Panacea Awarded Eight Nutraceutical Purchase Orders as It Expands Its U.S. Based Softgel Manufacturing Services into the Growing Health, Plant-Based Market
August 17, 2022 at 12:45 pm EDT
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Panacea Life Sciences Holdings, Inc. announced that the Company has expanded its softgel manufacturing expertise into the nutraceutical space and was quickly awarded eight purchase orders to fill what it believes to be a clear void in the industry. The aggregate value of the purchase orders is expected to generate approximately $500,000 in revenues for the Company in the remainder of the 2022 fiscal year. Panacea can produce up to 1 million softgels in a daily shift depending on the ingredients and the size of the softgel.
In addition, Panacea offers a full line of services for its customers including cannabinoid raw materials, formulation research and design, liquid fill capabilities, bottling and labeling, and fulfillment services.
Panacea Life Sciences Holdings, Inc. is a holding company organized as a plant-based natural health ingredient and product company. It specializes in the development, manufacturing, research, and distribution of products with natural health and wellness market segment for both humans and animals. The Companyâs subsidiary, Panacea Life Sciences, Inc. (PLS) is engaged in the production, distribution, research, and manufacturing of nutraceuticals, cannabinoids, mushrooms, kratom, and other natural, plant-based ingredients and products. The Company also offers natural remedies within its branded product lines for every aspect of life, including PANA Health, PANA Beauty, PANA Sport, PANA Pet, PANA Pure, and PANA Life. It also operates 51,000 square foot current good manufacturing practice (cGMP) facility located in Golden, Colorado. The Company, through Panacea Life Sciences Holdings, Inc., manages six retail locations and a distribution center situated in the Tampa, Florida area.
Panacea Awarded Eight Nutraceutical Purchase Orders as It Expands Its U.S. Based Softgel Manufacturing Services into the Growing Health, Plant-Based Market
PANACEA LIFE SCIENCES HOLDINGS, INC. 