United Cannabis Corporation Enters Partnership With The NuAxess 2, Inc. Self-Funded Health Insurance Platform NuAcess Will Endorse The Company's Patented Prana Hemp Products To Select Members Of Its Health Insurance Plans PR Newswire DENVER, Sept. 26, 2019 DENVER , Sept. 26, 2019 /PRNewswire/ -- United Cannabis Corporation (OTCBB: CNAB) (the "Company" or "United Cannabis") today announced that it has entered into an agreement with NuAxess 2, Inc., a provider of self-funded health insurance...
United Cannabis Corporation Commences Hemp Extraction Operations In Tennessee Facility Provides Extraction And Other Processing Services And Product Manufacturing Across Southeast PR Newswire DENVER, Sept. 12, 2019 DENVER , Sept. 12, 2019 /PRNewswire/ -- United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that it has initiated extraction services at its majority-owned processing plant in McMinnville, Tennessee (the "Facility"). The Company established...
DENVER, Aug. 20, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced the appointment of Dr. Gregory Gerdeman, Ph.D., as Chief Scientific Officer. Professor Gerdeman’s primary focus will be supporting the Company’s research efforts and expanding its A.C.T. Now Program. Dr. Gerdeman is one of the country’s foremost authorities on the physiological actions of medical cannabis and the endocannabinoid system (ECS). His...
DENVER, Aug. 15, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced that it has begun selling its patented Prana Hemp products as well as hemp-derived extracts in Italy, and shortly will be selling these products in Switzerland, through a partnership with Cloud 9 Switzerland. Cloud 9 Switzerland is a based in Lugano Switzerland, with active affiliates in Italy, Switzerland, France and Jamaica. Cloud 9 Switzerland also...
DENVER, Aug. 06, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTC: CNAB) (the “Company” or “United Cannabis”) today announced that it has initiated distribution in the Cayman Islands for its patented Prana Hemp products as well as hemp-derived extracts. In November 2016, Cayman Islands Governor Helen Kilpatrick approved changes to the Island’s Misuse of Drugs Law, allowing for the “use of cannabis extracts and tinctures of cannabis for medical or therapeutic purposes, where...
DENVER, July 25, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced that its Joint Venture, Jamaica-based Cannabinoid Research & Development (“CRD”), has been issued a license to cultivate cannabis within Jamaica by the Country’s Cannabis Licensing Authority (CLA). Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “Jamaica represents a significant market opportunity and...
DENVER, July 18, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) today provided preliminary, unaudited figures on revenues for the first six months of 2019 and offers guidance for the year. Revenues for the first six months of 2019 are expected to be $8.1 million, and approximately $30.5 for the year; the Company’s revenues for 2018 totaled $7.2 million. The increase in revenue is primarily attributed to the Company’s hemp...
DENVER, July 16, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced it has been contracted to provide a single customer with its hemp-derived CBD isolate oil for a period of 100 weeks. The fair market value of the agreement is estimated to be between $30 to $42 million, based on mutually agreed-price adjustments. The CBD isolate will be processed at the Company’s 14,300 square foot, state-of-the-art extraction...
DENVER, July 11, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced that Clifton Lambreth has signed on as the Chief Marketing Officer, effective immediately. Renowned for his business development and strategic planning capabilities, Mr. Lambreth has worked with over 250 companies and organizations throughout his career. He spent 26 years at the Ford Motor Company in various divisions - including Fleet Management,...
DENVER, July 09, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced it has signed a $16.25 million contract with a single customer to provide crude CBD oil over a period of 26 weeks. The Contract will be processed at the Company’s 14,300 square foot, state-of-the-art extraction facility in Mead, Colorado. Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “This contract is a...
LOS ANGELES, June 27, 2019 (GLOBE NEWSWIRE) -- California Legislature today approved additional fines and penalties that can be levied on unlicensed commercial cannabis operators. The “ trailer bill ” allows for a $30,000 per day administrative fine for each violation by an unlicensed cannabis business. The fines are assessed by any of the State’s cannabis licensing authorities, including the Bureau of Cannabis Control, CalCannabis and the California Manufactured Cannabis Safety Branch....
DENVER, June 18, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced the appointment of David J. Scott to the Company’s Board of Directors. Mr. Scott has served as a member of the Company’s Advisory Board since February 2017. "Over the past two years I’ve observed firsthand the overwhelming satisfaction the Company’s cannabis and hemp-derived products provide for people unhappy with traditional pain and sleep...
DENVER, April 25, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) surpassed a significant hurdle in its pending patent infringement case against Pure Hemp Collective when United States District Judge William Martinez held that “[d]espite the ambiguities, the Court is convinced under the current state of the case law that the challenged claims of the 911 Patent are not directed at unpatentable subject matter . . . Pure Hemp has...
DENVER, April 02, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) today announced that it has entered into a Partnership with John Easterling, environmentalist and founder of the multi-million dollar Amazon Herb Company, to create and produce formulations that combine the health benefits of cannabinoids with botanicals from the Amazonian Rainforest. Mr. Easterling turned a fascination with South America into a lifelong pursuit. His...
Construction to Begin Shortly, Processing Facility Expects to be Operational by the Third Quarter DENVER, CO / ACCESSWIRE / February 12, 2019 / United Cannabis Corporation (OTCQB: CNAB) (the ''Company'' or ''United Cannabis'') today announced that it has entered into a Joint Venture with Blue Water Green Bridge, LLC (Blue Water) a South Carolina company, to establish an industrial hemp processing plant. The new venture is named Magnolia Botanicals LLC, (''Magnolia''). Initially, Magnolia will...
Company Continues To Expand Its Industrial Hemp Service Offerings DENVER, CO / ACCESSWIRE / January 15, 2019 / United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that it has launched an industrial hemp testing facility in Golden, Colorado. The Company will provide independent testing for processors and manufacturers working under the 2018 Federal Farm Bill and Colorado's Department of Agriculture's Industrial Hemp Program. The facility is currently...
DENVER, CO / ACCESSWIRE / December 13, 2018 / United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today provided an update on its operations. The Company experienced a 60-day delay in the delivery of industrial hemp processing equipment to its facility in Mead, Colorado, causing a delay in the scheduled expansion of its capacity at that facility as well as related revenue. Presently, revenues for the 4th Quarter of 2018 are estimated to be approximately $2,000,000 to...
Company To Report $2 Million In Revenue For The Third Quarter, Forecasting $10 Million For the Year DENVER, CO / ACCESSWIRE / October 9, 2018 / United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today provided preliminary, unaudited figures on revenues for the third quarter 2018 and offered guidance for the year. Revenues for the third quarter 2018 are $2 million, and approximately $4.2 for the year to date. Although consistent with the second quarter, the results...
Company Is Initiating Activities To Establish Infrastructure For The Cultivation, Processing, Transportation and Research Of Cannabis DENVER, CO / ACCESSWIRE / September 25, 2018 / United Cannabis Corporation (OTCBB: CNAB) (the "Company" or "United Cannabis") today announced that its Joint Venture (the "Joint Venture" or "UCANN/CRD"), which is 50% owned with Jamaica-based Cannabis Research & Development ("CRD"), has received conditional approval of its license to cultivate, process, transport...
Phase 1 Study Is Being Conducted At Jamaica's Caribbean Institute For Health Research DENVER, CO / ACCESSWIRE / August 1, 2018 / United Cannabis Corporation (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that it has initiated clinical trials on its Prana Bio Nutrient Medicinals P1 Capsules for the treatment of chronic pain at Jamaica's University of the West Indies. The study, titled, "An Open Label, Phase 1, 2-Way crossover study evaluating the pharmacokinetics of Prana P1...