DALLAS, January 5, 2017 /PRNewswire/ --
Puration, Inc. (OTC: PURA) and ML Capital Group (OTC: MLCG), in partnership with Spanish Peaks ScrumpDelicacies, today announced plans to work together to introduce a Cannabis Tourism Service Offering into Colorado's $19.1 billion tourism industry.
Yesterday, MLCG announced a letter of intent to acquire Spanish Peaks Scrumpdelicacies. MLCG is an experienced luxury travel operator. The Company's flagship tour service offering, Platinum Tours of Maui, is well established within the Hawaiian luxury travel market. MLCG will leverage the Spanish Peaks ScrumpDelicacies acquisition to launch a new, specialty tourism sector focused exclusively on cannabis-related travel experiences.
PURA recently published a confirmation and update of its $1 million collaboration agreement with Spanish Peaks ScrumpDelicacies. Earlier this year, PURA and Spanish Peaks entered into a collaboration agreement to produce a line of cannabis Infused beverages.
"Consider the vineyard tours in Napa Valley or Tuscany; Picture the distillery tours in Scotland or the brewery tours in Bavaria," said Kevin Bobryk, CEO of ML Capital Group. "I think now you might have an idea of the magnitude of the opportunity we plan to build into Colorado's $19 billion travel market with the help of Spanish Peaks and Puration."
The Puration CEO, Brian Shibley added, "I am very focused on generating opportunity where Puration can sell its gold standard cannabis extract. We're already working with Spanish Peaks to infuse our cannabis extract into Spanish Peaks' beverages. Now consider that nearly 25% of Napa Valley wines - almost $1 billion in wine sales - are sold to customers directly at the vineyards. That's selling wine to tourists. Needless to say, Puration is enthusiastic about participating in a partnership with Spanish Peaks and ML Capital Group."
On Tuesday, January 10, Puration, ML Capital Group and Spanish Peaks will jointly publish an online, on-demand presentation highlighting the strategy to bring luxury cannabis tourism to Colorado.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE Puration, Inc. & ML Capital Group