GOLDEN, Colo., April 19, 2023 (Globe NEWSWIRE) — Panacea Daily life Sciences Holdings, Inc. (OTCQB: PLSH) (“Panacea” or the “Company”), a Colorado-centered manufacturing, exploration, and merchandise enhancement enterprise in the organic health and fitness and wellness business, announced currently the execution of a distribution agreement with C.A.G. Worldwide to develop its line of “seed-to-sale” CBD products and solutions into Guyana, South The us.
Guyana is regarded as an emerging expansion nation poised for extensive growth thanks to its current oil reserve discovery (GeoVane 2020). This discovery has and will carry on to present an financial growth to the previously disregarded place in South America, dwarfing their 2019 $5 billion GDP with the skill to produce an approximated 25 billion barrels of oil and purely natural fuel by the finish of the ten years.
The timing for Panacea Life’s CBD manufacturer launch in Guyana is ideal. In accordance to C.A.G. World wide Founder, Cort Gomes, “the CBD marketplace is a new and thrilling sector which plays in right with the government’s eyesight for a greener Guyana. Our persons will welcome a much healthier route to wellness, and, for this rationale, the CBD industry will turn into a single of the most booming markets in Guyana in excess of the up coming coming years”.
Panacea will start its comprehensive line of CBD topical and ingestible products and solutions in Could 2023 by means of C.A.G. Global. In the country’s funds of Georgetown there are 15 massive pharmacies and several convenience shops keen to present Panacea solutions to its 300,000 citizens. As Panacea expands its reach globally, the Corporation intends to create interactions with nations like Guyana that are embracing hemp and unlocking the true potential of cannabinoid research for medicinal use instead than just recreational use.
“We have viewed early indications of a quite powerful current market in South The us, and we are psyched to have C.A.G. International sign up for the Panacea workforce,” states Nick Cavarra, President of Panacea Daily life.
Since Panacea develops and manufactures all its CBD products in-household, the Enterprise can deliver an array of CBD products priced in accordance with the socioeconomics of Guyana to provide its citizens with an all-all-natural solution for relief of typical ailments like ache, sleep deprivation and anxiousness.
Cavarra notes, “Our aim for 2023 is to pursue grasp distribution associates and introduce the Panacea Life assortment of CBD solutions to the world in purchase to assistance increase good quality of life with pure, plant-based merchandise.”
About Panacea Daily life Sciences Holdings, Inc.
Panacea Existence Sciences Holdings, Inc. (PLSH) is a holding corporation structured to assistance the lifetime sciences and well being and wellness industries. Proven in 2017, PLSH is a woman-owned and woman-led company. Its subsidiary, Panacea Lifestyle Sciences, Inc. (PLS) is dedicated to producing, researching, and producing the maximum-high-quality hemp-derived cannabinoid, practical mushroom, Kratom, and nutraceutical items for people and animals in the U.S.A. and globally. Panacea operates out of its 51,000 square foot, condition-of-the-artwork, cGMP facility in Golden Colorado, focusing on organic plant-dependent extraction, producing, exploration, testing and achievement expert services. Panacea operates in each segment of the producing value chain from cultivation to finished items and guarantees its products with stringent GMP specifications and testing protocols utilized at each phase of the supply chain. Panacea also presents the purest pure therapies in its branded merchandise lines for each individual part of everyday living: PANA Wellness™, PANA Natural beauty®, PANA Activity™, PANA Pet®, PANA Pure® and PANA Lifetime™. For more information and facts, make sure you visit www.panacealife.com.
About C.A.G World.
Developing up in Georgetown, Guyana as the son of effective business people and lawyer-at-regulation, Cort Gomes constantly comprehended the price of difficult work. Cort Gomes is at present a soaring entrepreneur himself as the Operator/Operator of C.A.G. Global, a consulting and investing small business established in Georgetown with investments in real estate, mining and now distribution. His ability to make his clients experience at simplicity as perfectly as his capacity to imagine exterior the box has earned him a stellar name amongst his clients. In just the past calendar year, C.A.G. Worldwide has managed twenty million Guyanese dollars in transactions. He attributes his accomplishment and continued advancement to his strategic alliances, who respect his determination to company. Gomes has enjoyed getting a resident of Georgetown for the very last three decades soon after his remigration from the U.S. When he is not chaotic constructing his business enterprise, he enjoys doing work out, becoming in character and expending time with his family.
Cautionary Notice Relating to Forward-On the lookout Statements
This push release contains ahead-seeking statements inside the indicating of the Non-public Securities Litigation Reform Act of 1995, which include statements. Forward-looking statements require dangers and uncertainties that could bring about true results to differ materially from people projected or anticipated. These risks and uncertainties contain, but are not minimal to, dangers arising from supply chain disruptions or our means to attain raw elements as perfectly as similar issues with our vendors, our capability to fulfill buy orders on a timely method, our capability to totally accumulate money for our buy orders, the danger of shoppers returning our solutions, effects of the pandemic which includes new variants on our workforce, as nicely as all those pitfalls and uncertainties explained by us in our once-a-year report on Kind 10-K for the fiscal yr finished December 31, 2022 under the heading “Threat Components”. Any ahead-wanting statement produced by us herein speaks only as of the date on which it is built. Elements or gatherings that could cause our actual outcomes to differ may possibly emerge from time to time, and it is not probable for us to predict all of them. We undertake no obligation to publicly update any ahead-seeking statement, whether or not as a result of new details, future developments, or in any other case, other than as may well be needed by regulation.
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