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Puration Inc. (OTCMKTS: PURA) Expects Revenue Of $1 Million In 2022 Driven By Farmersville Hemp Brand

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Puration Inc. (OTCMKTS: PURA) has announced that it expects initial revenue of $1 million in 2022. However, the management forecast is conservative, and the company is likely to revise the revenue projection at least once in 2022.

In a letter to shareholders, CEPO Brian Shibley outlines three revenue source targets: education, branding, and partnerships.

Puration expects Farmersville Hemp Brand to generate revenue in 2022

Shibley stated, “We have just entered the fourth quarter of 2021 which we expect to be a pivotal period catapulting the company’s new Farmersville Hemp Brand into 2022 to begin generating and rapidly growing revenue. Yes, Covid hindered our transition, but it didn’t stop it and we are confident the Covid hurdles are now behind us. Central to our Farmersville Hemp Brand strategy is the Farmersville property we acquired and are now developing.”

The CEO explained that the company purchased a property from UC Asset LP (OTCMKTS: UCASU)  last year. Inspired by Puration’s plans, UC Asset has joined the company as a partner to offer real estate financing Farmersville Hemp Brand partners besides financing the building of the Farmersville facility.

Shibley added, “The Farmersville facility will operate as a university where we intend to provide education on the potential of industrial hemp to enhance and improve existing operations of a myriad of existing companies. But I’m getting a little ahead of myself, let me back up and start with an overview of our business plan getting ready to go into action in Q1 2022 after much transition work and one or two Covid hurdles.”

Three revenue sources under Farmersville Hemp Brand

Under the Farmersville Hemp Brand, the company will target clients ready to use industrial hemp in their products and operations. In addition, Puration will offer services at the Farmersville facility to conduct education and consulting services.

The company seeks to establish a co-op for hemp growers and processors where they can sell hemp products under one brand name. Also, PURA seeks to generate revenues via strategic partnerships, some of which are already in place.

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