Puration, Inc. (USOTC: PURA) today confirmed that the terms of the acquisition of PURA’s cannabis cultivation spinoff by PAO Group, Inc. (USOTC: PAOG) include a dividend distribution of PAOG stock to PURA shareholders. The target dividend ratio is for each PURA shareholder to receive one share of PAOG stock for each share of PURA held. The PURA and PAOG transaction is anticipated to be executed by the end of July.
PAOG also intends to acquire NCM Biotech from Kali-Extracts, Inc. (KALY). NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process.