It was today that Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ) pronounced a shareholder update presentation set to take place in a weeks time. The combined management of the two business gurus is expected to conduct a presentation of a major strategic update meant to benefit the shareholders of these two companies.
Next week’s presentation is expected to entail the latest developments in the two businesses’ new cannabis cultivation ventures, cannabis-themed restaurant business and the cannabis infused beverage business.
It was in the previous year that PURA unveiled EVERx CBD Infused Sports Water, and that was an evolution of its cannabis extraction business. From that point, EVERx rose to become one of the most recognized and trusted brands in the diverse sports nutrition market place. With the passage of time the distribution increased by a significant margin.
It was just recently that PURA came up with the THC infused beverage called THCSavor, a product that will soon be unveiled in Canada. In a bid to expand the company’s extraction business upstream into cultivation, PURA in the previous year proceeded to purchase a grow operation after which it bought a cultivation business in Canada.
A lot of announcements have been made of late, ranging from the dividends and spinoffs deemed essential in marketing, the operational developments targeted at the establishment of ecommerce, cultivation, and beverage and restaurant businesses.
It goes without saying that the various shareholders should get ready for several exciting upcoming announcements as management provides operational and marketing details behind the updated business plans.
The way forward
The management of PURA has plans underway to concentrate PURA’s ongoing operations spinoff its cultivation business into a standalone, independently listed company as well as focuss PURA’s ongoing operations towards the growth of the massive cannabis infused beverage business.
A person well conversant with the latest developments says that the transaction to structure the cultivation business into a standalone independently listed public company will be constituted by a share exchange between the independently listed public company and PURA where shares of the independently listed public company are expected to be issued out to PURA’s shareholders in the form of a dividend distribution.