Pura Naturals, Inc. (OTC Pink: PNAT) makes health and beauty products using a proprietary foam technology. Shares surged 34.29% on Thursday, January 3, 2019. Over the past month, Pura has seen an average daily volume of 3,897,960 shares. However, on Thursday, 12,564,869 shares traded hands, equating to $59,000 in dollar volume.
Shares jumped Thursday after Pura Naturals announced it has entered into a strategic alliance agreement with Freedom Leaf, Inc. (OTCQB: FRLF). Under the agreement, Freedom Leaf will supply Pura with CBD for its CBD-containing health and beauty product lines. In exchange, Freedom Leaf will receive royalties for the Pura products containing their CBD and payment for the marketing, distribution, and sales work Freedom Leaf plans to assist with. Robert Doherty, Pura’s CEO and Chairman of the Board, commented, “Our agreement allows us to expand our facial and body sponge and soap product lines to include CBD. Joining forces with a strong placeholder like Freedom Leaf is a tremendous advantage.” Here is the full press release detailing the agreement:
Pura Naturals, Inc. Press Release:
LAKE FOREST, Calif. and LAS VEGAS, Jan. 3, 2019 /PRNewswire/ — Pura Naturals, Inc. (OTC-PINK:PNAT) (“Pura”), makers of eco-friendly earth-conscious health and beauty products, and Freedom Leaf, Inc. (OTCQB:FRLF) (“Freedom Leaf”), parent company of leading CBD health and wellness brands Leafceuticals, IrieCBD and Hempology, today jointly announced a Strategic Alliance Agreement between the companies.
On December 20, 2018, Pura and Freedom Leaf entered into a Strategic Alliance Agreement where Freedom Leaf will supply CBD to Pura as part of Pura’s health and beauty line of products that contain CBD. The Pura Health and Beauty Line will feature “IrieCBD Inside” with Freedom Leaf, Inc. receiving a royalty. Freedom Leaf will also assist with marketing, distribution and sales of Pura’s products and receive a fee for this work.
Robert Doherty, C.E.O and Chairman of the Board of Pura, states, “We are excited about Pura’s relationship with Freedom Leaf. Our agreement allows us to expand our facial and body sponge and soap product lines to include CBD. Joining forces with a strong placeholder like Freedom Leaf is a tremendous advantage.”
Clifford J Perry, C.E.O. and Member of the Board of Directors of Freedom Leaf, adds, “Freedom Leaf is happy to provide our CO2 extracted CBD to Pura Naturals for inclusion in their new health and beauty line of products. We are always looking for methods of increasing the reach of our IrieCBD brand.”
About Pura Naturals
Pura Naturals makes health and beauty products using a proprietary foam technology. The foam technology was developed in response to the gulf oil spill. The revolutionary foam absorbs oils while repelling water and inhibiting bacteria growth and odors. The earth conscious company prides itself on its plant-based products made from renewable resources with no petroleum by-products. Pura Naturals products are sold at CVS Pharmacy, Ingles Markets, Kroger, Meijer, Sprouts Farmers Market, Target, Walmart and Whole Foods Market nationwide. Further information can be found at www.puranaturalsproducts.com.
About Freedom Leaf
Freedom Leaf, Inc. (OTCQB:FRLF) is a diversified, global leader in plant-based care providing premium Hemp CBD health products across advanced care, consumer and pet markets to promote greater health, wellness and longevity. FRLF is a clean health company establishing a new standard in care with plant-based products designed to naturally restore, revitalize and strengthen bodies and minds. FRLF’s consumer promise of “your health first” underscores its universal commitment to produce premium quality HEMP CBD health products. For more information go to www.freedomleafinc.com.
FRLF is a diverse enterprise of branded business lines dedicated to meeting the needs of people who face health challenges and those who are healthy. Freedom Leaf Leafceuticals is the company’s most advanced product line for health care practitioners, caregivers and patients. IrieCBD and Hempology are the company’s flagship lines of premium full spectrum Hemp CBD products rich in CBD’s, terpenes and flavonoids integrated with potent health botanicals. The company is launching a THC-free line of Hemp CBD health products under the NatureBorn brand, and developing performance CBD beverage and CBD beauty product lines.
For over 30 years, the founders of FRLF fought for citizen rights to access plant-based care, and pioneered premium hemp health products as a first step to clean health. Today, FRLF produces premium hemp products from seed to shelf using proprietary, science-backed formulations and rigorous product testing. FRLF is a socially conscious, vertically-integrated company maintaining the highest standards in quality and safety, with a focus on continual innovation to deliver ever-better plant-based care products.
Article By: Andrew Rego