LAS VEGAS, Sept. 9, 2014 /CNW/ -- CannaVest Corp. (OTCBB:
CANV), a leading manufacturer and distributor of hemp and
Cannabidiol (CBD) based products, has received the highest
Cannabidiol (CBD) concentrate award at the Seattle High Times
Cannabis Cup, on September 7, in
Seattle, Washington. It is the
fifth top honors win for the Company in this category, and marks an
industry record number of wins.
In addition to announcing this record win for high-end
Cannabidiol (CBD) compounds, the Company is announcing that it has
secured the exclusive production supply of approximately 2,500
acres of European industrial hemp farmland, through the 2018
harvest, with an option to extend the acreage or length of the
commitment.
"We are proud of our Seattle
win, and of our ability to offer consistent, high quality
Cannabidiol (CBD) products and compounds to our customers. We
congratulate CannaVest Laboratories, and our Director of Research
and Development, Dr. Joshua
Hartsel," said CannaVest Corp. President and CEO,
Michael Mona, Jr.
Mr. Mona continued by stating that in addition, "the European
farming contracts ensure that we have the capacity to continue to
be the industry's lead supplier of high end hemp and Cannabidiol
(CBD) based products, that will meet growing consumer demand."
It is reported that the US hemp products market is the fastest
growing hemp import market in the world, estimated at $550 Million.
CannaVest Laboratories, a division of CannaVest Corp. produces
the proprietary award winning pharmaceutical grade Cannabidiol
(CBD) concentrate, CBD Simple™, and distributes in bulk, a consumer
grade version of the CBD-rich hemp oil, PlusCBD Oil™. The Company
reports that it plans to expand its product offerings in 2014.
Dr. Joshua Hartsel stated that,
"CannaVest Corp. has provided the resources necessary to stay at
the cutting edge of the industry and to position CannaVest
Laboratories to continue leading the Cannabidiol (CBD) sector with
innovative Research & Development."
Cannabidiol (CBD) is a non-psychoactive nutraceutical product
isolated from industrial hemp that is recognized by the National
Institutes of Health for its myriad benefits on human health, and
can be added to beauty, and dietary products.
CannaVest Corp. and its industrial hemp, scientific, and
education experts will be attending the Supply Side West Global
Conference and Summit Oct. 6 to 10 at
Mandalay Bay in Las Vegas, Nevada,
and have been invited to keynote the Trade Show's inaugural
Agricultural Hemp Summit: CBD and the Hemp
Revolution, 8:30 to 11:30 a.m.
on Oct. 10, to discuss the
biochemical, scientific, medical and consumer applications of
high-value Cannabidiol (CBD).
The Company will also be exhibiting at the MASSCANN/NORML Boston
Freedom Rally, on September 13 and
Sunday September 14 in the Boston
Commons, in Boston,
Massachusetts.
About
CannaVest Corp.
CannaVest Corp. (OTCBB:CANV), located in Las Vegas, Nevada, focuses on the procurement
and wholesale of the hemp plant extract cannabidiol (CBD), and the
development, marketing and sale of end consumer products containing
CBD, which is refined into its own PlusCBD Oil™ brand. CannaVest
resells raw industrial hemp product to third parties, acquired
through supply relationships in Europe. Additional information is available
from OTCMarkets.com or by visiting
http://www.CannaVest.com.
CannaVest Corp.'s subsidiaries include: US Hemp Oil, LLC ("US
Hemp Oil") (http://www.USHempOil.com), CannaVest Laboratories, LLC
("CannaVest Laboratories") (http://www.CannaVestLabs.com) and Plus
CBD, LLC (formerly, Global Hemp Source, LLC) ("Plus CBD"). US Hemp
Oil provides farming, procurement, processing, marketing and
distribution services of bulk wholesale hemp seed. In addition, US
Hemp Oil is involved with industry advocacy, creating greater
public awareness and media exposure for the nutritional profile of
hemp seeds and the environmental benefits of growing industrial
hemp. CannaVest Laboratories (formerly PhytoSPHERE Systems, LLC)
provides processing technology and product development of
hemp-based pharmaceutical and nutraceutical products. Plus CBD is
the operating entity for Company sales and expense of CBD oil and
end consumer products.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements
and information, as defined within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and is subject to the
Safe Harbor created by those sections. This material contains
statements about expected future events and/or financial results
that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of CannaVest Corp. to
be materially different from the statements made herein.
LEGAL DISCLOSURE
CannaVest Corp. does not sell or
distribute any products that are in violation of the United States
Controlled Substances Act (US.CSA). The company does grow, sell and
distribute hemp-based products and are involved with the federally
legal distribution of medical marijuana-based products within
certain international markets.
Corporate Contact:
CannaVest Corp.
2688 S. Rainbow Blvd., Ste. B
Las Vegas, NV 89146
Office: 866-290-2157
Logo - http://photos.prnewswire.com/prnh/20140403/LA98016LOGO
SOURCE CannaVest Corp.