Puration Inc (OTCMKTS:PURA) on April 28, 2022, announced that the firm is anticipating revenue growth to surge post the implementation of the firm’s recently announced cryptocurrency carbon credit plan.
Market Reaction
On Thursday, PURA stock ended flat at $0.0070 with more than 5.61 million shares, compared to its average volume of 5.23 million shares. The stock moved within a range of $0.0068 – 0.0075 after opening trade at $0.0073.
PURA Anticipates Industrial Hemp Business Revenue Acceleration With Cryptocurrency Carbon Credit Plan
The company is continuing to develop three synergistic lines of revenue. It is making revenue from the hemp education offerings focusing on helping clients include hemp as part of the business offerings for improving profits. Furthermore, it is also developing Co-Op revenue under the Farmersville Hemp Brand, by partnering with hemp growers and processors selling under the brand. Lastly, the company is developing significant and strategic investment revenue through equity participation in related businesses.
It is also making Farmersville Hemp Brand a multi-industry disruptor to ameliorate existing services and products. At the same time, it will contribute to 2050 sustainability objectives.
The company also has a number of disruptive initiatives underway including projects in pharmaceutical, construction, and cryptocurrency markets. The firm also came out with the details behind its cryptocurrency initiative for connecting hemp growers with income potential from the carbon sequestering benefit of hemp cultivation.
The management is expecting the cryptocurrency carbon credit initiative to grow significantly in the coming year. Customers can access the company’s website for more information.
Traders Review
PURA stock is trading below the 20-Day and 50-Day Moving averages of $0.0079 and $0.0084 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0111.
