San Francisco, California, July 01, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”), announces today that the company has contracted to build its cannabis extraction systems for one of the west coast premier cannabis technology firms.
Chairman Richard Hylen stated, “Currently our subsidiary Proscere Bioscience has completed its testing and will move forward with manufacturing the pending extraction systems and initial $20M in orders; we are now contracted to manufacture systems for a company based in Northern California that services the cannabis grower on the west coast. We are anticipating 3rd quarter revenues of $3M that will demonstrate our projectile of $200M over the next 5 years. We have a new team of cannabis experts and technology that will allow our company to benefit in revenue growth for our shareholders.”
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