\nHighlights of the letter include:\n<\/p>\n
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- \nThe Company\u2019s efforts to further position itself as an integrated healthcare company with its recent acquisition of The Sera Labs, a high-margin, multi-channel marketing and branding company with accelerating sales of its more than 20 products in the health & wellness, beauty, and pets categories and strong traction in both e-commerce and wholesale-to-retail distribution with total retail doors exceeding 8,850 in the U.S. to date<\/p>\n
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- \nCURE acquired 100 percent of privately held The Sera Labs for $20 million, which consists primarily of stock with key earn out considerations totaling up to an additional $20 million within two years of completing the acquisition.\n<\/li>\n
- \nThe Sera Labs Founder and CEO Nancy Duitch, who is well-known for her track record for launching some of the largest-selling products on the market, will help the Company generate revenue on its existing technologies in a wellness vertical, without the need for partners and further strengthen the already sales-generating SeraLabs\u00ae brand.\n<\/li>\n<\/ul>\n<\/li>\n
- \nThe Sera Labs newest consumer product that uses CURE\u2019s patented and advanced oral thin film strip technology under the trademark name Nutri-Strips with RAD3 (Rapid Activation Delivery) to deliver novel vitamins and supplements to consumers across the nation.<\/p>\n
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- \nFormulations include a sleep aid called Sleep A.S.A.P.\u2122<\/a>, EnergY\u2122 designed to enhance performance and mental focus, an electrolyte and muscle recovery product called RecoverB\u2122, and immunD\u2122 for immune support.\n<\/li>\n<\/ul>\n<\/li>\n
- \nCURE earning NSF International, cGMP certification for its 25,000 square foot manufacturing facility<\/p>\n
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- \nThis certification enables manufacturers to become independently certified by NSF as complying with cGMP requirements as listed in Section 8 of NSF\/ANSI Standard 173. This certification positions CURE\u2019s manufacturing capabilities at the forefront of quality standards set by the various regulatory agencies.\n<\/li>\n<\/ul>\n<\/li>\n
- \nThe Company\u2019s recent pharmacokinetic (PK) study on its 25mg cannabidiol (CBD) oral thin film (OTF) showing improved bioavailability of cannabidiol in healthy subjects<\/p>\n
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- \nIn 14 healthy adults, those who used the OTF experienced a significantly higher serum concentration (Cmax) and significantly faster absorption (Tmax) than those who consumed a commercially available CBD soft gel. The study also suggests that the CUREform\u2122 delivery platform, which entails solubilization and encapsulation of the molecule, might deliver better results than solubilization alone, as used in the soft gel product, and may play a synergistic or additive role in bioavailability.\n<\/li>\n<\/ul>\n<\/li>\n
- \nThe Company\u2019s future plans and focus on research and development into CURE\u2019s pharmaceutical programs and The Sera Labs commitment to innovating its offerings with a \u201ctele-wellness\u201d program and exciting new products.\n<\/li>\n<\/ul>\n
\nThe Company\u2019s Chief Executive Officer Rob Davidson commented, \u201c2020 has not been without its challenges for any industry; however, CURE is still well-positioned to become a fully-integrated health and wellness company, as propelled by the acquisition of SeraLabs. We continue to forge ahead in our pharmaceutical research using our proven drug delivery platforms and adapt to service the burgeoning nutraceutical market. We\u2019ve focused on improving our manufacturing capabilities and proved yet again the superiority of our drug delivery technology. All in all, I am more confident than ever in CURE\u2019s ability to capitalize on our vision of delivering the promise of healthier lives.\u201d\n<\/p>\n
\nTo read the Letter to Shareholders in full, please visit the company\u2019s website HERE<\/a>. You can download the letter HERE<\/a>.\n<\/p>\n
About SeraLabs<\/b><\/p>\n
\nSeraLabs\u00ae is a trusted leader in the health, wellness, and beauty sectors of innovative products with cutting edge technology and superior ingredients such as CBD. SeraLabs\u00ae creates high quality products that use science-backed, proprietary formulations. Its more than 20 products are sold under the brand names SeraRelief\u2122, SeraTopical\u2122, SeraLabs\u2122, Gordon\u2019s Herbals\u2122 and SeraPets\u2122. SeraLabs\u00ae sells its products at affordable prices, making them easily accessible on a global scale. Strategically positioned in the growth market categories of beauty, health & wellness, and pet care, SeraLabs\u00ae products are sold in major national drug, grocery chains and mass retailers. The company also sells products under private label to major retailers and multi-level marketers, as well as direct-to-consumer (DTC), via online website orders, including opt-in subscriptions. For more information visit: www.SeraLabsHealth.com<\/a> and follow @theseralabs<\/a>, @nutristrips or contact: press@theseralabs.com<\/a><\/p>\n
About CURE Pharmaceutical Holding Corp.<\/b><\/p>\n
\nCURE Pharmaceutical\u00ae is the pioneering developer of CUREform\u2122, a patented drug delivery platform that offers a number of unique immediate- and controlled-release drug delivery vehicles designed to improve drug efficacy, safety, and patient experience for a wide range of active ingredients.\n<\/p>\n
\nAs a vertically integrated company, CURE\u2019s 25,000 square foot, FDA-registered, NSF\u00ae and cGMP-certified manufacturing facility enables it to partner with pharmaceutical and wellness companies worldwide for private and white-labeled production. CURE has partnerships in the U.S., China, Mexico, Canada, Israel, and other markets in Europe.\n<\/p>\n
Forward Looking Statement<\/b><\/i><\/p>\n
Statements CURE makes in this press release may include statements which are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (\u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended (\u201cExchange Act\u201d), which are usually identified by the use of words such as \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cseeks,\u201d \u201cshould,\u201d \u201cwill,\u201d and variations of such words or similar expressions. CURE intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act and is making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements include, without limitation, the ability to successfully market the partnered products, the difficulty in predicting the timing or outcome of related research and development efforts, partnered product characteristics and indications, marketing approvals and launches of other products, the impact of pharmaceutical industry regulation, the impact of competitive products and pricing, the acceptance and demand of new pharmaceutical products, the impact of patents and other proprietary rights held by competitors and other third parties and the ability to obtain financing on favorable terms. The forward-looking statements in this press release reflect CURE\u2019s judgment as of the date of this press release. CURE disclaims any intent or obligation to update these forward-looking statements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/i><\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201118005454\/en\/<\/a><\/span><\/p>\n
Media Contact:
\n<\/span>
Monica M. Jaramillo
\n
LABEL the Agency,
\n
Los Angeles,
\n
mjaramillo@labeltheagency.com<\/a>,
\n
424.273.8675
\n<\/p>\n
- \nCURE earning NSF International, cGMP certification for its 25,000 square foot manufacturing facility<\/p>\n
- \nFormulations include a sleep aid called Sleep A.S.A.P.\u2122<\/a>, EnergY\u2122 designed to enhance performance and mental focus, an electrolyte and muscle recovery product called RecoverB\u2122, and immunD\u2122 for immune support.\n<\/li>\n<\/ul>\n<\/li>\n