Simlatus Corp OTCMKTS: SIML manufactures audio/video equipment that is its own proprietary systems for the major broadcast studios, such as Warner Bros., Fox News, CBS, and DirecTV, as well as Government military applications and underwater oil exploration.
On March 25th, 2019 Simlaatus annouced that M&K CPA’s are on track to complete and file the annual audit ending December 31, 2019.
Chairman and CEO, Richard Hylen, states, “First of all I want to thank our shareholders, noteholders, service providers and staff for the support and hard work required to complete the merger. Our auditors will be on track to complete the Satel Group audit and consolidated audits for SIML on time in order to file our Form 10K. Satel Group audits required 2016, 2017 and 2018 financial records which demonstrate several million dollars in revenue and assets.”
Mr. Hylen further stated, “Proscere Bioscience will make its announcement in a private news release regarding distribution partners in Canada, United States, and Europe. We will begin to deliver our cold-water CBD extraction system by the end of next quarter. Our CBD extraction systems range from $750,000 for a high-end commercial system capable of 3000 gallons per day, to our low-end model costing $400,000. Our distributors have an exclusive 5 year license with sell volume discounts of up to $50M per year. Europe is already a fertile ground for hemp and it is growing fast thanks to the increasing consumption of other hemp-based products. In 2016, 33,000 hectares of hemp were cultivated on the continent, which equals about 81,500 acres. In the same year, the United States grew 9,650 acres. Our commercial cold-water CBD extraction system is expected to yield $225M over the next 5 years, based upon expected growth and application.”
About the Company: The holding company owns various subsidiaries which operates multiple revenue streams in the CBD Industry, Major Broadcast Industry and Internet Service Provider Industry.
Its division Proscere Bioscience manufactures a commercial grade cold-water CBD extraction system for pharmaceutical based utilization and an aeroponic commercial grade grow container for government food-safety programs, commercial and medical grade CBD growing facilities.
On April 3rd, 2019, Simlatus Corp annouced that its Cannabis Division, Proscere Bioscience, has signed a 5-year distribution agreement with Brand House Ventures in value of $75M to sell its Cold-Water Cannabis/Hemp Extraction Systems in the USA.
On March 29, 2019, the Board of Directors approved the Company and its subsidiary, Proscere Bioscience Inc., to enter into an Exclusive Distribution Agreement with Brand House Ventures Inc. allowing the rights to sell the Cold-Water Cannabis/Hemp Extraction Systems within all of the United States. The term of the agreement is for five years with guaranteed minimal purchase orders of $15,000,000 per year and/or $75,000,000 over a five year period. Mike Mulder is the President of Brand House Ventures Inc., and the company was formed in 2010 as a sole proprietorship, and in 2014 was formed as a California S-Corporation. Today Brand House is a Holding Company for the distribution of a variety of products and technologies.
Proscere Bioscience manufactures and distributes commercial Cold-Water Cannabis/Hemp Extraction Systems. This advanced method and technology is highly effective in producing medical-grade product used to help people suffering with a wide range of ailments; from treating pain, inflammation, infections, sleep issues and mood disorders. The CBD is also proven to support the immune system, protects the brain and fights cancer. Proscere Bioscience’s commercial Cold-Water Cannabis/Hemp Extraction Systems are expected to yield $225M over the next 5 years, based upon expected growth and application.
Richard Hylen, Chairman and CEO, stated, “We are finalizing Europe and Canada for distribution of our Cold-Water Cannabis/Hemp Extraction Systems. We anticipate revenues in this quarter from our subsidiary, Proscere Bioscience, while continuing our revenues from Satel Group and Simlatus.”