Pressure Biosciences Inc (PBIO)

[Louied91]

$PBIO Pressure BioSciences and Master Distributor Canopy CBD Farms Announce Major Increase in UltraShear Nanoemulsion Platform Pipeline

https://www.accesswire.com/770411/Pressure-BioSciences-and-Master-Distributor-Canopy-CBD-Farms-Announce-Major-Increase-in-UltraShear-Nanoemulsion-Platform-Pipeline

Rapid Q3/Q4 2023 Sales Growth Forecasted from North American Cannabis Retailers and Wholesalers

SOUTH EASTON, MA / ACCESSWIRE / July 26, 2023 / Pressure BioSciences, Inc. (OTCQB:PBIO) ("PBIO" or the "Company"), a global leader in the development and sale of broadly enabling, high-pressure-based equipment, consumables, and specialty testing services to the worldwide nutraceuticals, cosmeceuticals, biotherapeutics, food/beverage, and other industries, announced today that Canopy CBD Farms LLC ("CCF"), the Company's Master Distributor for Cannabis Products in North America, has reported a significant increase in the pipeline of retailers and wholesalers engaged in negotiations for PBIO's UltraShear-processed nanoemulsions of CBD, THC, and other cannabinoids. One week ago, the Company entered the rapid expansion phase of its UltraShear Nano-CBD commercialization program (Phase 2). Working with the Company, CCF increased its short-term pipeline to over a dozen companies with strong interest in contracting for access to UltraShear nanoemulsified hemp and cannabis-derived products. CCF expects that half of these companies will generate purchase orders for UltraShear products/services over the next two weeks; the rest are expected to contract for UltraShear-processed products in a month.

Mr. John Westlake, President of CCF, emphatically stated: "There is a high level of excitement and interest in UltraShear-processed CBD nanoemulsions derived from hemp. Many customers now understand the clear advantages of the UltraShear platform and have been anxiously awaiting the transition to Phase 2, which would allow them to order UltraShear processed products. We believe the dozen companies added this week to our contracts pipeline are just the tip of the iceberg. We also believe that our contracts pipeline number will grow significantly as we transition further into commercialization Phase 2."

Mr. Westlake continued: "CCF is proud to announce that one of the most respected Key Opinion Leaders in the cannabis industry, John MacKay, Ph.D., has agreed to support CCF in a technical role. Dr. MacKay's experience and expertise is invaluable. He will help drive the adoption of the UltraShear platform through solid science and strong business acumen. We are honored to partner with Dr. MacKay as we pioneer the UltraShear platform release to the growing cannabis industry."

As the founder and CEO of Synergistic Technologies Associates, Dr. MacKay will leverage his more than 40 years of commercial and academic expertise to advance acceptance of the UltraShear platform in the cannabis industry. Dr. MacKay's perspective coupled with his extraction, separation, and formulation expertise will be valuable to all of PBIO and CCF's prospective cannabis industry business partners, ultimately benefiting the end users of UltraShear nanoemulsified cannabinoids. John MacKay (thecannabisscientist.com).

Six of the more exciting examples of opportunities being developed and negotiated by CCF are highlighted below, with deal closures expected over the coming days and weeks:

Research agreement with highly-respected MA company to evaluate quality of THC and CBD nanoemulsions.
Standing order for white label CBD spray bottles with a renowned Massachusetts dispensary.
Formulation agreement with specialty manufacturer and distributor of premium Phyto cannabinoid ingredients.
Product formulation and white label bottle contract with a well-known, hemp-based, global products cGMP manufacturer in the Mountain Region of the U.S.
Formulation and nanoemulsion ingredients supply to a Massachusetts-based cannabis beverage manufacturer.
White label contract with a large, mid-west, MS operator to market and sell PBI's unique Nano-CBD topical spray.
Mr. Richard T. Schumacher, President and CEO of PBIO, stated, "We are encouraged by the results from our partner CCF in their recent aggressive marketing of the UltraShear platform to new geographical areas and companies. It is exciting to see the expanding interest generated, which we believe will manifest itself in rapidly increasing revenue in Q3/Q4 2023."

Mr. Schumacher concluded: "With recent advances in our technology base, and in our current UltraShear commercialization roll-out, we believe PBIO's future has never been brighter. We are highly disappointed in the Company's stock price, which we believe in no way reflects PBIO's present worth nor its future potential. As evidence of management's faith in PBIO's future, Jeff Peterson (Chairman) and I have committed a large part of our personal net worth to PBIO. As evidence of our staff's faith in PBIO's future, and upon the request of multiple employees, efforts are being made to institute an employee stock purchase plan to facilitate share acquisition by the staff. During my professional career, I have priorly founded/co-founded three successful public companies, yet in my opinion, none had close to the potential that we now have in PBIO."