Teleconference Information
- Format: Company presentation followed by Q&A.
- Date:
Monday, February 5, 2024 .4:30pm ET (US). - Call-in Number: 888-267-2918 (code: 973092).
- Replay: PBIO.Replay.020524
Transaction Significance
- Transaction is expected to be immediately accretive and a major accelerator to PBIO’s top line revenue growth.
- Combined companies will be positioned to attract new growth investment, rapidly strengthen the balance sheet, accelerate PBIO’s path to profitability in 2024, and catalyze PBIO’s drive to uplist to NASDAQ/NYSE in 2024.
- UB leadership are experts in branding, spokesperson management, and online/retail multimedia marketing.
- UB will rapidly incorporate PBIO’s best-in-class Nano-CBD into renowned and successful CBD product lines.
- Senior management of UB/PBIO plan a dozen new nanoemulsion products for commercial release in 2024.
- UB already markets and sells many products in health & wellness that expand well beyond Hemp and CBD.
- UB continues building ongoing partnership with multi-
Grammy award-winningToni Braxton – highly successful marketing ambassador leaps to embrace combined PBIO/UB as continuing spokesperson. - UB enjoys strong following for leading hemp and CBD products, in extensive variety of high profile news outlets and magazines online over many years: https://www.unclebudshemp.com/press/.
- UB currently boasts 70+ products, 865K on-line members, and enviable sales channels with leading large retailers.
Expected Financial Impact
- Acquisition combines existing momentum and ready market execution power of Uncle Bud’s, with revolutionary product breakthroughs in absorption and speed of action, enabled by PBIO’s UltraShear nanoemulsions platform.
- PBIO forecasts Uncle Bud’s
$1.6 million 2023 revenue tripling to approximately$5 million in 2024. - PBIO forecasts a 5-fold catapult forward in total Company revenues to approximately
$10 million in 2024.
Transaction Terms
Please refer to the Form 8K filed on
About Uncle Bud’s
Launched in 2018 with a trailblazing hemp-based Pain Relief product, Uncle Bud’s has rapidly captured an innovative leadership role in the Hemp Seed Oil, Cannabidiol (CBD), and the broader Health & Wellness industry. The Uncle Bud’s brand is revered for its unwavering commitment to domestic manufacturing excellence, setting benchmarks for its organic, preservative-free, non-GMO standards and its ethical cruelty-free practices. Uncle Bud’s is dedicated to the highest-quality formulations and to continuous improvement, guided by the latest scientific research and development innovations – including the revolutionary performance breakthroughs delivered by PBIO’s patented UltraShear™ processing platform. Uncle Bud’s diverse product portfolio addresses an ever-broadening spectrum of consumer needs, encompassing pain relief, sophisticated skincare solutions, personal wellness and athletic recovery products, and specialized pet care items. Learn More: www.unclebudshemp.com * Follow On Social Media: @UncleBuds_Hemp.
Pressure BioSciences, Inc.
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
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: | |
(508) 230-1828 (T) | |
(650) 812-8121 (T) | |
(508) 230-1828 (T) | |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7844b267-1f8b-4f04-b902-41f51eb7122c
UltraShear CBD Body Revive Spray
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