08 Jun 2020 --- Puration Inc. (PURA) has acquired an unnamed cannabidiol (CBD)-infused sun care product business in a bid to enter the CBD branch of the sun care market, which as a whole, is valued currently at US$8.5 billion and forecasted to grow further. The move marks the third acquisition for PURA within a year, as the CBD company also seeks to enter the CBD-infused beverage, edible and topical businesses. PURA says it has launched a campaign targeting “creative and promising young companies starved for investment in the cannabis capital market.” Previously, PURA also acquired a CBD confections company and a CBD pet products company.
