United Cannabis & WeedMD Enter Exclusive Bi-Lateral Partnership
New Canadian Medical Marijuana Company Will Benefit From the Services and Expertise From Colorado-Based Cannabis Consulting Company
DENVER, CO and TORONTO, ON--(Marketwired - Jun 5, 2014) - United Cannabis Corporation (OTCQB: CNAB) (United Cannabis"), a Colorado-based bio cannabinoid technology, management and consulting company, and WeedMD Rx Inc. ("WeedMD"), an emerging medical marijuana producer in Alymer, Ontario, have established an exclusive strategic partnership to assist in all aspects of the growing, production and distribution of medical marijuana in Canada. The deal also positions United Cannabis and WeedMD as 50/50 partners to invest in future potential projects in Canada and in the US.
As the Canadian medical marijuana industry grows through the introduction of Health Canada's newly launched Marihuana for Medical Purposes Regulations - MMPR program, United Cannabis and WeedMD plan to bring the latest bio cannabinoid technology to Canadian patients. This partnership has the potential to revolutionize the medical cannabis industry in Canada with its focus on scientific research, product development and implementation of its proprietary cannabinoid therapy program.
"WeedMD is thrilled to be bringing United Cannabis Corporation's incredible experience and expertise in bio cannabinoid therapy to Canada through this important partnership," says Michael Kraft, Chairman of WeedMD. "Cannabis is one of the safest therapeutically active substances known when used under medical supervision. WeedMD is committed to providing Canadian patients with the most in-depth and current information. United Cannabis is one of the strongest leaders in the US and we are honoured to be part of their team."
The United Cannabis team brings 30 years of combined experience working in the medical marijuana industry. With access to hundreds of strains (including more than 15 unique CBD-dominant varieties), and the A.C.T Now program (Advanced Cannabinoid Therapy) combined with data and patient stories, United Cannabis will significantly improve WeedMD's market position and offering in the rapidly growing Canadian market.
United Cannabis' CEO Paul Enright said, "This agreement is at our core- to partner with other like-minded individuals and companies in the cannabis industry to replicate and proliferate the United Cannabis business model. We are delighted to be working with WeedMD as our strategic partner in Canada and look forward to bringing our experience and years of expertise to the Canadian market and being a part of WeedMD's success."
About United Cannabis Corporation
United Cannabis has a foundation in the cannabis industries. With our consulting services, management and oversight we are capable of assisting any Cannabis oriented company on any scale. United Cannabis is now partnering domestically and internationally with local businessmen, entrepreneurs, and scientists for the purpose of promoting Best Practices in: Planning, Procedures, Governance and Patient Care. The company's consulting services will also provide guidance on design and construction for Grow Operations and the cultivation of medical grade cannabis-based products worldwide. With access to a catalogue of award winning genetics and coupled with our leadership and experience, we are positioned to take any cannabis business through all of the steps for success. For further information, please visit www.unitedcannabis.us
About WeedMD Rx Inc.
WeedMD is a medical marijuana company, which has secured pre-license approval from Health Canada to produce and distribute 2,500 kg of medical marijuana. WeedMD's operations are based in Aylmer, Ontario in a 25,000 sq. ft. converted tobacco plant which is being retrofitted for medical marijuana and has the potential to expand to 160,000 sq. ft. WeedMD has a strategic partnership with United Cannabis, a leading bio-cannabinoid technology, management and consulting company based in Colorado. WeedMD's team includes industry and health professionals with significant experience and expertise in seniors' healthcare, many of whose patients use or plan to use medical marijuana. WeedMD has hired leading growers, quality assurance and R&D professionals to manage plant physiology, phyto-sanitary issues and active ingredient concentrations. www.weedmd.com
Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
For further information, contact:
United Cannabis
Paul Enright
Tel#: 303-904-9296
Email: paul@unitedcannabis.us
WeedMD
Alison Gordon
Tel#: 416-737-0271
Email: alisongordon@rogers.com
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