Precision Extraction Solutions and Cascade Sciences Sign Definitive Merger Agreement to Form Sinclair Scientific

Precision Extraction Solutions (based in Detroit) and Cascade Sciences (based in Portland) have announced their definitive merger agreement to form Sinclair Scientific, which will be the largest cannabis and hemp extraction tech company in the world, and marks the first major consolidation in the cannabis extraction equipment and life sciences space. Precision CEO Marc Beginin and Cascade CEO Lee Kearney will step down from their respective management positions and join the Board of Directors, and Doug Dowd (Ricca Chemical Company) will be the CEO of the newly formed company.

Press Release from Precision Extraction Solutions (PDF)