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Colorado based Spanish Peaks ScumpDelicacies and Puration, Inc. (PURA) have entered into a $1 million collaboration agreement to produce and co-market THC and CBD infused beverages. 

Spanish Peaks ScrumpDelicacies is a venture backed startup dedicated to building cannabis consumer product production capacity in the Southern Front Range Region of Colorado.  After the Southern Colorado Town of Walsenburg was featured in a USA TODAY report last year as a potentially ideal region for the evolving cannabis industry yet underserved by the investment community, the Spanish Peaks ScrumpDelicacies initiative was born. 

Puration utilizes a highly refined cannabis extraction process to deliver consistent and high-quality cannabis extracts. Puration recently announced an independent lab test certifying Puration CBD extract at 98% purity.  The Company’s business strategy is to develop collaboration agreements with food and beverage companies to co-market food and beverage products infused with Puration’s cannabis extracts.  Puration has published a business plan with a $3 million revenue forecast on the Company’s website.

Together the two companies plan to develop a line of THC and CBD infused beverage products for the consumer market to be sold where law currently permits.  The cornerstone of the collaboration agreement and the first year budgeted $1 million sales objective is founded on an affiliated distribution partnership.

 

About

Puration is engaged in the development of standardized and repeatable cannabis extraction processes that can deliver a consistent and high-quality concentrate for infusion into consumer food and beverage products that appeal to the recreational and wellness market segments. 

The Company recently released details regarding the upcoming launch of an extraction facility in the State of Colorado where the extraction process can be utilized for both the ongoing development of cannabis treatments at the same time benefiting from the extraction and selling oil from marijuana into the legal recreational market in Colorado.

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