Process which is utilized in the production of PURA’s infused beverages. Separately KALY has entered into an extraction contract with NOUV. The KALY business relationship with PURA and KALY will be included in the update tomorrow.