Medical Marijuana Inc (MJNA)

[earlyret]

YW.

LAS VEGAS, Feb. 5, 2014 (GLOBE NEWSWIRE) -- CannaVest Corp. (CANV), the world's leading cannabis-based investment company spearheading the development of cannabidiol (CBD)-rich hemp oils and other industry-related products and services, is pleased to announce that its subsidiary, PhytoSPHERE Systems, has increased its industrial hemp oil production over 1500% for the 2014 season. The company has also increased its production capabilities to concentrate these hemp oils into high value CBD-rich hemp oils, from the rate of several kilograms per batch production cycle in 2013 to over twenty tons per batch production cycle for 2014.

Would you please provide your thoughts on pricing? With tons of CBD oils, I am thinking the price should drop significantly.

I see Hempmeds with a 60% gross margin in Q4. Thinking price may be dropped without hitting margins too hard. $2499 for six. Little rich for my blood. But boy with that much increase in supply who knows. Thanks.


RSHO™ 6 Pack
$2,499/6 Pack