WRAP Wrapmail Inc.

Canbiola, Inc. (OTCQB: CANB) Announces the Formation of a New Wholly Owned Subsidiary- DuraMed, Inc.

Canbiola, Inc. (OTCQB: CANB) Announces the Formation of a New Wholly Owned Subsidiary- DuraMed, Inc.

HICKSVILLE, NY, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: CANB) announces the formation of a new wholly owned subsidiary- DuraMed, Inc.

In an effort to expand its product offering within the medical and wellness segments of the CBD industry,  has launched DuraMed, Inc., as a wholly owned subsidiary.  DuraMed is a medical device company that provides equipment and services to both medical offices as well as direct to consumer.  All DuraMed products will be FDA approved, non-invasive, consumer-friendly, and will focus upon aiding in quicker injury recovery as well as pain relief.

In conjunction with this newest vertical, Pure Health Products, Inc. (Pure Health),  and production facility in Lacey WA, will be supplying DuraMed with its first consumer products.  Additionally, Pure Health and Canbiola have just closed an agreement with Hudilab, Inc., to acquire the technology and intellectual property to produce transdermal pads for use with medical devices such as Transcutaneous Electrical Nerve Stimulation (TENS) units.  Anyone who has ever suffered from chronic back, knee or joint pain has likely found that the TENS unit technology can deliver pain relief and can be used at home.  The technology acquisition from Hudilab provides the ability in infuse the TENS pads with effective dosages of CBD.  This technology allows multiple uses of the pads without losing adhesion while allowing the hemp-derived therapeutic compounds (botanicals) in the CBD to attack the pain and be absorbed into the system.

As  CEO Marco Alfonsi says, “This is an incredible breakthrough in pain relief and wellness technology.  By taking the proven medical device technology in the TENS unit and combining it with the proprietary CBD compounds developed by Canbiola is truly game-changing!”

According to Hudilab’ s CEO Frank Horwich, “ is creating a new category of CBD wellness products.  Combining CBD with established and well recognized ‘medical devices’, Canbiola is now able to deliver a treatment that delivers the best of both technologies.”  Mr. Horwich added, “This positions Canbiola to dominate a newly emerging sector in the CBD via creating new modalities of treatment incorporating CBD and medical devices proven to reduce pain and inflammation.”  

According to Mr. Alfonsi, “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.”  Mr. Alfonsi continued, “The Pure Health facility is geared up for major production and expects its first of many orders shortly.”  

Lastly Mr. Ferro, President of Pure Health, added, “To have a nationally recognized cannabis industry professional as Mr. Horwich available to Pure Health provides the company with a level of knowledge and an unprecedented technical and practical resource on the new product development team that will facilitate and excite our production plans well into the future.”

Hudilab, Inc. is a Colorado-based new technology developer in the expanding use of industrial hemp derived CBD opportunities.  The Hudilab team are leaders in combining the medical benefits CBD with medical technology and improving its effectiveness.  The company, as well as Mr. Horwich, have worked in conjunction with some of the largest universities and development laboratories in the USA with expanding the knowledge base and use of cannabis products.  Additionally, Hudilab is active with several South American countries in development of hemp opportunities.

Canbiola, Inc. is a public company trading under symbol CANB.

 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 found at

Forward-looking statements and risks and uncertainties discussed in this letter contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape or manner of our future financial condition or stock price.



CONTACT INFORMATION

Canbiola Investor Relations

Email:  

Phone: (516) 595-9544

website: 

Follow us on Twitter and Facebook
EN
24/01/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Wrapmail Inc.

 PRESS RELEASE

Canbiola Announces First Quarter 2019 Results

Quarterly Revenue Increased 741% and Almost Matching Entire Year 2018; Revenue Maintained Gross Margin of 49%Hicksville, New York--(Newsfile Corp. - May 28, 2019) - Canbiola, Inc. (OTCQB: CANB) ("Canbiola" or the "Company"), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, isolate, gel caps, and concentrate, announced today operating and financial results for the first quarter ended March 31, 2019. "I am pleased to report our successful progress to begin 2019, as is evident by our first quarter revenue, which alm...

 PRESS RELEASE

Canbiola is Registered and Active in the GSA’s System for Award Mana...

Canbiola is Registered and Active in the GSA’s System for Award Management (SAM) and Department of Defense (DOD) Widens the Availability of its CBD Products HICKSVILLE, NY, March 11, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (OTCQB: ) (“Canbiola” or the “Company”), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, isolate, gel caps, and concentrate, announced today that it is now registered and active in the U.S. government GSA’s System for Award Management (SAM) and Department of Defe...

 PRESS RELEASE

Canbiola Finalizes Asset Purchase Agreement with Seven Chakras

Canbiola Finalizes Asset Purchase Agreement with Seven Chakras Attains Proprietary CBD Formulations HICKSVILLE, NY, Feb. 27, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. () (“Canbiola” or the “Company”), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate, announced today that its wholly owned subsidiary Pure Health Products (PHP) finalized its asset purchase agreement (APA) with .   Under the terms of this APA, which was entered into January 31, ...

 PRESS RELEASE

Canbiola Deploys Initial 100 sam® Units and Readies Next 100 sam® Un...

Canbiola Deploys Initial 100 sam® Units and Readies Next 100 sam® Units Revolutionary CBD Wellness Solution for Tissue Healing and Chronic Pain is Now in the Hands of 100 Medical Professionals HICKSVILLE, NY, Feb. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Canbiola, Inc. (: ) (“Canbiola” or the “Company”), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate, announced today that its initial 100 Sustained Acoustic Medicine (“sam®”) units have been deployed and are n...

 PRESS RELEASE

Canbiola Deploys Initial 100 sam(R) Units and Readies Next 100 sam(R) ...

Revolutionary CBD Wellness Solution for Tissue Healing and Chronic Pain is Now in the Hands of 100 Medical ProfessionalsHicksville, New York--(Newsfile Corp. - February 21, 2019) -  Canbiola, Inc. (OTCQB: CANB) ("Canbiola" or the "Company"), a developer, manufacturer and seller of a variety of Cannabidiol (Hemp) based products such as oils, creams, moisturizers, chews, vapes, isolate, gel caps and concentrate, announced today that its initial 100 Sustained Acoustic Medicine ("sam®") units have been deployed and are now available for medical patient use at select medical professional offices.Th...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch