Grass Valley, CA - (NewMediaWire) - March 13, 2019 - Simlatus Corporation (OTC PINK:SIML) (“Simlatus” or the “Company”), the company announces that its CBD division, Proscere Bioscience, has scheduled closing dates on or before March 31, 2019 for distribution in Canada, USA and Europe of its Cold-Water CBD Extraction Systems.
Proscere Bioscience manufactures and distributes commercial cold-water CBD extraction systems. This advanced method and technology is highly effective in producing medical-grade CBD used to help people suffering with a wide range of ailments: from treating pain, inflammation, infections, sleep issues and mood disorders. CBD is also proven to support the immune system, protects the brain and fights cancer. Proscere Bioscience’s commercial cold-water CBD extraction system is expected to yield $225M over the next 5 years, based upon expected growth and application.
Richard Hylen, Chairman and CEO, stated, “We are on target for Europe, and we are negotiating contracts for Canada and the USA. The market for this technology is wide open considering that we have the only commercial grade cold-water CBD extraction system with our technology. Our European target is the large pharmaceutical companies. Our commercial cold-water CBD extraction system retail price is $775,000 and is expected to yield $225M over the next 5 years, based upon expected growth and application.”
Safe Harbor for Forward-Looking Statements: This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Contact: Richard Hylen, CEO Tel:(530) 205-3437