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Cannabis Science, Inc. (CBIS)

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CannabisScience.com

Contact Us
Cannabis Science, Inc.
6946 North Academy Boulevard
Suite B #254
Colorado Springs, CO 80918
Email: info@cannabisscience.com
Tel: +1 (888) 777-0658
Fax: +1 (866) 943-5085

INVESTOR INQUIRIES
Robert Kane - CFO & Director
Email: robert.kane@cannabisscience.com
Tel: +1 (561) 420-4824

 

                                         The Science of Cannabinoids

Recent advances in science have opened the door to develop, produce, and commercialize, a variety of effective whole plant cannabinoid based pharmaceutical products with a wide variety of important applications.
Although cannabis has been used medicinally for thousands of years, until very recently little was known about how it actually worked. Some uses of cannabis are well known, such as alleviating nausea and stimulating the appetite for people with AIDS and cancer.

Other well-known uses include chronic pain, and reducing muscle spasms associated with neuromuscular disorders like MS and spinal cord injuries. Some current uses are poorly understood, such as its effectiveness in alleviating certain autoimmune disorders such a Crohn's Disease.

 

Our Market


The mainstream pharmaceutical industry is capital-intensive and constrained by high regulatory hurdles, making the profitability of any particular product a long-term prospect. Cannabis Science™ is different in three key respects:
The Company will, at least in its first phase of existence, deal primarily in intellectual properties "patents on products and processes" leaving capital-intensive problems such as regulatory compliance, mass production and marketing to the "old guard" pharmaceutical companies who license our patents.
We will focus on a relatively new and under-explored niche in the pharmaceutical market: Whole-plant cannabinoid compounds derived from certified organic ingredients. The existing pharmaceutical industry is heavily geared, by inclination and in terms of infrastructure, toward the development and testing of synthetic compounds.
Cannabis Science™ has strong roots in, and an established relationship of trust with, the US and Canadian medical cannabis patient communities. In the course of product and process development, we'll do "well" by doing "good" - our products will receive baseline efficacy testing in that community. Since medical cannabis already inherently exceeds all reasonable standards of safety, potential licensees will approach the regulatory process with a reasonable expectation that the products and processes they license will easily exceed that process's safety and efficacy standards. Thus our products and processes will enjoy a significant advantage over previously untested synthetics.

 

Board Of Directors

Dr. Robert J. Melamede, Ph.D.  - President & Director
Dr. Melamede has a Ph.D. in Molecular Biology and Biochemistry from the City University of New York. He retired as Chairman of the Biology Department at University of Colorado, Colorado Springs in 2005, where he continues to teach. Dr. Melamede is recognized as a leading authority on the therapeutic uses of cannabis, and has authored or co-authored dozens of papers on a wide variety of scientific subjects. Dr. Melamede also serves on the Advisory Board of The Journal of the International Association for Cannabis as Medicine, and the Scientific Advisory Board Medical of the Marijuana Policy Advocacy Project, as well as the Scientific Advisory Board of Americans for Safe Access. He also served as a director of Newellink Inc, a Colorado-based company specializing in cancer research.

Dr. Dorothy Bray, Ph.D. - Chief Executive Officer and Director
Dr. Dorothy Bray, Ph.D., Former Global Director of HIV Research and Senior Clinical Program Head of HIV and Opportunistic Infections for GlaxoSmithKline. Dr. Bray held various positions of responsibility at GlaxoSmithKline.

Dr. Bray is the President and owner of ImmunoClin as well as a member of the Scientific Staff and the Head of Scientific Business Development of The Medical Research Council Clinical Trials Unit. As well, Dr. Bray has authored or co-authored multiple publications and has an extensive network of collaborations and contacts with pharmaceutical companies, governments, and non- government organizations in key developed and developing markets; European Commission Scientific Expert.
Robert Kane - Chief Financial Officer and Director
Mr. Kane wrote his first business plan in 1996. In 1998, he was hired at Ryan, Beck, and Company, which was bought by the 120-year-old, top ten, financial firm Stifel Nicolaus (NYSE: SF) as a registered representative.  
On December 31,
2009, Mr. Kane walked away from the financial markets and started his own firm, Robert Kane Partners, which specializes in business and management planning, investor presentations, and investor relations.  
Mr. Kane held the position of Director of Investor Relations for Medical Marijuana, Inc., the first ever publicly traded medical marijuana company. He also held the position of Chief Financial Officer for “Cannabiz Business University.”  Robert Kane's mission is transforming and leading the Medical Cannabis Industry into a viable investment alternative for all types of investors.
 

 


Dr. Roscoe M. Moore, Jr., D.V.M., Ph.D., D.Sc.
Until his retirement, Dr. Roscoe M. Moore, Jr. served with the United States Department of Health and Human Services (HHS) and was for the last twelve years of his career the principal person responsible for global development support within the Office of the Secretary, HHS, with primary emphasis on Continental Africa and other less developed countries of the world. He was the principal liaison person between the HHS and Ministries of Health in Africa with regard to the development of infrastructure and technical support for the delivery of preventive and curative health needs for the continent.Dr. Moore received his Bachelor of Science and Doctor of Veterinary Medicine degrees from Tuskegee Institute; his Master of Public Health degree in Epidemiology from the University of Michigan; and his Doctor of Philosophy degree in Epidemiology from the Johns Hopkins University. He was awarded the Doctor of Science degree (Honoris Causa) in recognition of his distinguished public health career by Tuskegee University.
Dr. Moore was a career officer within the Commissioned Corps of the United States Public Health Service (USPHS) entering with the U.S. National Institutes of Health (NIH) and rising to the rank of Assistant United States Surgeon General (Rear Admiral, USPHS) within the Immediate Office of the Secretary, HHS. He was selected as Chief Veterinary Medical Officer, USPHS, by Surgeon General C. Everett Koop.
Dr. Moore served as an Epidemic Intelligence Service Officer with the U.S. Centers for Disease Control and Prevention (CDC). He was with the Center for Veterinary Medicine, U.S. Food and Drug Administration (FDA), before becoming Senior Epidemiologist within the National Institute for Occupational Safety and Health, CDC. He served as the Chief Epidemiologist with the Center for Devices and Radiological Health, FDA. He directed the Epidemiology and Biostatistics Program and was an Assistant Professor of Oncology within the Howard University College of Medicine Cancer Center.

Dr. Dorothy Bray, Ph.D.
Dr. Dorothy Bray, Ph.D., Former Global Director of HIV Research and Senior Clinical Program Head of HIV and Opportunistic Infections for GlaxoSmithKline, to the Company’s Scientific Advisory Board. Dr. Bray held various positions of responsibility at GlaxoSmithKline.
Dr. Bray is the President and owner of ImmunoClin as well as a member of the Scientific Staff and the Head of Scientific Business Development of The Medical Research Council Clinical Trials Unit. As well, Dr. Bray has authored or co-authored multiple publications and has an extensive network of collaborations and contacts with pharmaceutical companies, governments, and non- government organizations in key developed and developing markets; European Commission Scientific Expert.
Dr. Bray’s extensive experience in the field of HIV drug development will compliment Cannabis Sciences’ prestigious Scientific Advisory Board as the company embarks on the research and development of a phytocannabinoid based HIV TAT inhibitor. Dr. Bray has significant expertise in clinical development and market positioning for novel drugs.

 

Policy Advisory Board

Robert Raich Esq
Robert A. Raich practices law in Oakland, California, and is a graduate of Harvard University and the University of Texas School of Law. He is one of the most respected attorneys in the area of medical marijuana. He is General Counsel of the Oakland Cannabis Buyers' Cooperative, and was one of the attorneys in the U.S. Supreme Court case, United States v. Oakland Cannabis Buyers' Coop. and another federal medical cannabis case. He is a member of the California Attorney General's Medical Marijuana Task Force (Chairman, Caregiver Issues Subcommittee).

Sean T. McAllister Esq
Sean T. McAllister is public interest attorney with offices in Denver and Summit County. Sean has been involved with drug policy reform efforts for over a decade. Sean serves as the Chair of the Board of Directors of Sensible Colorado. Sean is a lifetime member of the NORML Legal Committee. He is a member and Board member of the Colorado Criminal Defense Bar. He helped start the Colorado Bar Association Criminal Sentencing Project in 2005 to focus on criminal justice and drug policy reform. Recently, Sean was appointed to the Governor's Drug Policy Task Force, which is working on reducing drug-sentencing laws to save the state money while maintaining public safety. Along with Brian Vicente, Sean recently founded the Canna-Business Institute designed to educate dispensary owners and caregivers on how to legally operate medical marijuana businesses in Colorado.

Warren Edson Esq
Warren Edson is an experienced criminal defense lawyer in Colorado having taken part in over 1,000 trials. He is also one of the organizers of Colorado's Medical Marijuana Law, Amendment 20, and is a Lifetime Member, NORML Legal Committee, and is a member, Colorado Criminal Defense Bar, and the National Association of Criminal Defense Lawyers, and is a Board Member, Colorado NORML.

Robert J. Corry, Jr. Esq
Robert J. Corry, Jr. is a Denver-based civil rights and criminal defense attorney, specializing in medical marijuana, who has successfully litigated several high profile cases around the country. He is admitted to the bars of Colorado, California, and Washington, D.C., federal courts in these jurisdictions, as well as the U.S. Supreme Court. Mr. Corry earned his law degree from Stanford University.

Brian Vicente, Esq
Brian Vicente, Esq., a Denver defense attorney who serves as executive director of Sensible Colorado, the states leading non-profit working for medical marijuana patients and caregivers. He is also the chairman of the Denver Mayor's Marijuana Policy Review Panel and coordinates the Colorado Bar Association's Drug Policy Project. He was awarded the prestigious Gideon award for his free speech advocacy during the 2008 Democratic National Convention.

 

Products Overview

Our products, broadly described, is medical cannabis - a term which encompasses a wide variety of products, ranging from plants grown by patients for their own use to pharmaceutical products developed from one or more of the cannabinoid compounds found in the whole cannabis plant.

Cannabinoids are a group of terpenophenolic compounds present in Cannabis (Cannabis sativa L). Currently, 538 natural compounds were identified from this plant.  43 of these 108 are identified as cannabinoids, which are C21 compounds uniquely present in Cannabis sativa L. There are ten main types of cannabinoids and fourteen different cannabinoid subtypes. Tetrahydrocannabinol (THC) is the principal psychoactive ingredient in cannabis, but it also has other effects. Cannabidiol (CBD) and cannabinol (CBN) are the other two most prevalent natural cannabinoids and have received the most study. All three are listed as ingredients in Sativex®, the only multi-cannabinoid medicine currently approved for marketing (only in Canada.)

Cannabinoids were first discovered in the 1940s, when CBD and CBN were identified. THC was not identified until 1964, but by that time cannabis had been removed from the pharmacopeiae of most countries, making further research on the plant difficult.

There are three general types of cannabinoids:
1) Phytocannabinoids that occur uniquely in the cannabis plant.
2) Endogenous cannabinoids produced naturally in many animal species including humans.
3) Synthetic cannabinoids are similar compounds produced in a laboratory. Forms of synthetic THC are available by prescription in a number of countries, including the US. In the US, synthetic THC is marketed as Marinol®.
Phytocannabinoids, also called natural cannabinoids, herbal cannabinoids, and classical cannabinoids, are only known to occur naturally in significant quantity in the cannabis plant. They are concentrated in a viscous resin that is produced in glandular structures known as trichomes, and are most prevalent in the flowers of the female plants.
Cannabinoid receptors in the human body were not discovered until 1990. CB1 receptors are found primarily in the brain, specifically in the basal ganglia and in the limbic system, including the hippocampus. They are also found in the cerebellum and in both male and female reproductive systems.
CB1 receptors appear to be responsible for the euphoric and anti-convulsive effects of cannabis.

 

Investors Overview

Cannabis Science Inc.
Trading Symbol: CBIS

Transfer Agent 
Securities Transfer Corporation 
2591 Dallas Parkway 
Suite 102 
Frisco, Texas 75034 
Telephone: (469) 633-0101 ext. 201 
Fax: (469) 633-0088 
Website: www.stctransfer.com

AUTHORIZED SHARES
Common Class B
850,000,000
  Common Class A
100,000,000
Preferred
1,000,000

SHARES OUTSTANDING
Common, Class B
29,744,774 a/o Dec 32, 2009
101,170,574 a/o Dec 31, 2010
305,820,574 a/o Dec 31, 2011
602,170,573 a/o May 21, 2012 
691,770,573 a/o Aug 13, 2012
699,290,000 a/o Nov 8, 2012
714,540,573 a/o Nov 19, 2012
704,290,573 a/o Dec 17, 2012
823,523,000 a/o Mar 13, 2014
Common, Class A
0
Preferred
1,000,000

Stock Chart



Proposed Dividend / Share Structure

 

New Share Structure
On December 20, 2010, our Board of Directors approved an amendment to the Articles of Incorporation to effect a recapitalization of the Company by establishing two classes of common stock, Class A and Class B and to issue a dividend to holders of our current common stock so they received 1 share of the new Class A common stock and 1 non-transferable share purchase warrant for each 10 shares of the former Class B common stock that they previously owned as of the current record date, December 31, 2010. Each whole share purchase warrant will be exercisable into one share of Class A common stock at a price of $1.00 per share. The share purchase warrants expire 90-days from the date Class A common stock commences trading under its own unique symbol. The Company is working diligently with the SEC and FINRA to obtain final approvals before any of the proposed changes can take effect.


DEF 14C Filed to give Dividend and Create New Share Class

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8108378

* Dividend will go to shareholders as of Dec 31, 2010
* Shareholders will receive 1 share of Class A stock (the new ticker) for every 10 shares of the current stock
* Shareholders will receive 1 purchase warrant for every 10 shares of the current stock. The warrants can be used to purchase Class A stock at $1 for 90 days.

 
Dividends (April 23, 2013)-10-K
 
The Company declared a dividend to all common stockholders of record as of December 31, 2010, whom are to receive a dividend equivalent to ten percent (10%) of the number of common shares of the Company's stock held on that date in the form of newly issued Series A common shares. For example, if a stockholder held 100,000 common shares on December 31, 2010, that stockholder would receive a dividend of 10,000 Series A common shares. This dividend is on hold and will remain pending until such time as FINRA approves the Company's Series A common stock for trading, it obtains a CUSIP registration number, it receives sponsorship from a brokerage firm, and the shares become tradable through the OTCBB market. TheCompany retains the right to adjust the shareholder record date should any factor make it impossible for the Company to issue the dividend to shareholders of record on December 31, 2010, including, but not limited to: approval of the Series A common stock and dividend by FINRA, a detailed December 31, 2010 common stockholder lists is available, or other unforeseen obstacles that would prevent the current dividend structure from completing. The Company will not make any share accrual or allowance for this dividend until such time as all regulatory approvals are in place for the Series A common stock to be issued and become a marketable security.
 
The Company does not anticipate paying cash dividends or making distributions in the foreseeable future.
 
We currently intend to retain and reinvest future earnings, if any, to finance and expand our operations.
 
We incurred a net loss of $86,574,241 since January 27, 2005 (date of inception) to December 31, 2012.
Our net loss increased, from $8,339,044 for the fiscal year ended December 31, 2011 to $16,037,572 at the fiscal year ended
December 31, 2012, an increase of $7,698,528. For the fiscal year ended December 31, 2012, our net loss per share was $0.03,
compared to a net loss per share of $0.05 per share for the fiscal year ended December 31, 2011.
The Company is authorized to issue 850,000,000 shares of common stock with a par value of $.001 per share. These shares
have full voting rights. There were 663,790,573 issued and outstanding as of December 31, 2012.
The Company is also authorized to issue 100,000,000 shares of common stock, Class A with a par value of $.001 per share.
These shares have 10 votes per share. There were 0 issued and outstanding as of December 31, 2012.
The Company is also authorized to issue 1,000,000 shares of preferred stock. These shares have full voting rights of 1,000
votes per share. On December 20, 2012 the former CFO of the Company, Richard Cowan, resigned and notified the Company
of his forfeiture of 333,333 series A preferred shares for return into treasury of the Company. There were 666,666 issued and
outstanding series A preferred shares as of December 31, 2012 as a result of this forfeiture.

On February 9, 2012, the Company established a 2012 Equity Compensation Plan that authorizes the Company to issue up to
50,000,000 common shares to staff or consultants for services to or on behalf of the Company. The Company filed a
Registration Statement Form S-8 with the U.S. Securities
 
Our management conducted an evaluation of the effectiveness of our internal control over financial reporting using the criteria
set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated
Framework at December 31, 2012. Based on its evaluation, our management concluded that, as of December 31, 2012, our
internal control over financial reporting was not effective because of limited staff and a need for a full-time chief financial
officer. A material weakness is a deficiency, or a combination of control deficiencies, in internal control over financial
reporting such that there is a reasonable possibility that a material misstatement of the Company's annual or interim financial
statements will not be prevented or detected on a timely basis.

 
====================================================
2014 Financial Highlights (from 10-K)


Net Loss $ 16,884,764  (2013:5,934,301)

Accumulated Deficit  $ 109,393,306 (2013: 92,508,542)

Revenue (educational and consulting)  $ 1,031

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10637231
 
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CBIS
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Wiki
CBIS News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/18/2015 04:53:04 PM
CBIS News: Cannabis Science Acquires Pet Care Manufacturer and Distributor Equi-Pharm & Enters the $60 Billion Pet Care Industry 05/07/2015 12:58:00 PM
CBIS News: Statement of Changes in Beneficial Ownership (4) 04/29/2015 05:52:09 PM
CBIS News: Cannabis Science (CBIS) Accepted To Present at ICAR 2015 04/22/2015 08:27:00 AM
CBIS News: Annual Report (10-k) 04/21/2015 02:50:13 PM
PostSubject
#112944  Sticky Note Beware the CBIS SCAM!! Good DD here exposing Homebrew 05/01/15 09:10:13 PM
#112499  Sticky Note Cannabis Science Set to Release its First Line oystersnbeer 03/09/15 09:29:48 AM
#111634  Sticky Note in full, Cannabis Science Releases Positive Laboratory Results mick 10/28/14 11:10:48 AM
#110086  Sticky Note Everyone should look up Raymond Dabney who now Doc K 06/02/14 05:40:09 PM
#113059   Late 10Q followed by PR's. Stay classy, CBIS. DD2Gain 05/22/15 06:44:33 AM
#113058   http://stockcharts.com/h-sc/ui?s=CBIS&p=W&b=5&g=0&id=p06121340705 make it happen 05/21/15 09:59:21 PM
#113057   NEWS! CBIS Expands Licensing Deal with Purple Haze Properties LongShot_Louie 05/20/15 07:07:41 PM
#113056   You realize the absence of hard numbers and..... LongShot_Louie 05/20/15 07:01:23 PM
#113055   Naturally these scammers running CBIS are past due Inorout 05/20/15 06:34:10 PM
#113054   stockcharts.com/c-sc/sc?chart=CBIS,uu[900,a]decly[dk][pb200!b300!b400!b50 mick 05/20/15 01:54:31 PM
#113053   Duh! Ya think so............ LongShot_Louie 05/19/15 04:14:33 PM
#113052   Financials will be a disaster!!!! Mediman420 05/19/15 04:03:38 PM
#113051   There are several in that sector that seem Just1MoreUpTick 05/19/15 03:00:36 PM
#113050   CBIS NEWS https://finance.yahoo.com/news/cbis-expands-licensing-deal-purple-14 deeppow 05/19/15 02:49:53 PM
#113048   issue divy sundoctor 05/18/15 11:20:59 PM
#113047   They alwayzzz seem to run at same time... Nitwit 05/18/15 10:07:20 PM
#113046   That's not true... lol Nitwit 05/18/15 10:05:06 PM
#113045   LATE financials is NEVER A GOOD THING! Bad Mediman420 05/18/15 07:58:01 PM
#113044   NEWS..... Baby sister takes off MAY 20th LongShot_Louie 05/18/15 05:48:28 PM
#113043   that article is from 2014 - lots of ospreyeye 05/18/15 05:00:42 PM
#113042   going for a little Hammer Time on the ospreyeye 05/18/15 04:58:28 PM
#113041   $CBIS Chart – Strong Move & Bullish Volume ospreyeye 05/18/15 04:55:51 PM
#113040   Nice find! TradeSmart 05/18/15 12:58:08 PM
#113039   http://www.latimes.com/nation/la-na-medical-pot-20141216-story.html MACH1 05/18/15 12:54:36 PM
#113037   All the big MJ stocks running today, haven't TradeSmart 05/18/15 11:40:43 AM
#113036   Go find a new table........... LongShot_Louie 05/18/15 09:24:19 AM
#113035   I got scammed by this group trying to hollandgh357 05/18/15 08:29:11 AM
#113034   $CBIS Monthly Chart – hitting 2011 & 2013 ospreyeye 05/17/15 10:44:48 PM
#113032   Wow! Hard to believe this scam is still MadHatter326 05/17/15 06:10:28 PM
#113031   Hemp, Inc. yes9 05/17/15 05:24:14 PM
#113030   Question on alleged Equi-Pharm company acquisition. If dodgehellcat 05/15/15 01:24:26 PM
#113028   My statement was for TR7C which is a Mediman420 05/14/15 09:34:51 PM
#113027   He's driving around on your hard earned money Kid-Gloves 05/14/15 04:48:59 PM
#113026   Just as relevant here...mediman. To be clear, yes, Crusen 05/14/15 09:06:30 AM
#113025   Let's bounceeeee jjr04001 05/13/15 02:32:02 PM
#113024   LMFAO! CBIS purchased strategy!!!! Oh my god! I Mediman420 05/12/15 10:23:42 PM
#113023   GREAT! Now we get animals "high" and MobileMadMan 05/12/15 09:33:26 PM
#113022   NEWS UPDATE............ LongShot_Louie 05/12/15 09:24:45 PM
#113021   Jumped back in here. jjr04001 05/12/15 03:23:43 PM
#113019   FYI, Buddy of mine that has a really good alin1005 05/12/15 10:39:26 AM
#113018   To my knowledge this is the first...... LongShot_Louie 05/12/15 09:48:45 AM
#113017   The " poster" a peer- reviewed presentation is U ROCK 05/12/15 12:53:47 AM
#113016   I am not sure it was a completely..... LongShot_Louie 05/11/15 06:53:35 PM
#113015   Thanks for your refreshing honesty, Longshot. I dodgehellcat 05/11/15 06:20:53 PM
#113014   My personal opinion is they...... LongShot_Louie 05/11/15 05:44:34 PM
#113013   Your response is much appreciated, Longshot. dodgehellcat 05/11/15 05:21:08 PM
#113012   I'll take a crack at it.......... LongShot_Louie 05/11/15 04:16:18 PM
#113011   I have an honest, sincere question that I dodgehellcat 05/11/15 03:42:43 PM
#113010   TY......likewise perspective is everything. KPeeps 05/11/15 02:02:09 PM
#113009   What day do they speak at the conference LongShot_Louie 05/11/15 01:55:57 PM
#113008   Heavy volume and price going nowhere, is this KPeeps 05/11/15 01:08:46 PM
#113007   EQUI = RIVT DeafTrader2 05/11/15 10:19:00 AM
#113006   What day do they speak at the conference KPeeps 05/11/15 10:09:07 AM
#113002   financial statements don't like traderstoday 05/11/15 07:40:38 AM
PostSubject