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Re: Goodbuddy4863 post# 173235

Saturday, 08/23/2014 12:29:31 AM

Saturday, August 23, 2014 12:29:31 AM

Post# of 238068
Uh, no. CannaVest terminated and it has website.

The class action suits against CannaVest had nothing to do with the termination of HempMeds.

The CannaVest 10-Q for 2Q/14 was very clear as to who terminated the agreement and why (note, CANV is "the Company").

From Page 15 (with Emphasis Added by me):

On August 11, 2014, the HempMeds Agreement was terminated by the Company in accordance with the terms of the HempMeds Agreement which permitted the Company to terminate the HempMeds Agreement in the event of certain defaults by HempMeds. The Company had previously notified HempMeds that it was in breach of various provisions of the HempMeds Agreement including provisions regarding HempMeds distribution of competing products, the requirement that HempMeds obtain prior approval of marketing and promotional materials, the Company’s ability to access HempMeds sales data, and HempMeds payment of amounts due under the HempMeds Agreement, amongst others.



CannaVest does have a website:

http://cannavest.com/

CannaVest may be building a retail site, and that could be the one that isn't working, but once it is, they won't need HempMeds anymore.

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