Companies Will Work Together To Produce
And Distribute United Cannabis' Patented CBD And Bio Nutrient
Products
Denver, CO
-- February 1,
2018 -- InvestorsHub NewsWire
-- United Cannabis Corporation (OTCQB:
CNAB) (the "Company" or "United Cannabis") today announced
that it
has established a Limited Partnership between the Company, LASCO
Manufacturing Limited (LASCO) and United Cannabis' Jamaican
Partner, Cannabinoid Research & Development Co.
Ltd. View the
joint announcement.
LASCO, one of the leading dry blend beverage companies in
Jamaica, reported
revenue of $56.2
million in 2017, with products exported to 22 countries throughout the Caribbean, Central
and South America, Canada, United Kingdom, and the United
States.
The Company
also announced that it
has signed an exclusive
License Agreement (the "Agreement") with LASCO to produce the
Company's CBD water and other Bio Nutrient Medicinals in the form
of Capsules, Sublinguals, Roll-ons, and Balms for the
English-speaking Caribbean and Central America, excluding
Mexico.
The Ministry of Health has approved a range
of the Company's
products for inclusion in the
Jamaican registry, and LASCO has submitted its application to the Cannabis Licensing
Authority in the Ministry of Industry, Commerce Agriculture and
Fisheries, as well as the Ministry of Health for permission to
grow, manufacture, transport, research and export cannabis
products.
The Honorary Lascelles A. Chin, Founder, Chair and Chief Executive
Officer of LASCO,
commented on the announcement,
"We started LASCO with the mission to build the market for
Jamaica's products domestically and around the world, and we
recognized the opportunity to do that with the United Cannabis
brand. I've already had
visits from potential customers from Australia interested in placing large
orders, as well as
inquiries from territories including Canada, Italy, Europe, and
Ukraine wanting information on timing of production and
distribution. We are
eager to begin this new venture."
Earnest
Blackmon, Chief Executive Officer of United Cannabis,
went on to
say,
"We couldn't ask for a
better partner in
Jamaica than LASCO.
Their presence within the domestic market and
distribution channels
around the world are perfect for this endeavor. Working together
with Cannabinoid
Research and Development we have retained the facilities, resources
and staff needed to initiate our operation, and we intend to launch
as soon as we receive final approval from the Ministry of
Health."
About LASCO Manufacturing
Limited
LASCO
Manufacturing Limited is
one of the leading dry
blend beverage companies in Jamaica, including LASCO Food Drink, LaSoy Lactose Free,
Porridge Mix, Whole Milk and Readi Milk. In the 2016 - 2017
financial year, all of the products manufactured were distributed
through LASCO Distributors Limited for both the local and export
markets. LASCO's products are now exported to 22 countries throughout the Caribbean, Central
and South America, Canada, United Kingdom, and the United
States.
LASCO
has also
distinguished itself in its
dedication to the development of Jamaica and the region, through
educational and social programs and the delivery of assistance to
the less fortunate. LASCO has spearheaded and supported a wide range
of community development activities, including its Ambassadorial
Programs. These programs were initiated to recognize outstanding
Jamaicans such as teachers, police and
nurses.
About United Cannabis
Corporation
United
Cannabis Corporation is a biotechnology company dedicated to the
development of phyto-therapeutic based products supported
by patented technologies for the pharmaceutical, medical, and
industrial markets. The
Company has long advocated the application of cannabinoids for medical
applications and is building a platform for designing targeted
therapies to increase the quality of life for patients around the
world. Most of
the Company's products
are patent protected first in class medicines with
applications to a global market.
United Cannabis trades on the OTCQB under the
symbol CNAB.
For further
information, please visit www.unitedcannabis.us.
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.