Puration Inc (OTCMKTS: PURA) predicts that the green and sustainability market will grow to $ 41 billion in value by then. However, the Cannabidiol Market Growth (CBD) market expects to rise to $13 billion by 2028.
Pura will market its services under Farmersville Hemp
With the launch of its Brand, Farmersville Hemp, the Company hopes to expand its entire market by designing and developing the industrial hemp’s potential education.
The Company also monetized its efforts to build growers’ cooperation under the hemp umbrella. The Initiative will work similarly to Sun-maid’s method to advertise and market its services and products under a single brand name of growers and processers.
This Brand’s strategy centers on the value of industrial leveraging hemp solutions that gain sustainable solutions’ economic weight. There are examples of the advantages of sustainable financial incentives implemented by the strategies. These include the requirement of 1.7 tons of carbon removed from the atmosphere by each ton of hemp, and cotton’s need to use 50% more water grow than the hemp.
The Company is to sign contracts within December to effect its move to work closely with other organizations such as the North American Cannabis Holdings Inc (OTCMKTS: USMJ) and PAO Group, Inc (OTCMKTS: PAOG), among others.
The collaboration affects the development of CBD extract in infused foods, beverages, pharmaceuticals, and nutraceuticals. The Company recently announced that it expects to sign its first contracts in December that will contribute to its 2022’s $1 million revenue.
PURA’s goal is to extend its 1m revenue forecast.
In addition to the products and services offered by the company, Pura highlights a dark horse potential to exceed substantially in the $ 1 million revenue forecast.
The Company has created a better and efficient business model that builds the industrial hemp business on three sources of revenue, that is, partnerships, branding, and education. The management also indicates that the income from its education line circumscribed the initial revenue prediction for the following year.
The Company hopes that the line will ignite the revenue potential of the other business lines and the revenue forecast to be revised in 2022.
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