Puration Exploring Acquisition of Cannabis Edible, Topical Operations
Company plans to make offer for Kali-Extracts' CBD confections business.
Puration, Inc. is exploring adding cannabis edible and topical operations to its current acquisition targets.
The company recently revealed plans to pursue consolidation opportunities in the cannabis market by acquiring smaller cannabis infusion companies. Multiple cannabis investment market analysts have forecasted a marketwide consolidation as larger cannabis sector firms acquire smaller firms.
In addition to exploring the acquisition of other cannabis-infused beverage operations, Puration has also publicly begun exploring the acquisition of Kali-Extracts' CBD confections business. Puration anticipates making a formal offer to KALY within the next 10 days.
In reaction to Puration’s evaluation of the prospective opportunity to fold KALY's CBD confections business into its operations, the company sees a substantial opportunity in acquiring additional cannabis edible businesses. The edibles expansion analysis led to the prospective evaluation of similarly pursuing cannabis topical acquisitions. Puration is now actively building an acquisition pipeline of cannabis infused beverages, edibles and topicals.
Puration currently produces the leading CBD beverage in the sports nutrition market, EVERx CBD Sports Water. EVERx now has distribution in Europe, Latin America and Africa in addition to within the United States.