Cannabis Strategic Ventures and Sunniva Inc. enter into Cannabis Extraction Services Agreement
July 17 2018 - 8:30AM
InvestorsHub NewsWire
Cannabis
Strategic Ventures and Sunniva Inc. enter into Cannabis Extraction
Services Agreement
Los Angeles, CA and Vancouver, BC --
July 17, 2018 -- InvestorsHub NewsWire -- Cannabis Strategic
Ventures, Inc. (“Cannabis Strategic”)(OTC
Pink: NUGS) and Sunniva Inc. (“Sunniva”)(CSE:SNN) (OTCQX:SNNVF)
are pleased to announce the signing of a cannabis concentrate
extraction services agreement between CP Logistics, LLC (“CPL”),
Sunniva’s wholly-owned U.S. subsidiary and Pure Applied Sciences,
Inc. (“PAS”), Cannabis Strategic’s wholly-owned subsidiary.
Under the terms of the agreement, CPL will perform white label
services producing high quality, ultra-purified cannabis extracts
out of its Sun-Oil Facility in Cathedral City, California for PAS
under the “Pure Organix™” brand name, which was recently acquired
by Cannabis Strategic. PAS will continue to focus on developing
additional formulations, intellectual properties and brands for
future licensing opportunities. The agreement is for a 12-month
term that may be renewed for an additional 12 months at the request
of PAS at the expiry of the initial term.
“We have selected Sunniva because of
its emphasis on creating great products for great brands,”
commented Simon Yu, CEO of Cannabis Strategic. “We created
the Pure Sciences brand based on premium quality and sound
manufacturing practices. Sunniva shares our values relative
to the area and we are pleased to have them as our
manufacturer. We are especially impressed with their plans to
build greenhouse and extraction facilities compliant with Current
Good Manufacturing Practice (“cGMP”) standards.”
The agreement calls for CPL to
initially produce cannabis oils for use in PAS’ vape pen
cartridges, but expansion into other product areas is
expected.
Tony Holler, CEO of Sunniva, commented,
“As one of the highest quality producers in the marketplace, we
believe we are in an excellent position to provide brand product
manufacturing services for Cannabis Strategic. Both of
our firms share the vision of becoming leaders in providing clean,
medical grade cannabis products to consumers. We welcome
Cannabis Strategic to our growing portfolio of
customers.”
About Cannabis Strategic
Ventures
Cannabis Strategic Ventures is based
in Los Angeles and is focused on supporting
entrepreneurial growth within the fast-growing legal cannabis
sector. The company, recently completed a name and symbol change
from Cascade Energy, Inc. Cannabis Strategic Ventures offers
outsourced personnel solutions that are tailor made to match the
growth dynamics of cannabis cultivators, manufacturers,
dispensaries, and other cannabis marketplace participants. Cannabis
Strategic Ventures is publically traded on the U.S. Over the
Counter Market with the stock symbol NUGS.
About Sunniva
Inc.
Sunniva, through its subsidiaries, is a
vertically integrated cannabis company operating in the world’s two
largest cannabis markets – Canada and California – where we are
committed to delivering safe, high-quality products and services at
scale and creating trusted Sunniva
branded cannabis products. Our vision is to
become one of the lowest cost,
highest quality vertically integrated cannabis
producers in the markets we serve by building large scale
purpose-built current cGMP designed greenhouses
and expansion of retail locations, offering
better quality assurance with cannabis products free from
pesticides, providing better customer access to cannabis
education and sourcing better therapeutic delivery
devices. Sunniva’s management and board of directors have
a proven track record for creating significant shareholder value
both in the healthcare and biotech industries.
For more information please visit:
www.sunniva.com
Neither Canadian Securities Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
FORWARD-LOOKING STATEMENTS: This
release contains "forward-looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995 and other applicable securities laws.
All statements that are not historical facts, including without
limitation, statements regarding future estimates, plans, programs,
forecasts, projections, objectives, assumptions, expectations or
beliefs of future performance are forward-looking
statements. Forward-looking statements can be
identified by the use of words such as “plans”, “expects” or “does
not expect”, “is expected”, “estimates”, “intends”, “anticipates”
or “does not anticipate”, or “believes”, or variations of such
words and phrases or statements that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results, events or developments to be materially different
from any future results, events or developments expressed or
implied by such forward-looking statements. Such risks and
uncertainties include, among others, the risk factors included in
the companies’ continuous disclosure documents. These factors
should be considered carefully, and readers are cautioned not to
place undue reliance on such forward-looking statements. Although
the companies have attempted to identify important risk factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other risk factors that cause actions, events or
results to differ from those anticipated, estimated or intended.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in forward-looking
statements. The companies assume no obligation to update any
forward-looking statement, even if new information becomes
available as a result of future events, new information or for any
other reason except as required by law.
Contact for Cannabis Strategic
Ventures:
Simon Yu
Phone:+1-310-359-6860
Email: info@cannabisstrategic.com
Website: http://www.cannabisstrategic.com
Contact for
Sunniva:
Dr. Anthony Holler
Chairman and Chief Executive
Officer
ir@sunniva.com
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