DGAP-News: CannaVest Corp. /
CannaVest Corp.'s PhytoSphere Systems Wins Its Third High Times
Medical Cannabis Cup for Highest Cannabidiol (CBD) Concentrate
12.02.2014 / 15:00
---------------------------------------------------------------------
Company Earns Unprecedented Third Consecutive Highest CBD Concentrate Award
From Prototype Industrial Hemp Oil
SAN DIEGO, 2014-02-12 15:00 CET (GLOBE NEWSWIRE) --
CannaVest Corp. (OTC:CANV), the world's leading industrial hemp company
spearheading the development of cannabidiol (CBD)-rich hemp oils and other hemp
industry products and services, proudly announces that its wholly-owned
subsidiary, PhytoSphere Systems LLC, won its third consecutive High Times
Medical Cannabis Cup award for 'Highest Cannabidiol (CBD) Concentrate' with the
pharmaceutical-grade CBD-rich hemp oil prototype, CBD Simple(tm).
The 2014 Los Angeles High Times Medical Cannabis Cup win is the latest in many
awards for CBD Simple(tm), which also won the 2013 High Times Cannabis Cup
competition in Amsterdam and the 2013 Seattle High Times Cannabis Cup for
Highest (hemp) CBD Concentrate. In addition, CBD Simple(tm) took top honors at
the
2013 Michigan Medical Marijuana Conference 'Green Cup' contest for Highest CBD
Concentrate.
The record-breaking prototype pharmaceutical CBD extract is not available to
the public for purchase, but is intended for future product development. Dr.
Joshua Hartsel, senior research scientist and head of research and development
for CannaVest and PhytoSphere Systems, developed CBD Simple(tm) to explore the
exciting potential of CannaVest's world-class laboratories. With the help of
life sciences industry veteran Greg Waterbury (Project and Laboratory Manager)
and Ryan Lamer (Research Scientist), the three have come up with several
innovative techniques that have taken CannaVest CBD-rich hemp oil products to
new industry standards.
'Winning our third Cannabis Cup in less than a year is a major accomplishment,'
says Michael Mona III, VP of Operations for CannaVest Corp. 'With each
competition, we are seeing significantly more entrants and more product
submissions in the category. We were impressed by the increase in awareness of
CBD-rich cannabis oils, and the industry focus on a higher level of quality and
potency. We were thrilled to come away with another first place finish over 40
other competitors.'
'We are encouraged by our repeated success at High Times Cannabis Cup
competitions around the world,' says Dr. Hartsel. 'The increased visibility we
are receiving has resulted in a number of inquiries about our CBD-rich hemp
oil, and we are proud of the quality, consistency, and supply we provide. Our
team has worked very hard to maintain this level of excellence, and we look
forward to the increased demand for our award-winning product.'
In addition to CBD Simple(tm), PhytoSphere Systems is responsible for developing
CBD-rich hemp oil products like Real Scientific Hemp Oil (RSHO)(tm) -- the
highest
quality, all-natural, super concentrated CBD nutritional supplement on the
market today; Cibdex(tm), an everyday CBD-rich hemp oil supplement available in
100mg and 500mg tinctures and 25mg vegan capsules; and Cibaderm(tm), a CBD-rich
hemp oil infused personal care line that includes first-of-its-kind hair care,
body care, lotions and salve.
About CannaVest Corp.
CannaVest Corp. is in the business of investing and developing hemp-based
businesses. CannaVest Corp. also develops, produces, markets and sells
end-consumer products to the nutraceutical industry containing the hemp plant
extract, cannabidiol (CBD). Additionally, the company resells -- to third
parties -- raw product acquired by CannaVest Corp. pursuant to the company's
supply international relationships. CannaVest seeks to take advantage of an
emerging worldwide trend to re-energize the production of industrial hemp and
to foster its many uses for consumers. Cannabinoids (cannabidiol/CBD) are
natural constituents of the hemp plant, and CBD is derived from hemp stalk and
seed. Additional information is available from OTCMarkets.com or by visiting
CannaVest.com.
About PhytoSphere Systems
PhytoSphere Systems is a global phytocannabinoid biotechnology company based in
San Diego, California and a wholly-owned subsidiary of CannaVest Corp.
(OTC:CANV). The company utilizes advanced cultivation methods and
state-of-the-art processing technology leading to development of
pharmaceutical, nutraceutical and food products.
PhytoSphere Systems, the manufacturer of the CBD-rich hemp oil used in Real
Scientific Hemp Oil (RSHO), has developed special cultivars (similar to
'strains') that produce hemp that is especially rich in CBD, making it possible
for PhytoSPHERE to offer all-natural products with high concentrations of
hemp-based CBD. For more information, visit: PhytoSphereSystems.com
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to
diagnose, treat or cure any disease.
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 and Section 21E of the Securities Exchange Act of 1934, 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 are involved with federally legal
distribution of medical marijuana-based products within certain international
markets. Cannabidiol is a natural constituent of hemp oil.
CONTACT: Corporate Contact:
CannaVest Corp.
2688 South Rainbow Avenue, Suite B
Las Vegas, NV 89146
Phone: 866-290-2157
www.cannavest.com
News Source: NASDAQ OMX
End of Corporate News
---------------------------------------------------------------------
12.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: CannaVest Corp.
United States
ISIN: US1376531018
End of News DGAP News-Service
---------------------------------------------------------------------
252328 12.02.2014
DGAP-News: CannaVest Corp.'s PhytoSphere Systems Wins Its Third High Times Medical Cannabis Cup for Highest Cannabidiol (CBD) Concentrate
| Source: EQS Group AG