Spotlight Growth
No Result
View All Result
Saturday, March 25, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cannabis

Simlatus Corporation (OTC Pink: SIML) Skyrockets 257% After Announcing Acquisition of Proscere Bioscience, Inc. and the Exclusive Rights to Cold-Water CBD Extraction Technology

by admin
February 14, 2019
in Cannabis
0
Simlatus Corporation OTC Pink SIML Acquires Proscere Biosciences Cold Water CBD Extract Tech News

Simlatus Corporation OTC Pink SIML Acquires Proscere Biosciences Cold Water CBD Extract Tech News

Simlatus Corporation (OTC Pink: SIML) operates as a manufacturer of proprietary commercial audio/video products for networks with major broadcast studios. Shares soared 257.14% on Thursday, February 14, 2019. Over the past month, Simlatus has seen an average daily volume of 204,867 shares. However, on Thursday, 6,776,017 shares traded hands, equating to $135,500 in dollar volume.

Shares soared on Thursday after Simlatus announced the acquisition of Proscere Bioscience, Inc. and the exclusive licensing rights for its cold-water CBD Extraction Technology. Simlatus completed this deal in conjunction with Satel Group, Inc., which merged with Simlatus in November 2018. Upon completion of the acquisition, Simlatus plans on restructuring as a holding company for its now three wholly-owned subsidiaries. Richard Hylen, Chairman and CEO of Simlatus, commented, “We have a tremendous amount of excitement in announcing the acquisition of the technology and manufacturing of Cold-Water CBD Extraction systems. Although Satel Group is very focused on growing our existing revenue stream alongside of Simlatus, we are adding an additional revenue stream to diversify our business model.” Here is the full press release detailing the acquisition:

Simlatus Corporation Press Release:

San Francisco, California, Feb. 14, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Simlatus Corporation (OTC PINK:SIML) (“Simlatus” or the “Company”), Satel Group announced the merger with Simlatus in November 2018, and the merger resulted in the expansion of Satel’s San Francisco based internet business. Today, Satel Group and Simlatus announce the acquisition rights of cold-water CBD Extraction Technology and various agricultural products for the aeroponics industry.

Richard Hylen, Chairman and CEO, stated, “We have a tremendous amount of excitement in announcing the acquisition of the technology and manufacturing of Cold-Water CBD Extraction systems. Although Satel Group is very focused on growing our existing revenue stream alongside of Simlatus, we are adding an additional revenue stream to diversify our business model. I have strong relationships with various technologies, and I have been able to negotiate the acquisition of cold-water CBD extraction and aeroponic agricultural products, as well as, expand the Board of Directors with the appointment of Baron Tennelle and Victoria Boltrick.”

Mr. Hylen further stated, “Our auditors, M&K, have suggested changing our fiscal year ending to December 31; therefore we will be disclosing this change and file our Form 10-K on or before March 31, 2019. We plan to restructure the public company as a Holding Company, and it will wholly own the three subsidiaries “Satel Group Inc.”, “Simlatus Corporation”, and “Proscere Bioscience Inc.” We will keep our shareholders and public informed on a more frequent basis as we grow this dynamic portfolio of revenue producing companies.”

Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.

Article By: Andrew Rego

Tags: acquisitionagricultureaudiobiopharmaceuticalscannabisCBDCBD extractionCBD newsCBD oilCBDscold water CBD extractioncommon stockconglomerateemerging growthhemphemp newshemp oilholding companyinvestinginvestmentmanufacturingmarijuana stocksmedical cannabismedical marijuanaMergermicrocap stocksMJMJ newsnewsotc marketsOTC Pinkpot stockspublic companysalesservicesSIMLsmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstechtechnology stockstradingtreatmentvideo
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023
JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023

Recent News

Is U.S. Government Trying to Ban Crypto Spotlight Growth

Is The U.S. Government Trying to Ban Crypto?

March 23, 2023
Bioadaptives OTC Pink BDPT LOI World Wellness Health and Wellness Spotlight Growth

Bioadaptives (OTC Pink: BDPT) Signs LOI with World Wellness, LLC to Develop New Health and Wellness Products

March 23, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested