San Francisco, California, March 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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.”
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