#Health and #Wellness #Stock Can B Corp (OTCQB: $CANB) Reports Duramed
Ultrasound Pain Management and Injury Recovery Solution Expands Availability of Insurance; @CanBCorp
HICKSVILLE, NY – October 29, 2020
– Investorideas.com Newswire --- Health and wellness stock news - Can B Corp. (OTCQB: CANB) (“Can B” or the “Company”), a diversified health and wellness company, is pleased
to announce its expansion for its Duramed Division ultrasound
program, the SAM Pro 2.0, to Michigan. The
revolutionary Sustained Acoustic Medicine (“SAM”) wellness solution, is proven in accelerating tissue
healing and chronic pain reduction and is reimbursable by health insurance
companies.
Read this news, featuring CANB in full at https://www.investorideas.com/news/2020/lohas/10291CANB-Duramed-Ultrasound.asp
This
marks the first availability of Duramed beyond its initial success in New York
and New Jersey. The opening of Michigan was made
possible for no fault insurance via an agreement with Allcare Practice
Management.
The SAM Pro 2.0 is the first and only FDA
cleared wearable low intensity ultrasound device delivering multi-hour
treatment to accelerate healing and improve function for musculoskeletal
injuries (muscle, tendon, ligament) and reduce chronic pain (without opioid
pain medication).
Duramed’s
marketing strategy is to provide equipment and services to both medical offices
as well as direct to consumer. The recurring revenue business model calls for a
rental rate per day, which is billed to the insurance company.
Duramed is a member of
MAGNACARE, an industry organization that insures expedient processing (1st
check within 30 days) + arbitration/negotiation support.
Marco
Alfonsi, Can B’s Chief Executive Officer, commented, “We are thrilled in
achieving this milestone of expanding upon our success in New York and New
Jersey with this revolutionary solution that addresses a much needed void in
the market to accelerate tissue healing and chronic pain reduction. The unique
SAM delivery system, recurring revenue business model and our potential to add
our proprietary CBD gels, is expected drive our acceleration of revenue at
improved gross margins over the next twelve months.”
About Can B Corp.
Can B Corp. (OTCQB: CANB) is a Health & Wellness company providing the highest
quality cannabidiol (CBD) products under the brands of Canbiola, Seven Chakras,
NuWellness, Pure Leaf Oil and Duramed. Can B utilizes multi-channel distribution
to reach consumers, including medical facilities, doctor offices, retailers,
online and direct. CanB is also an exclusive partner of the LifeGuard® Brand in
developing a line of consumer products. The Company is also launching Super
Foods, a line of nutritional supplements. Can B Corp. owns and operates an
R&D and production facility in Lacey, WA and Green Grow Farms, a licensed
hemp grow and cultivation in New York.To learn
more about Can B Corp. and our comprehensive line of high quality CBD products,
please visit: Canbiola.com and www.CanBCorp.com, follow Can B Corp on Instagram and Facebook, or visit one
of the 1,000+ retail outlets that carry Can B Corp. products.
For
more information about Can B Corp., please visit: CanBCorp.com
Forward-Looking Statements
Forward-looking statements and risks and uncertainties discussed
in this release 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. Except as required by law, we undertake no
obligation to update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise, after the date on
which the statements are made or to reflect the occurrence of unanticipated
events.
Investors
and Media:
IR@canbiola.com
(917)
658-7878
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