DALLAS – Puration, Inc. (USOTC: PURA) today announced making a formal proposal to Kali-Extracts (USOTC: KALY) to acquire KALY’s Hemp4mula CBD Infused Confections operation. On Monday, earlier this week, PURA announced closing on a $5 million investment to fund the prospective acquisition of cannabis infused beverage, edible and topical operations. The $5 million investment is structured as a debt facility whereby funds can be drawn as needed to fund acquisitions. The drawn funds would be secured by the acquired asset and the debt can be repaid in stock at $0.10 per share. Hemp4mula is the first target acquisition for PURA in an anticipated series of acquisitions.
Hemp4mula currently includes two products, Hemp4mula Gummies and Hemp4mula Gum each infused with 10mg of CBD extracted from hemp.
For more information on Puration, visit http://www.purationinc.com
