Revenues for Legal Cannabis Operations Continue
To Rise Along with Growing Demand For CBD Based
Products
Palm Beach, FL, United States (ABN
Newswire) - In an article published on Forbes
last week*, Hemp-derived cannabidiol (CBD) is
projected to be a billion-dollar market in just
three years, according to a new report by
Brightfield Group*. Revenues being generated
from the legal cannabis and marijuana market
continues to push upward as leaders throughout
the industry announce positive financial results
and aim at surpassing initial benchmarks set
last year. This growth in the multi-billion
market is providing strong revenue potentials
for companies such as: PotNetwork Holding Inc.
(OTCMKTS:POTN), Canna Consumer Goods, Inc.
(OTCMKTS:CBMJ), Hemp, Inc. (OTCMKTS:HEMP),
Medical Marijuana, Inc. (OTCMKTS:MJNA), Cannabis
Science Inc. (OTCMKTS:CBIS)
PotNetwork Holding Inc. (OTCMKTS:POTN) announced
today that the Company has officially retained
the auditing services East West Accounting
Services, LLC, a Public Company Accounting
Oversight Board (PCAOB) registered CPA firm,
based out of South Florida. The firm will
provide a methodical review and analyzation, to
deliver a detailed report of the Company's
recent revenues and provide credible
verification. Read this and more news for POTN
at: http://www.marketnewsupdates.com/news/potn.html
East West Accounting Services, LLC is a Public
Company Accounting Oversight Board (PCAOB)
registered CPA firm, which provides audit,
review, and consulting services to smaller
capitalized public companies that are required
to provide financial information with the
Security and Exchange Commission.
Management has long strategized the initiation
of a PCAOB audit, whereas transparency is key to
the Company's strategy for growth and
fortification. Strategically, management
prepared for a level by which the time and money
required to proceed was warranted. A a string of
positive and profitable corporate events are the
catalyst for Diamond CBD's achievement of this
level, by which the Company has taken a
proactive approach to deepen accountability in
the public marketplace.
"We believe that the timing for this action is
now. In consideration of the amount of momentum
built up over the past 6 months, coupled with
reported revenues of $5,077,625 for the first
6-months of fiscal 2017, the only logical next
step was to initiate the auditing process,
whereby the market can recognize the
significance and legitimacy of the Company's
position, enabling the stock to begin better
reflecting the Company's true growth in value."
Stated, Gary Blum, Chief Executive Officer,
PotNetwork Holding Incorporated.
In other industry developments and market
performances of note:
Canna Consumer Goods, Inc. (OTCMKTS:CBMJ)
Developments: Canna Funding Solutions who
provides advertising and marketing funding for
companies in the cannabis sector announced today
that they have purchased $100,000.00 in media
placements with premier cannabis broadcasting
company Canna Broadcast Media/Loudmouth News
http://cannabroadcastmedia.com/
The mainstream media will be used to promote
companies that we seek to invest in during the
MJAC2017 Investorshub International Cannabis
Conference powered by Canna Broadcast Media in
Los Angeles Sept. 1st-2nd 2017
http://mjac2017.com/
Canna Broadcast Media/Loudmouth News who has
established relationships in Radio, Print, TV,
and online media on a national basis produces
several cannabis based content programs
including Loudmouth News currently cleared to
air on over 700 radio stations nationwide.
Hemp, Inc. (OTCMKTS:HEMP) announced this week
The Hemp University will hold its 4th
educational symposium entitled: The Hemp Oil
Event (The Art & Science of CBD Oil) on
Saturday, September 30, 2017 from 8:30am -
5:00pm. The event will be held at the Peachtree
Hills Country Club, 3512 Peachtree Hills Road,
Spring Hope, NC 27882. The educational
symposium, The Art & Science of CBD Oil, will
bring attendees up to speed on all business and
scientific aspects of Industrial Hemp CBD
cannabinoids by disseminating current, reliable
information that continues to shape the
revolutionary CBD market.
Medical Marijuana, Inc. (OTCMKTS:MJNA) announced
last week that its subsidiary, Kannaway LLC the
first hemp lifestyle network to offer
cannabidiol (CBD) hemp botanical products is
holding an exclusive Red-Carpet Event in
Phoenix, AZ this weekend, August 26th. The
Red-Carpet Event provides a unique opportunity
to network with top Kannaway leaders, the
company's executive team and other industry
professionals. Participants will hear from
executive team members, including Kannaway CEO
Blake Schroeder, President Brad Tayles and CEO
of Kannaway parent company Medical Marijuana,
Inc., Dr. Stuart Titus. Additionally, the
Red-Carpet Event will provide Kannaway business
owners with exclusive opportunities to
accelerate their success as brand ambassadors by
hearing from some of the top leaders and highest
income earners.
Cannabis Science, Inc. (OTCMKTS:CBIS), a U.S.
company specializing in the development of
cannabinoid-based medicines, and Free Spirit
Organics Native American Corporation (FSO NAC)
are announced late last week significant
comprehensive educational, economic, and
property development plans are underway for its
250-acre CBIS/FSO NAC MBS industrial hemp
project. To date, there have been approximately
25-30 part-time workers from the community hired
so far, and it is expected that another 50-75
people will be hired before the harvest is
completed. The harvesting process is very labor
intensive and very seasonal until the staggering
process has been completed for year-round
harvesting.
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Article in Forbes, link:
http://www.abnnewswire.net/lnk/9498EV7T
Brightfield Group report, link:
http://www.abnnewswire.net/lnk/WUOZ3YX1
SOURCE MarketNewsUpdates.com
Cannabis Science Launches a Global Consortium and
Announces Updates on Its Drug Development
Initiatives and Research Collaborations
IRVINE, CA--(Marketwired
- Aug 23, 2017) - Cannabis Science, Inc. (OTC
PINK: CBIS),
a U.S. company specializing in the development
of cannabinoid-based medicines, is pleased to
announce the launch of the Cannabis Science
Global Consortium and to provide updates on the
Company's drug development initiatives and
research collaborations.
The Cannabis Science
Global Consortium provides the Company with a
framework to cooperate and collaborate with
stakeholders worldwide. "The objective of our
consortium is to harness the collective
expertise of our global partners to investigate
the use of Cannabinoids for the treatment of a
variety of indications, including cancers,
neurological conditions, pain management, the
treatment of HIV and AIDS, and epilepsy," stated
Mr. Raymond C. Dabney, President, Chief
Executive Officer, Co-founder, and Director of
Cannabis Science. "The Cannabis Science Global
Consortium will link universities, foundations,
corporations, and individuals to share research,
ideas, and other relevant information, as well
as to implement a cutting-edge research program
to develop medicines and delivery mechanisms
from bench-to-bedside." The Cannabis Science
Global Consortium will also enable the Company
to more strategically coordinate its
initiatives, including those focused on
education, job creation, and skills training.
Cannabis Science is
aggressively expanding the Company's network of
research centers. Negotiations are ongoing with
several academic institutions in the United
States and internationally to establish new,
collaborative research agreements. These
contracts will focus on several indications, and
are expected to expand the research funded and
directed by the Company. In addition, Cannabis
Science will develop multi-center, clinical
trial networks with cannabinoid drug
development.
Cannabis Science
currently has several research programs underway
that have produced initial results that are
critical in the Company's early phase cancer
drug development plan. "These initial results
are better than expected and are helping
Cannabis Science refine our drug development
program," stated Dr. Allen Herman, Chief Medical
Officer of Cannabis Science. "Based on our
progress to date, we expect to conclude
pre-clinical work on a few cannabinoids over the
next several months, and begin clinical trials
in 2018. This timeline is consistent with the
Company's overall development strategy."
There are three
primary elements in Cannabis Science's drug
development program: (1) Defining the
effectiveness and specificity of cannabinoids
being tested; (2) Identifying and testing drug
delivery mechanisms; and (3) Testing and
evaluating the impact of co-interventions, and
the application of additional diagnostic and/or
therapeutic procedures to participants in our
randomized controlled trials. The Company's
initial results point to the importance of drug
delivery systems and the impact of
co-interventions.
"These initial
experiments follow the outlines of the proposed
research described in the 2016 National
Academies of Sciences, Engineering, and Medicine
Report on the use of Cannabinoids in medical
care," said Dr. Herman "This work defines the
vital early steps in our drug development
program that will bring new pharmaceuticals to
the treatment of many diseases."
About Cannabis
Science, Inc.
Cannabis Science,
Inc. takes advantage of its unique understanding
of metabolic processes to provide novel
treatment approaches to a number of illnesses
for which current treatments and understanding
remain unsatisfactory. Cannabinoids have an
extensive history dating back thousands of
years, and currently, there are a growing number
of peer-reviewed scientific publications that
document the underlying biochemical pathways
that cannabinoids modulate. The Company works
with leading experts in drug development,
medicinal characterization, and clinical
research to develop, produce, and commercialize
novel therapeutic approaches for the treatment
for illnesses caused by infections as well as
for age-related illness. Our initial focus is on
cancers, HIV/AIDS, and neurological conditions.
The Company is proceeding with the research and
development of its proprietary drugs as a part
of this initial focus: CS-S/BCC-1, CS-TATI-1,
and CS-NEURO-1, respectively
MORE
Breaking News: CBIS/FSAO NAC Harvest Planning Session
Held Yesterday Has Accelerated the Completion of the
60-acre Industrial Hemp Project Planted on the 250 acre
CBIS/FSO NAC MBS001 Plot Currently Under Harvest
IRVINE, CA--(Marketwired
- Aug 17, 2017) - Cannabis Science, Inc. (OTC
PINK: CBIS),
a U.S. company specializing in the development of
cannabinoid-based medicines, and Free Spirit
Organics Native American Corporation (FSO NAC) is
pleased to announce that after yesterday's planning
session the group has accelerated the completion of
the 60-acre project planted on the 250-acre CBIS/FSO
NAC MBS001 plot currently underway.
The 2017 CBIS/FSO NAC
MBS001 harvest schedule has been accelerated to
immediately complete harvesting the 15-acre Phase 1
immediately. The Phase 2 harvest will begin and be
completed very shortly thereafter. The management
group is now hiring approximately 25 additional
local workers to assist in this massive endeavor,
and this direct community job creation initiative is
a very important part of its Native American
economic development plan for our industrial hemp
project on San Joaquin Sovereign Tribal Fee land
MBS, California.
"The 2017 CBIS/FSO NAC
MBS001 harvest is going much better than expected,
with the plants growing very fast," stated Cannabis
Science CEO and CO-Founder, Mr. Raymond C. Dabney. "Many
are over 6 feet tall and 5 feet wide right now. They
were all planted about ten feet apart and now they
are beginning to grow into each other and are
nearing peak growth. This is a good problem to have
when your plants are over 5 to 6 feet tall and over
5 feet wide and there are literally rows and rows of
trees growing in sync with the branches so heavy at
the bottom they are beginning to break off. Some of
the larger branches are beginning to touch the
ground leading to the accelerated harvest schedule.
"The timing of harvest
is very important because at this point of the
growth cycle we can maximize production and
extraction usage profiles. We are bringing in extra
equipment and arranging additional secure storage
space to handle this large amount of raw product.
The additional equipment needed for extraction of
industrial and medicinal oils and fibrous products
of this Hemp crop is being acquired now and some of
the on-site equipment is being retrofitted now for
such a mass production on the site, this will enable
a much larger processing ability to start
immediately.
"The 2017 CBIS/FSO NAC
MBS001 harvest is still expected to yield
approximately 70,000-pounds of raw inventory with
wholesale numbers around $500.00 per lb. Again,
there is a possible high demand for quantity and
high quality profiles that can create a considerable
increase in value for the initiative. The Native
American initiative is certainly one of our key
projects and now is the time that loyal shareholders
have been waiting for. This is another key indicator
that our growth schedule is on track and our success
is at hand," stated Cannabis Science CEO and
CO-Founder, Mr. Raymond C. Dabney.
About Cannabis Science,
Inc.
Cannabis Science, Inc. takes advantage of its unique
understanding of metabolic processes to provide
novel treatment approaches to a number of illnesses
for which current treatments and understanding
remain unsatisfactory. Cannabinoids have an
extensive history dating back thousands of years,
and currently, there are a growing number of
peer-reviewed scientific publications that document
the underlying biochemical pathways that
cannabinoids modulate. The Company works with
leading experts in drug development, medicinal
characterization, and clinical research to develop,
produce, and commercialize novel therapeutic
approaches for the treatment for illnesses caused by
infections as well as for age-related illness. Our
initial focus is on skin cancers, HIV/AIDS, and
neurological conditions. The Company is proceeding
with the research and development of its proprietary
drugs as a part of this initial focus: CS-S/BCC-1,
CS-TATI-1, and CS-NEURO-1, respectively.
About Marijuana Stock Reporting.net
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