Replies to post #30287 on Puration Inc (PURA)

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DALLAS, Feb. 4, 2020 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) today announced receiving a $5 million investment term sheet intended to fund the prospective acquisition of cannabis infused beverage, edible and topical operations. PURA recently revealed plans to pursue the prevailing cannabis consolidation market opportunity by acquiring smaller cannabis infusion companies. Multiple cannabis investment market analysts have forecasted a market wide consolidation as larger cannabis sector firms acquire smaller firms. The proposed investment terms outline an up to $5 million debt facility whereby funds would be drawn as needed to fund acquisitions. The drawn funds would be secured by the acquired asset and the debt could be repaid in stock at $0.10 per share. PURA anticipates making its first formal acquisition offer within the next 10 days and likewise finalizing terms on the term sheet announced today in order to utilize a first draw in conjunction with the first acquisition.