Puration and Spanish Peaks ScrumpDelicacies Announce One Million Dollar Cannabis Beverage Collaboration Agreement

DALLAS, August 2, 2016

Puration, Inc. (PURA) and Colorado based Spanish Peaks ScrumpDelicacies today announced entering into a $1 million collaboration agreement to produce and co-market THC and CBD infused beverages.  The agreement is the first of three anticipated agreements with food and beverage companies to be announced in the coming weeks by Puration.

Puration utilizes a highly refined cannabis extraction process to deliver consistent and high-quality cannabis extracts. Puration last week announced an independent lab test certifying Puration CBD extract at 98% purity . The Company's business strategy is to develop collaboration agreements with food and beverage companies to co-market food and beverage products infused with Puration's cannabis extracts. Puration has published a business plan with a $3 million ">revenue forecast on the Company's website.

Spanish Peaks ScrumpDelicacies is a venture backed startup dedicated to building cannabis consumer product production capacity in the Southern Front Range Region of Colorado.  After the Southern Colorado Town of Walsenburg was featured in a USA TODAY report last year as a potentially ideal region for the evolving cannabis industry yet underserved by the investment community, the Spanish Peaks ScrumpDelicacies initiative was born.  

Together the two companies plan to develop a line of THC and CBD infused beverage products for the consumer market to be sold where law currently permits.  The cornerstone of the collaboration agreement and the first year budgeted $1 million sales objective is founded on an affiliated distribution partnership.

To learn more about Puration: http://www.purationinc.com

Follow Puration on Twitter: https://twitter.com/Puration710