Puration, Inc. (USOTC: PURA) today announced closing on a $5 million investment to fund the prospective acquisition of cannabis infused beverage, edible and topical operations. The $5 million investment is structured as debt facility whereby funds can be drawn as needed to fund acquisitions. The drawn funds would be secured by the acquired asset and the debt can be repaid in stock at $0.10 per share. PURA management anticipates making its first formal acquisition offer later this week.
For more information on Puration, visit http://www.purationinc.com