Dallas,
Oct. 11, 2021 – PRESS RELEASE – Puration Inc. (PURA) has undertaken a
research initiative as part of an overall plan to build its Farmersville Hemp
Brand recognition.
Last
week, PURA announced the Farmersville Hemp Brand initiative includes a research
effort into non-consumable hemp application market opportunities and that PURA
has entered discussions toward establishing a university partnership intended
to expand these research efforts.
To
demonstrate the viability of PURA’s hemp research initiative and university
partnership discussions, PURA management highlighted that the U.S. Department
of Agriculture (USDA) has committed to grant Oregon State
University’s (OSU) Global Hemp Innovation Center $10 million to study sustainable hemp production.
PURA
is building hemp processing and cultivation partnerships with the intention of
establishing an industrial hemp brand cooperative under the Farmersville Hemp
Brand name. In the fashion that Sun-Maid Raisins collectively markets for growers all
selling under one brand name, PURA plans to collectively market for multiple
hemp growers and processors under the Farmersville Hemp Brand name.
The
overall global industrial hemp market was estimated at $5 billion in 2019 and
expected to grow to $36 billion by 2026.
The
global industrial hemp market includes hempseed, hempseed oil, hemp fiber and
CBD hemp oil, with applications in industries to include food, beverages,
personal care products, textiles, construction and pharmaceutical.
A
key strategy to the Farmersville Hemp Brand collective marketing initiative
will be to conduct focused, hands-on seminars for established companies with
existing products that do not incorporate hemp and demonstrate to those
established companies how hemp can be used to innovate their existing product
lines.
The
company recently broke ground on its 70-acre property in Farmersville,
Texas. A construction pad has been cleared for the building of multiple
buildings where PURA will facilitate hands-on marketing for a wide variety of
products that can be derived from hemp.
The
Farmersville Hemp Brand facility will be able to host client companies for
seminars to demonstrate hemp processing and how hemp can be used as a natural,
cost-effective and even superior alternative to currently available
construction materials, nutraceuticals and pharmaceuticals, clothing, fuel and
plastics—to name just a few. According to one source, more than 25,000 products can be made from hemp.
PURA
does not plan to wait on the completion of construction in Farmersville to
begin its seminars. PURA intends to imminently complete its hemp
innovation curriculum and launch its first seminars in Q4 2021.
For
more information on Puration, visit http://www.purationinc.com.
