DALLAS, October 4, 2016 /PRNewswire/ --
Puration, Inc. (PURA) and Alkame Holdings Inc. (ALKM) today announced entering into a collaboration that includes packing and distribution agreements, to develop and market CBD infused beverages, in addition to increasing distribution of existing Alkame products. The agreement is a further example of Puration's advancing cannabis extraction business plan further bolstering Puration's $3 million forecast.
Alkame Holdings Inc. is a consumer goods company specializing in brand development of health conscious beverage products, utilizing its patented water treatment technologies. The Company currently markets Alkame Water, a line of micro-clustered alkaline waters specifically designed for the health and wellness market segment. The agreement with Puration has been executed with Alkame's wholly owned subsidiary, Xtreme Technologies, Inc., a manufacturer and product development services company with a core focus on Hemp and CBD infused products.
Puration utilizes a highly refined cannabis extraction process to deliver consistent and high-quality cannabis extracts. The Company is developing collaboration and cross-marketing agreements with food and beverage companies infused with Puration's cannabis extracts.
Together the two companies plan to collaborate on the development and manufacturing of Puration's line up of CBD infused beverage products for the health conscious consumer market.
Through Puration's strategic partner, North American Cannabis Holdings, Inc. (USMJ) Puration has established a strategic distribution agreement to make Puration extract infused products available at retail outlets. Alkame Holdings and Puration's comprehensive agreement is structured to enhance sales of Alkame's existing product line through Puration's strategic distribution channel.
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About Alkame Holdings, Inc.
Alkame Holdings, Inc. is a publicly traded health and wellness technology holding company, with a focus on patentable, innovative, and eco-friendly consumer products. The Company's wholly-owned subsidiaries market and distribute enhanced waters utilizing an exclusive patented formula and technology to create water with several unique properties. The organization is diligently building a strong foundation through the launch and acquisition of appropriate business assets, and by pursuing multiple applications to utilize its Intellectual Property by placement into several emerging business sectors, such as the growing aqua-culture industry, consumer bottled water and RTD products, household pet products, horticulture and agriculture applications, as well as many other various water treatment solutions to both new and existing business platforms.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Brian Shibley, CEO
SOURCE Puration, Inc.