Pressure BioSciences announced on January 11, 2024 the execution of a definitive agreement to acquire renowned natural health and wellness leader Uncle Bud’s. Today, the Company announced the beginning of summer season order filling with one of the globe’s leading retailers and a long-standing partner for Uncle Bud’s, with the shipment of a significant $252,000 order for its popular Sunburn Soother. Upon transaction closing, the combined company plans to become a leading provider of topicals and other consumer products containing oil-based active ingredients. The Company plans to leverage PBIO‘s patented UltraShear technology platform for nanoemulsification processing to improve many of these products, delivering unparalleled speed of action and effective payload bioavailability, in “green label” preservative-free products with unprecedented long-term stability. Ric Schumacher, President and CEO of PBIO, added: “As mentioned in the January 11th press release, we believe the integration of Uncle Bud’s into PBIO will be immediately accretive and a major accelerator to revenue growth, as evidenced by this $252,000 shipment only days after executing the APA. We expect dramatic growth in orders from our newly-formed Consumer Products Business Unit in the coming weeks and months, some far larger than the one just announced, concomitant with an equally impressive growth in orders from the core PBIO product line, specifically from UltraShear.”
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