Pressure BioScience (OTCQB: PBIO), a leader in the
development and sale of broadly enabling, pressure-based instruments,
consumables, and platform technology solutions to the worldwide biotechnology,
biotherapeutics, cosmeceuticals, nutraceuticals, and food & beverage
industries, on Tuesday announced that one of its two pending merger partners,
Cannaworx, Inc., is substantially expanding its sales and distribution network
through a letter of intent (“LOI”) to acquire Louisiana-based Five Leaf Labs
(“FLL”). FLL recently released its first set of CBD-infused products to the
U.S. market. “We attribute the success of our initial launch to both the high
quality of our hemp source supply and processing methods, and to the
effectiveness of our well-trained, knowledgeable and experienced network of
over 50 sales representatives spanning 21 states,” Five Leaf Laboratories
founder and president Keyon Janani stated in the news release. Cannaworx and
its principals have twelve products being prepared for market launch over the
next year, including two novel products that employ the company’s patented/patent
pending, full and partial spectrum, hemp-derived phytocannabinoid formulations
for pain relief. This acquisition is critically timed for Cannaworx, as it is
anticipating the market launch of its first two products over the coming weeks.
“From the day we met Keyon, we have been thoroughly impressed with him, the
rest of the FLL team, their innovative product line, and of course their very
strong and capable sales and distribution network. In addition, we are also
motivated by the compelling standards of quality that drive Keyon and his team.
For example, every product batch at FLL goes through rigorous third-party
review and certification for content, consistency, and potency, from one of the
most respected academic institutions in the U.S. We are pleased to be adding
Five Leaf Laboratories to the Cannaworx family,” Cannaworx co-founder and
president Dr. Bobby Ghalili stated in the news release.
To view the full press release, visit http://ibn.fm/lCV7J
About Pressure BioSciences Inc.
Pressure BioSciences is a leader in the development and sale
of innovative, broadly enabling, pressure-based solutions for the worldwide
life-sciences industry. The company’s products are based on the unique
properties of both constant (i.e., static) and alternating (i.e.,
pressure-cycling technology, or “PCT”) hydrostatic pressure. PCT is a patented,
enabling technology platform that uses alternating cycles of hydrostatic
pressure between ambient and ultra-high levels to safely and reproducibly
control bio-molecular interactions (e.g., cell lysis, biomolecule extraction).
PBIO’s primary focus is in the development of PCT-based products for biomarker
and target discovery, drug design and development, biotherapeutics
characterization and quality control, soil and plant biology, forensics and
counter-bioterror applications. Additionally, major new market opportunities
have emerged in the use of its pressure-based technologies in the following
areas: (1) the use of its recently acquired, patented technology from BaroFold
Inc. (the “BaroFold” technology) to allow entry into the biopharma contract
services sector, and (2) the use of its recently patented, scalable,
high-efficiency, pressure-based Ultra Shear Technology (“UST”) platform to (i)
create stable nanoemulsions of otherwise immiscible fluids (e.g., oils and
water) and (ii) prepare higher-quality, homogenized, extended shelf-life or
room-temperature, stable, low-acid liquid foods that cannot be effectively
preserved using existing nonthermal technologies. For more information, visit
the company’s website at www.PressureBiosciences.com.
NOTE TO INVESTORS: The latest news and updates
relating to PBIO are available in the company’s newsroom at http://ibn.fm/PBIO
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