Puration and PAO Group have made plans to partner with UC Asset LP to construct a cannabis extraction lab.
A letter of intent outlining the terms to finance the construction on PURA's 72-acre property in Texas has been entered by UCASA and Pura. Furthermore, UCASA has also stated that they plan to finance PURA's partners in the Farmersville Hemp Brand, of which the new construction will be part.
The Farmersville Hemp Brand is a "hemp industry-wide strategic initiative to collectively market for multiple hemp growers and processors under a single brand name," PURA stated earlier.
UCASU’s plans with PURA come in conjunction with UCASU’s recently announced overall strategy to enter the cannabis real estate market. A definitive agreement between UCASU and PURA is anticipated to be completed this week.
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