DENVER CO / ACCESSWIRE / January 4, 2017 / United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that Tangiers Global ("Tangiers") doubled its Fixed Funding Commitment (the "Commitment") from $5 million to up to $10 million.

Justin Ederle, Managing Partner of Tangiers Global, LLC, commented on the announcement, "After additional analysis of the Company's recent performance and expansion strategy, we realized a larger investment was in order and immediately moved to increase our commitment. We feel the additional funds will allow the Company to hit a growth rate once out of reach due to a lack of proper capital reserves. That's one of the advantages of being a private fund - we can move quickly when we see an opportunity like this."

Earnest Blackmon, United Cannabis' Chief Executive Officer, also commented, "United Cannabis made considerable progress over the past year, thanks largely to the dedication and conviction of senior management - who took to selling stock to help fund operation when things were particularly lean. So we're thrilled to have the support of an investor like Tangiers. Their commitment will not only enable us to accelerate our expansion, but also allow us to be proactive when new opportunities arise, which should benefit all of our shareholders."

About United Cannabis Corporation

The Company's Prana Bio Medicinal products provide patients a way to mix/match cannabinoids for therapeutic purposes. These products, licensed to regulated marijuana dispensaries, are broken into 5 categories that are available in capsules, sublingual's, and topical delivery methods. The Company uses a patent-pending infusion process utilizing select fatty acids, lipids, and specific combinations of cannabis derived terpenes to increase bioavailability.

For further information, please visit www.unitedcannabis.us.

About Tangiers Global

Tangiers Global provides working and expansion capital to small and microcap public companies through a variety of investment structures, including the new Fixed Funding Commitment™. Working with clients across multiple sectors, Tangiers prides itself on building long term relationships with its client companies to ensure that they have the resources necessary to propel their growth year after year.

Contact: Staff@UnitedCannabis.us

Phone: 303-386-7321

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors, created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

SOURCE: United Cannabis Corporation