PURA and ALKM To Introduce CBD To $52 Billion Industrial Sugar Market
- Written by Newsfile
Dallas, Texas--(Newsfile Corp. - May 13, 2021) - Puration, Inc. (OTC Pink: PURA) and Alkame Holdings Inc. (OTC Pink: ALKM) have finalized a formula for a new CBD infused liquid sugar. The two companies are coordinating production plans and expect to begin production soon.
The global industrial sugar market is expected to reach $52 Billion[1] by 2022.
In December 2020, PURA and ALKM announced plans to produce and test market a CBD infused liquid sugar, a CBD infused pet food supplement and a CBD sexual wellness flavored lubricant.
ALKM currently bottles PURA's EVERx CBD Sports Water. As part of a growing partnership, PURA has recently acquired a five percent stake in ALKM[2]. In conjunction with that growing partnership, ALKM and PURA plan to pilot the production of multiple new CBD infused consumer products.
PURA owns a license to a U.S. Patented cannabis extraction process backed by extensive university medical research. The license, issued by NCM Biotech, is exclusive for beverages, edibles and cosmetics among other uses. NCM Biotech is focused on medical research and Puration has access to that research.
PURA and ALKM plan to soon announce beginning production on the new CBD infused liquid sugar in addition to updates on progress with the additional new products.
For more information on Puration, visit http://www.purationinc.com[3]
For more information, visit www.alkameholdingsinc.com[4]
CONTACT:Alkame Holdings, Inc. Investor RelationsWebsite: www.alkameholdingsinc.comEmail: info@alkameholdingsinc.com[5][6]
Contact:Puration, Inc.Brian Shibley,info@aciconglomerated.com+1 (800) 861-1350[7]
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that Alkame will achieve significant sales, the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83971[8]
References
- ^ $52 Billion (www.newsfilecorp.com)
- ^ five percent stake in ALKM (www.newsfilecorp.com)
- ^ http://www.purationinc.com (www.newsfilecorp.com)
- ^ www.alkameholdingsinc.com (www.newsfilecorp.com)
- ^ www.alkameholdingsinc.com (www.newsfilecorp.com)
- ^ info@alkameholdingsinc.com (www.newsfilecorp.com)
- ^ info@aciconglomerated.com (www.newsfilecorp.com)
- ^ https://www.newsfilecorp.com/release/83971 (www.newsfilecorp.com)