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Re: General Grievous post# 123996

Tuesday, 06/18/2013 12:08:07 PM

Tuesday, June 18, 2013 12:08:07 PM

Post# of 238988
I doubt you believe the words you've typed. You and most others here already know CannaVEST owns equipment from PhytoSPHERE (see the excerpt from a previous PR below) and has the right to use PhytoSPHERE's name (which probably explains why MJNA's PR today still mentions PhytoSPHERE doing various things).

SAN DIEGO, Calif., March 1, 2013 /PRNewswire/ -- Medical Marijuana, Inc. (MJNA), a leading cannabis and hemp industry innovator, today announced that its subsidiary, PhytoSPHERE Systems, LLC ("PhytoSPHERE"), has entered into an agreement to sell certain of its assets to CannaVEST Corp. (FCLS) for $35,000,000. The assets sold to CannaVEST Corp. include certain equipment and inventory, web domain names, phone numbers, and all existing and pending agreements with hemp production and processing facilities. PhytoSPHERE also granted CannaVEST Corp. an exclusive license to use its brand names, logos and other "PhytoSPHERE" designations. The full text of the Agreement can be found in the Form 8-K filed by CannaVEST Corp. with the Securities and Exchange Commission on February 13, 2013.