Replies to post #83912 on Medical Marijuana Inc (MJNA)

[ddm1082]

Interesting indeed. Excited to see how that one plays out.

[GoingGoingLong]

CannaVEST did not just get excess oil from Phytosphere:

"Pursuant to the Agreement, the Company acquired from PhytoSPHERE certain tangible assets, including equipment and inventory, all web domains of PhytoSPHERE, existing bank accounts with a total balance of $50,774.55, phone numbers, e-mail addresses and postal addresses, vendor lists, permits, licenses and other approvals, and all existing and pending contracts. Notably, pursuant to the Purchase Agreement we acquired from PhytoSPHERE all of its rights, and assumed all of its liabilities, under contracts with hemp production and processing facilities in three foreign countries in Europe, which allows us to secure raw product for the development and production of products. We also secured the exclusive license to the name “PhytoSPHERE” and “PhytoSPHERE Systems” for use in the development and commercialization of hemp-based products."

Read the 8K here: http://www.faqs.org/sec-filings/130212/CannaVEST-Corp_8-K/


I like this deal so far, but it goes a lot deeper than they have revealed so far.