NetworkNewsBreaks – Pressure BioSciences Inc. (P
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Pressure BioSciences (OTCQB: PBIO) (“PBI”), a developer of innovative solutions for the worldwide life science and other industries, has set in motion plans to purchase the assets of an internationally-based, eco-friendly agrochemical developer. An article about PBI’s recent announcement quotes Mr. Richard T. Schumacher, president and CEO of PBI, as saying, “Upon completion, this acquisition of assets will bring into PBI an established portfolio of respected brand names in the eco-friendly agrochemicals market… We expect these assets to be accretive, driving significant new revenues and profitability in 2021 and beyond.” The move comes on the back of increased food production globally, making environmental sustainability a huge concern. The article further reads, “This has paved the way for a new generation of environmental-friendly agrochemicals. Consequently, the worldwide market for pesticides should reach $131B by 2023, and fertilizers should reach $232B by 2025.”
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