InvestorsHub Logo
Followers 95
Posts 11597
Boards Moderated 0
Alias Born 12/27/2011

Re: Nistel post# 56475

Monday, 09/23/2019 12:58:55 PM

Monday, September 23, 2019 12:58:55 PM

Post# of 70693
The company is current in it's SEC reporting and underwent a major change in management last fall. Early in the year they acquired Proscere Bioscience and signed exclusive distribution agreements in late spring to sell their patented cold water extraction systems for millions in potential revenue. I'm willing to wait and see if these moves are fruitful. It's just too early to tell. In the meantime, I feel the company is worth a small investment which could pay off big if they're able to execute on their PR's. Their new CEO has impressive credentials with Viacom. I don't think he'd want to retire on a scam.

What’s Behind the Recent Fireworks in Simlatus Corp (OTCMKTS:SIML)?

“On March 29, 2019, the Board of Directors approved the Company and its subsidiary, Proscere Bioscience Inc., to enter into a Distribution Agreement with United Opportunities, LLC allowing the rights to sell the Cold-Water Cannabis/Hemp Extraction Systems within all of Canada and Europe. The term of the agreement is for five years with guaranteed minimal purchase orders of $35,000,000 per year and/or $175,000,000 over a five year period.”...

...Proscere Bioscience manufactures the first commercial industry standard cold-water CBD extraction system for medical grade cannabis utilization, along with their aeroponic commercial grade technology control containers for government food-safety programs, commercial and medical grade CBD.




Les