CANB - CannabisNewsBreaks - Canbiola Inc. (CANB) Launches New Wholly Owned Subsidiary
Canbiola (OTCQB: CANB) today announced the expansion of its product offering in the medical and wellness segments of the CBD industry through the formation and launch of a new wholly owned subsidiary, DuraMed, Inc. DuraMed is a medical device company that provides FDA approved, non-invasive, consumer-friendly equipment and services to medical offices and consumers. DuraMed products focus on supporting faster injury recovery and pain relief. Per the update, Pure Health Products, Inc., the company’s laboratory and production facility in Lacey WA, will supply DuraMed with its initial consumer products. In addition, Pure Health and Canbiola have secured an agreement with Hudilab, Inc. to acquire the necessary technology and intellectual property (“IP”) to produce transdermal pads for use with medical devices such as Transcutaneous Electrical Nerve Stimulation (“TENS”) units. The acquired technology enables infusion of effective dosages of CBD with the TENS pads. “We believe market conditions are optimal for a CBD delivery system to be combined with the popularity of the TENS units. These CBD infused pads are a technology breakthrough. There are hundreds of thousands of TENS units from scores of manufacturers in use today and the ability to provide the pads with CBD is huge,” Canbiola CEO Marco Alfonsi stated in the news release. “The Pure Health facility is geared up for major production and expects its first of many orders shortly.”
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About Canbiola, Inc.
Canbiola, Inc. is a US company embarking in the sale of a variety of Cannabidiol (CBD) based products. Canbiola has developed its own line of proprietary products as well as seeking synergistic value through acquisitions in the CBD and the medical cannabis industry. Cannabis is currently federally illegal and has legalized for medical purposes in some form in a limited number of states, but pure CBD products are legal in all 50 states. The company has already launched several products that can be found at www.Canbiola.com.
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