Pressure Biosciences Inc (OTCMKTS: PBIO) is a stock that should be on your watchlist this morning as a slew of news starts to hit the tape. Just yesterday, the company announced plans to acquire Cannaworx. Today, the excitement among investors is likely to continue with news of yet another planned acquisition breaking.
PBIO Stock Could Be A Big Play On SkinScience Labs Acquisition
In the press release, Pressure BioSciences said that it plans on acquiring SkinScience Labs. The company said that it has entered into a letter of intent with the company, which so happens to be the parent company of the award-winning Dr. Denese skin care and anti-aging product lines.
In the release, the company said that the acquisition will take place through Cannaworx, the company that PBIO said it would be taking over yesterday.
The company also said that moving forward, the Dr. Denese SkinScience product lines will liverage its Ultra Shear Technology, also known as UST. This will help to improve the quality of these already high-quality products.
In a statement, Mr. Richard T. Schumacher, President and CEO at PBIO, had the following to offer:
The Dr. Denese SkinScience brand has reached top performing status on QVC for a skin care line, selling over 25 million units and receiving multiple QVC customer choice beauty awards. Adrienne’s tremendous brand recognition, regularly repeating customer base, and major existing sales momentum brings immediate accretive impact into the PBI portfolio – and we know that our UST nanoemulsions will create powerful new leverage and opportunities for her expanding product lines. Our team has worked very hard to bring this pivotal transition together for PBI and its shareholders, and we are very excited about the prospects for growth and value appreciation in our combined companies going forward.
Why This Is Such Big News
It’s clear that Pressure Biosciences is making big moves at the moment. First and foremost, Dr. Adrienne Denese is an industry leader in the field of scientific skin care breakthrough tech. She is an accomplished doctor, businesswoman, and skin care visionary, and this aquicition brings her expertise to the company.
Not to mention, the products involved in the acquisition have the potential to be blockbusters. In fact, over the past 17 years, these products have been top sellers on QVC. In 2018, $18 million worth of these products were sold bringing total sales to more than $500 million over the past 17 years.
The bottom line here is that PBIO is using its proprietary technology to take an already strong line of products and make it better. That should earn the stock some serious attention.
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