United Cannabis Corporation Granted License to Begin Cultivation in Jamaica
Company is one of only 15 applicants to receive this license
DENVER, July 25, 2019 (GLOBE NEWSWIRE) -- United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced that its Joint Venture, Jamaica-based Cannabinoid Research & Development (“CRD”), has been issued a license to cultivate cannabis within Jamaica by the Country’s Cannabis Licensing Authority (CLA).
Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “Jamaica represents a significant market opportunity and United Cannabis has made a material investment in building the foundation necessary to launch a full-scale operation there. The granting of this license is confirmation from the CLA that we are on our way. I am confident that our outstanding applications will be approved shortly, and we look forward to hub for international distribution of United Cannabis products.”
Vivia Brown, a Director of CRD, commented on the announcement, “We are indeed grateful to finally receive official approval of our cultivation license. This has been a long time coming, but it has happened.”
Brown continued, “I’d like to thank the Cannabis Licensing Authority for their diligence and patience throughout this process. To our partners at United Cannabis, words are not sufficient to express our deepest gratitude. Thank you for your belief and trust. From here onwards, the sky will be our only limit.”
About Cannabinoid Research & Development Limited
Cannabinoid Research & Development (CRD), a subsidiary of United Cannabis, is a Jamaican based corporation pursuing local licensing to advance the use of medical cannabis therapies through biomedical research and development for the nutraceutical industry. CRD focuses on genetic restoration, cannabinoid isolation techniques, scientific research, educational programs, and promotes domestic job opportunities. John Sayers, along with Kenyama Brown, local Jamaican directors and executives of CRD, coupled with Jamaican partners specializing in agricultural science and plant-based medicine, will help United Cannabis implement Sayer’s 40 years of agricultural methodologies into localized educational curriculums, job training programs, and help with integration of localized products.
About The United Cannabis/CRD Joint Venture
UCANN/CRD was established following the approval by Jamaica’s Cabinet and Parliament of an Amendment to the Dangerous Drugs Act, providing for the decriminalization of the cultivation, production, possession and use of Ganja (aka cannabis) for medical, therapeutic, and scientific purposes within the country.
About United Cannabis Corporation
United Cannabis Corporation is a biotechnology company dedicated to the advancement of cannabinoids for medical applications and is building a platform for designing targeted therapies to increase the quality of life for patients around the world. The Company develops, produces and distributes proprietary cannabis-centric products and technologies, including its patented product brand, Prana Bio Nutrient Medicinals, and has established a strong presence in the hemp-derived CBD market, with a state-of-the-art grow, processing, testing and production facility in Colorado. United Cannabis also licenses its intellectual properties relating to the legalized growth, production, manufacture, marketing, management, utilization and distribution of medical and recreational marijuana and marijuana-infused products. Most importantly, United Cannabis is always driven by its underlying mission to help people in pain.
United Cannabis trades on the OTCQB under the symbol CNAB.
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Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors, created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
UCANN Press Release Jamaica Cultivation License 7-24-19
