Highlights of the PURA Farmersville hemp research initiative
Dallas, Texas, October 11, 2021 (GLOBE NEWSWIRE) – Puration, Inc. (OTC Pink: PURA) (“PURA”) has undertaken a research initiative as part of a global plan to increase brand recognition Farmersville Hemp.
Last week, PURA announced that the Farmersville Hemp Brand initiative includes an effort to research market opportunities for non-consumable hemp applications and that PURA has initiated discussions to establish an academic partnership to expand these efforts. of research.
Today, to demonstrate the viability of PURA’s hemp research initiative and academic partnership discussions, PURA management highlighted that the US Department of Agriculture (USDA) is committed to granting the Global Hemp Innovation Center at Oregon State University (OSU) $ 10 million to study sustainable hemp production.
PURA is establishing hemp processing and cultivation partnerships with the goal of establishing an industrial hemp brand cooperative under the brand name Farmersville Hemp. Fashionable who Sun-Maid Grapes Collectively markets growers all selling under one brand, PURA plans to collectively market multiple hemp growers and processors under the Farmersville Hemp brand.
The global global industrial hemp market was estimated at $ 5 billion in 2019 and is expected to reach $ 36 billion by 2026.
The global industrial hemp market includes hemp seeds, hemp seed oil, hemp fiber, CBD hemp oil, with applications in industries to include food, beverages, health products. personal care, textiles, construction and pharmaceuticals.
A key strategy for Farmersville Hemp Brand’s collective marketing initiative will be to conduct targeted, hands-on seminars for established businesses with existing products that do not incorporate hemp and demonstrate to those established businesses how hemp can be used. to innovate their existing product lines.
The company recently broke new ground on its 70-acre property in Farmersville, Texas. A construction platform has been cleared for the construction of several buildings where PURA will facilitate the practical marketing of a wide variety of products that can be derived from hemp.
Farmersville’s branded hemp facility will be able to host corporate clients for seminars to demonstrate the processing of hemp and how hemp can be used as a natural, cost-effective and even superior alternative to building materials, nutraceuticals and pharmaceuticals today. available, clothing, fuel and plastics – to name a few. According to a source, more than 25,000 products can be made from hemp.
PURA does not intend to wait until the end of construction in Farmersville to begin its seminars. PURA intends to complete its hemp innovation program shortly and launch its first seminars in the fourth quarter of 2021.
For more information on Purification, visit http://www.purationinc.com
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