LAS VEGAS, Jan. 8, 2015 /PRNewswire/ -- CannaVest Corp.
(OTCBB:CANV), a leading manufacturer and distributor of hemp and
Cannabidiol (CBD) based products, announces that the results
of independent testing have proved the safety and quality of its
products. In December, CannaVest Corp. commenced cooperative
efforts with Project CBD to ensure the cannabis/hemp industry and
the consuming public is provided with accurate and meaningful
information concerning CannaVest Corp.'s CBD offerings. Project CBD
is a non-profit educational service dedicated to promoting and
publicizing research into the medical utility of cannabidiol
(CBD).
CannaVest Corp. initiated its cooperative efforts with Project
CBD in response to a special report on the hemp oil industry
published by Project CBD titled "Hemp Oil Hustlers" on October 14, 2014 and revised on November 5, 2014. Project CBD reported that
a consumer product, which is labeled as containing hemp oil and
which was produced by the company and then sold in 2013 to a
distributor, tested positive for hexane and other solvent
residues.
Following the publication of the Project CBD report, CannaVest
agreed to work with Project CBD to independently test its
products. Based on the results of this testing, Project CBD
has concluded that CannaVest Corp.'s products are not contaminated
with heavy metals or industrial solvent residues in amounts that
pose health and safety issues for consumers, according to
officially recognized safety standards. CannaVest and Project
CBD have released a joint statement, the full text of which is
reprinted below.
"We are proud of our products, our lab processes and personnel
and our commitment to quality, which we believe separates us from
others in our industry," stated Michael
Mona, Jr., President and Chief Executive Officer of
CannaVest. Mr. Mona continued, "[w]e were pleased to work
with Project CBD, and through our collaboration with Project CBD,
we are happy to report these test results to the public. We
are committed to providing the highest quality products on the
market today, and the independent testing results bear this
out."
JOINT STATEMENT
CannaVest Corp. ("CannaVest") and Project CBD, a non-profit
organization, jointly issue this statement:
Project CBD and CannaVest recently had samples of CannaVest's
hemp oil tested by an independent analytical lab as part of a
collaborative effort to determine the absence or presence of heavy
metals and industrial solvent residues in these products. The
results of this independent testing showed only trace levels of
solvents and heavy metals that are well below acceptable levels
established by the U.S. Pharmacopeial Convention. Based on
the results of this limited testing, Project CBD has concluded the
CannaVest hemp oil tested is not contaminated with heavy metals or
industrial solvent residues in amounts that pose a threat to human
health, according to officially recognized safety standards
Project CBD selected six samples from different batches of hemp
oil that had been produced by CannaVest since mid-October 2014. Project CBD selected three
samples of CannaVest's CBD Gold™ oil and three samples of
CannaVest's CBD Decarb™ oil for testing.
All samples were submitted to Exova, an independent testing
facility based in Santa Fe Springs,
California, for analysis. Exova tested the samples for
21 industrial solvents, including hexane, heptane, ethyl acetate,
chloroform, toluene, and benzene. Exova also tested these
samples to determine the presence or absence of four heavy metals
-- arsenic, cadmium, lead, and mercury.
On December 18, 2014, and
December 23, 2014, Exova issued its
findings in two reports to Project CBD and CannaVest. Exova
found no significant levels of arsenic, cadmium, lead or mercury in
the tested samples. Exova found no detectable levels of 21
industrial solvents in three CBD Gold™ samples. Three
samples of CBD Decarb™ had trace of amounts of toluene that
were well below acceptable levels, according to the U.S.
Pharmacopeial Convention limit.
These findings do not negate or refute the lab data presented in
Project CBD's original report, "Hemp Oil Hustlers," as such lab
data was based on hemp oil obtained by Project CBD from third
parties.
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 www.cannavest.com.
CannaVest Corp.'s subsidiaries include: US Hemp Oil, LLC
(www.USHempOil.com) that provides seed procurement, cultivation,
processing, and production consultation, and equipment to support
U.S. farmers, researchers and businesses to cultivate and process
industrial hemp in the US; and CannaVest Laboratories, LLC
(www.CannaVestLabs.com), that facilitates cutting edge research and
develops nutraceutical and food products, containing cannabidiol
(CBD) oil, and is the developer and manufacturer of CannaVest's own
award winning CBD Simple™.
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 is 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
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SOURCE CannaVest Corp.