Pressure BioSciences Inc (OTCQB:PBIO), which is merging with Cannaworx Inc and SkinScience Labs Inc to become Availa Bio, announced Tuesday that Cannaworx is expanding its sales and distribution network by signing a letter of intent to acquire Louisiana-based Five Leaf Labs (FLL). The company said the expansion comes at a “critical time” for Cannaworx as it is gearing up for the market launch of its first two products over the coming few weeks. In a statement, Five Leaf Labs founder and president Keyon Janani said the company’s hemp-derived, CBD products are made exclusively from organic, pesticide-free hemp. “All existing and pipeline products are focused entirely on the medicinal properties of CBD. We recently released our first set of CBD-infused products to the US market, which were greeted with excellent, widespread acceptance,” Janani added.
Read the full article: Pressure BioSciences Says Cannaworx in Potential Deal to Acquire Five Leaf Labs in Louisiana //
Source: https://www.proactiveinvestors.com/companies/news/919979/pressure-biosciences-says-cannaworx-in-potential-deal-to-acquire-five-leaf-labs-in-louisiana-919979.html