Breaking CBD News: Pressure BioSciences
(OTCQB: $PBIO) Announces Closing of Uncle Bud's Acquisition in All-Stock
Transaction, Completing UltraShear Nanoemulsions Forward Integration with World
Class Marketing & Sales; @ir_pressurebio
Merged Companies Will Introduce Revolutionary New Product Capabilities
Across Multiple Major Market Sectors, Expecting 2024 Revenues of Over $10
Million, Then Accelerating in Future Years
SOUTH
EASTON, Mass. - January 22, 2024 (Investorideas.com Newswire) Pressure
BioSciences, Inc. (OTCQB: PBIO) ("PBIO" or the "Company"), a pioneer in the
development and distribution of broadly enabling pressure-based instruments,
consumables, and specialty process development and testing services across
global industries, including nutraceuticals, food and beverage, health and
wellness, cosmetics, biotherapeutics, and more, today announced the closing of
its acquisition of natural health and wellness leader Uncle Bud's
("UB") in an all-stock transaction. Incorporating UB's 70+ already
popular products, 865K member on-line community, existing sales channels online
and with leading large retailers, enviable celebrity spokesperson
relationships, and invaluable experience building successful consumer products
businesses, PBIO will leverage and integrate the Company's revolutionary
UltraShear™ technology (UltraShear™ or UST™) platform for further improved
nanoemulsified products that deliver industry-leading speed of action,
effective dosing payload delivery, and long-term stability. With these unique
product improvement and differentiation capabilities, PBIO intends to redefine
the basis of competition in multiple major market sectors, and to become a
leading provider of topicals and other consumer products.
Read this news, featuring PBIO in
full at https://www.investorideas.com/news/2024/cannabis/01221PBIO-Uncle-Bud-Acquisition-UltraShear-Nanoemulsions.asp
Toni Braxton
Multi-award-winning singer,
songwriter, actress, and long-term Uncle Bud's advocate and spokesperson.
Transaction Terms
Under the terms of the transaction,
PBIO acquired all assets and assumed selected liabilities of UB. In addition,
the parties agreed to an earnout for additional shares of PBIO Common Stock
based on the achievement of revenue and pre-tax income results in 2024. Upon
closing, all employees of UB became employees of PBIO and UB became the
Consumer Products Business Unit of PBIO. More definitive transaction terms will
be included in the Company's upcoming SEC filings.
Significance of the Transaction
- The transaction is expected to be immediately accretive and a major
accelerator to PBIO's top line revenue growth.
- The combined companies will be ideally positioned to attract new
growth investment, rapidly strengthen their balance sheet, accelerate
PBIO's path to profitability in 2024, and catalyze our drive to uplist to
NASDAQ/NYSE.
- The co-founders/senior management of UB are experts in branding,
celebrity spokesperson management, and online and retail multimedia
marketing.
- UB will rapidly incorporate PBIO's best-in-class Nano-CBD into
their already highly renowned and successful CBD products, for new market
breakaway potential!
- Senior management of UB and PBIO are already planning a dozen new
products that they believe could be formulated and released in 2024, just
using PBIO's existing UltraShear processed Nano CBD.
- UB markets and sells many products in the health & wellness
area that are unrelated to Hemp and CBD.
- UB has an ongoing partnership with multi-Grammy award-winning Toni
Braxton as a highly successful marketing ambassador - and Toni has
announced that she is excited to continue as a PBIO/UB spokesperson going
forward.
- UB has been featured, as well as their
hemp and CBD products, in an extensive variety of high profile news
outlets and magazines online over the past several years: https://www.unclebudshemp.com/press/.
Expected Financial Impact
PBIO's President and CEO, Richard T.
Schumacher, summarized: "This transaction combines the existing momentum
and ready market execution power of Uncle Bud's with the pivotal scientific and
product breakthrough of the UltraShear nanoemulsions processing platform for
record-setting product performance and long-term stability. In 2024 alone, we
are forecasting a 5-fold leap forward in PBIO revenues to over $10 million, but
this is only a steppingstone towards revolutionary impact and sales growth that
we expect to achieve across the nutraceuticals, cosmeceuticals, skincare,
food/beverage, agrochemical, and other major markets in the following
years."
Jeffrey N. Peterson, PBIO's Chairman,
added: "Our Board and leadership team have carefully sought out this
strategic combination of Uncle Bud's marketing skill and power to combine with
PBIO's world class scientific innovation team. Specifically, this positions
PBIO with a fast forward integration capability that will allow us to
selectively set the timing and drive the pace of revolutionary change across
multiple major markets. This rapid growth engine provides a central platform to
leverage new growth capital, restructure and strengthen our balance sheet, and
complete our drive to uplist to a national stock exchange in 2024."
About Uncle Bud's
Officially launched in September 2018
with one hero product, Uncle Bud's has experienced unequivocal growth. As a
leader in the Hemp and CBD space, Uncle Bud's takes pride in being Made in
America, GMO Free, Cruelty Free and Leaping Bunny Certiļ¬ed. The full range
includes Hemp & CBD products for pain relief, skincare, personal care, and
even pet care - all retailing under $45. To learn more about Uncle Bud's visit
unclebudshemp.com as well as their associated Instagram: @UncleBuds_Hemp;
Facebook: @UncleBuds_Hemp and Twitter: @UncleBuds_Hemp.
About Pressure BioSciences, Inc.
Pressure BioSciences, Inc. (OTCQB:
PBIO) is a global leader in providing innovative, broadly enabling, high
pressure-based solutions for a range of industries, including biotechnology,
pharmaceutical, nutraceutical, cosmeceutical, and agrochemical, as well as food
and beverage manufacturing. Our products utilize both constant and alternating
pressure. Our patented enabling technology platform, Pressure Cycling
Technology (PCT), utilizes alternating cycles of pressure to control
bio-molecular interactions (such as cell lysis and biomolecule extraction)
safely and reproducibly. PCT-based products are beginning to be widely used for
biomarker and target discovery, drug design and development, biotherapeutics
characterization and quality control, soil & plant biology, forensics, and
counter-bioterrorism applications. We have recently expanded our market
opportunities with the acquisition of the BaroFold™ patented technology
platform, allowing us to enter the bio-pharma contract services and GMP
manufacturing equipment sector. We have also developed the scalable and
high-efficiency pressure-based UltraShear Technology™ (UltraShear™) platform,
which allows for the creation of stable nanoemulsions of otherwise immiscible
fluids. It also allows for the preparation of higher quality, homogenized,
extended shelf-life or room temperature-stable low-acid liquid foods that
cannot be effectively preserved using existing non-thermal technologies. Our
commitment to innovation and cutting-edge technology has established PBIO as a
leader in the high-pressure industry, providing unique and effective solutions
to our customers.
Forward Looking Statements
This press release contains
forward-looking statements. These statements relate to future events or our
future financial performance and involve known and unknown risks, uncertainties
and other factors that may cause our or our industry's actual results, levels
of activity, performance, or achievements to be materially different from any
future results, levels of activity, performance or achievements expressed,
implied, or inferred by these forward-looking statements. In some cases, you
can identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "would,"
"expects," "plans," "intends,"
"anticipates," "believes," estimates,"
"predicts," "projects," "potential" or
"continue" or the negative of such terms and other comparable
terminology. These statements are only predictions based on our current
expectations and projections about future events. You should not place undue
reliance on these statements. In evaluating these statements, you should
specifically consider various factors. Actual events or results may differ
materially. These and other factors may cause our actual results to differ
materially from any forward-looking statement. These risks, uncertainties, and
other factors include, but are not limited to, the risks and uncertainties
discussed under the heading "Risk Factors" in the Company's Annual
Report on Form 10-K for the year ended December 31, 2022, and other reports
filed by the Company from time to time with the SEC. The Company undertakes no
obligation to update any of the information included in this release, except as
otherwise required by law.
For more information about PBIO,
Uncle Bud's, and this press release, please click on the following website
links:
http://www.pressurebiosciences.com www.unclebudshemp.com
Please visit us on Facebook, LinkedIn, and Twitter.
Press Contacts
Richard T. Schumacher, President
& CEO (508) 230-1828 (T)
Jeffrey N. Peterson, Chairman (650) 812-8121 (T)
Bruno Schiavi, President, PBIO Consumer Products (508) 230-1828 (T)
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