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Puration Inc. (OTCMKTS: PURA) States That CBD Market Will Grow to $13 Billion By 2028

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Puration Inc. (OTCMKTS: PURA)  has highlighted that although the CBD market is expected to grow to $13 billion through 2028, the Green Technology and Sustainability sector will grow from $9 billion in 2021 to $41 billion by 2028.

Puration launched Farmersville Hemp brad to expand opportunities 

The company recently launched the Farmersville Hemp brand to expand the market opportunity for hemp by offering education regarding the overall industrial hemp potential.  Additional to revenue generation from the educational services, Puration expects to commercialize efforts by creating a cooperative for hemp processors and growers and selling products collectively under the Farmersville Hemp brand.

Also, Puration launched an initiative of building hemp cultivators and processors’ cooperative where sellers can sell their products under a single brand, Farmersville Hemp, just the same way Sun-Maid Raisins collectively markers for its growers under a single selling brand. The strategy for the Farmersville Hemp Brand is centered around articulating the significance of capitalizing in industrial hemp solutions to gain economic value for sustainable solutions implementations.

Each ton of hemp takes around 1.7 carbon tons from the environment. For instance, cotton needs 50% more water relative to hemp to mature. Therefore, these are some of the sustainable advantages with the economic incentives of implementing hemp strategies.

Puration partnering with PAOG to create CBD nutraceuticals and pharmaceutical 

Interestingly, Puration will continue working with PAO Group Inc. (OTCMKTS: PAOG)  in developing CBD extract nutraceuticals and pharmaceuticals. Also, the company will continue working with North American Cannabis Holdings Inc. (OTCMKTS: USMJ) and Alkame Holdings Inc. (OTCMKTS: ALKM)  to develop CBD-infused beverages and foods.

Recently Puration announced that it is anticipating signing its initial contracts in December, which will contribute to the first initial revenue of $1 million in 2022. The company expects revenue for branding, education, and partnership, and the predicted revenue for 2022 encompasses revenue from the education business line that will ignite possible revenue of the partnership and branding business liens. Management sees branding and partnership business lines creating more revenue min 2022.

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