$PBIO CBD and other cannabinoids are extracted fro
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Kenneth F. Micciche, Director of PBI's UST Program, said: "We processed samples of CBD oil formulations from several highly interested companies over the past two months, in an effort to optimize the service we announced today. The results speak for themselves: one group (Vegas CBD Factory) ordered six BaroShear K45 systems (for Q4 2020 delivery and installation). We believe several more companies who participated in the early evaluation process are close to giving us their purchase orders. The ability to showcase the UST platform in real life, and see the final product first-hand, has been shown to be vital to our marketing efforts. As has been said in the past: 'build it and they will come'. The opening of the UST Demo Lab is a critical accomplishment in our UST sales and marketing strategy."
Richard T. Schumacher, President and CEO of PBI commented: "The initial reactions from manufacturers of topical and ingestible cannabidiol products processed in our lab during the trial period have been extremely positive. They quickly saw how they could realize substantial cost reductions while eliminating the overloading of poorly water-soluble CBD and other cannabinoids into products to achieve targeted dosing levels. We believe our breakthrough technology platform provides them with a new-found ability to provide safe and effective dosing for their customers, which in turn should stimulate greater growth in the market for CBD-based products overall, and strong sales of our BaroShear product line when it is released to the market later this year."
https://www.bloomberg.com/press-releases/2020...n-k74rslpe