$PBIO As recently announced, Cannaworx Inc., Skin Science Labs, and Pressure BioSciences, Inc. have agreed to merge into a new company that will be named Availa Bio (Click Here). Avail Bio will have an opening IP portfolio of 31 issued and many more pending patents, an existing worldwide base of hundreds of corporate and thousands of retail customers, and existing revenue from multiple products already on the market. Availa will be led by Mr. Jim Morrison (Click Here), the former President of L'Oreal, Sexy Hair, StarShop, and Graham Webb. Mr. Morrison is universally regarded as one of the top brand strategists in the personal care space worldwide.
The Letter of Intent between Cannaworx and SkinScience Labs, and the Letter of Intent between PBI and Cannaworx, Inc. are subject to certain closing conditions, including completion of all due diligence and acquisition financing. The Letter of Intent between Cannaworx and Five Leaf Laboratories is subject to completion of all due diligence.
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