CANB starter here today at 03. Low float and 8K out on Jan 3rd looked pretty good. Was waiting on it to fall a little around the support to grab a few.
HICKSVILLE, NY, January 3, 2018 -- HICKSVILLE, NY--Canbiola, Inc. (OTC: CANB) is happy to provide this update to shareholders and review major events and accomplishments in 2017. Dear Shareholder, 2017 was a transition year as we transformed the company from a technology/software company to a company participating in the growing cannabis industry, with a focus on selling and developing products containing Cannabidiol (CBD) derived from industrial hemp. Here’s an overview of our proud accomplishments for 2017: Medical Advisory Board and Distributors: We added a number of medical professionals to our Advisory Board in addition to entering into distribution agreements with each. Read below our specific announcements on the five medical professionals added in 2017: 1. Dr. Robert A. Kornfeld Joins Canbiola, Inc. (CANB) as Medical Advisor and Distributor
2. D r. John P. Salerno Joins Canbiola, Inc. (CANB) as Medical Advisor and Distributor
3. Dr. Patric k M. Fratellone Joins Canbiola, Inc. (CANB) as Medical Advisor and Distributor
4. Dr. Harry Beni satto joins Canbiola, Inc. (CANB) as Medical Advisor and Distributor
5. Canbiola, Inc. (CANB) Announces Ad dition of Smita Ohri M.D. as Medical Advisor
Manufacturing: We can proudly announce today that in the last quarter of 2017 we established a manufacturing agreement with a 3rd party manufacturer in the U.S. whereby we will be able to directly manufacture at manufacturers cost and white-label others’ products with no up-front fees due from the company. This step makes us self-sufficient so that we no longer must rely on outside manufacturers, while greatly improving our operating margins from the reduced costs associated with the new agreement. The company has also acquired a 10-year option to purchase the manufacturing facility from the 3rd party manufacturer.
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