# Pressure Biosciences to merge with Cannaworx

Pressure Biosciences Inc signed a binding letter of intent to merge with Cannaworx Inc, a cannabis company with 12 hemp-derived CBD products. The combined company will use Pressure Bio's Ultra Shear Technology platform for nanoemulsion processing.

- Type: Acquisition
- Announced: 2020-04-29
- Where: United States
- Status: announced
- Products: pressure-based instruments, hemp-derived CBD products, nanoemulsions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Pressure Biosciences](https://endata.com/companies/46861.md) (acquirer)
- [Cannaworx](https://endata.com/companies/46862.md) (target)

## Sources

- [proactiveinvestors.com](https://www.proactiveinvestors.com/companies/news/918435/pressure-biosciences-to-acquire-cannaworx-apply-signature-oil-processing-tech-to-hemp-cbd-products-918435.html), 2020-04-29: "We have been actively searching for an opportunity to participate in the end-product growth and upside we believe our UST platform creates and delivers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.