NOUV is expanding its conventional Texas based nursery operation into a major hemp farming operation.
DALLAS, July 05, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Puration, Inc. (USOTC: PURA) (”PURA”) and Nouveau (USOTC: NOUV) (“NOUV”) management today confirmed an online update scheduled for release next week, on Tuesday, July 9th, 2019.
PURA spun off its Texas based cannabis cultivation operation that concentrates on growing hemp to NOUV late last year. The spinoff deal includes a dividend of NOUV stock to be issued to PURA shareholders.
Similar to Village Farms in West Texas, a major tomato farming outfit the produces for H-E-B, Tom Albertsons and Walmart, NOUV is expanding its conventional Texas based nursery operation into a major hemp farming operation.
The global industrial hemp market is anticipated to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025. PURA and NOUV are making substantial progress toward the acceleration of the NOUV stock dividend to be issued to PURA shareholders in conjunction with PURA’s cannabis cultivation operation.
Learn the latest on the upcoming dividend after NOUV publishes updated financials on Monday, July 8th, 2019 and PURA and NOUV management publish an online management update on Tuesday, July 9th, 2019.
PURA Speculative Buy Recommendation and $0.25 PPS Target w/Potential to $0.35