CannaVEST Corp. Increases Efficiencies and Scale, Broadening its Customer Base
LAS VEGAS, Oct. 30, 2014 /PRNewswire/ -- CannaVEST Corp. (OTC:CANV), a leading manufacturer and distributor of hemp and cannabidiol (CBD) based products, announces that it has broadened its customer base due in part to efficiencies in its supply chain and processing capabilities. As CannaVEST's processes and protocols have become more refined and efficient, and its supply chain more robust, CannaVEST has been able to pass savings on to its customers in the form of lower prices for its award winning CBD oil. This has resulted in an increase in CannaVEST's customer base, allowing the company to make its products available to a wider array of businesses and consumers.
"Over the last year, we have further established our supply chain relationships in Europe and have committed to additional inventory and processing capability. We have been able to pass on these economies of scale to our customers, which has resulted in a broader, more diverse customer base," said CannaVEST Corp. President and Chief Executive Officer, Michael Mona, Jr. Mr. Mona added, "[w]e continue to refine our processing capabilities, and have optimized our quality control and quality assurance protocols, which has led to a more streamlined, efficient and economical process for refining our award-winning CBD products and compounds."
CannaVEST is in active discussions with various enterprises to partner in providing its consumer-grade PlusCBD™ to existing and new, innovative consumer products.
About CannaVest Corp.
CannaVest Corp. (OTCBB:CANV), located in Las Vegas, Nevada, focuses on the procurement and wholesale of the hemp plant extract cannabidiol (CBD), and the development, marketing and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil™ brand. CannaVest resells raw industrial hemp product to third parties, acquired through supply relationships in Europe. Additional information is available from OTCMarkets.com or by visiting www.CannaVest.com.
CannaVest Corp.'s subsidiaries include: US Hemp Oil (www.USHempOil.com) that provides seed procurement, cultivation, processing, and production consultation, and equipment to support U.S. farmers, researchers and businesses to cultivate and process industrial hemp in the US; and CannaVest Laboratories (www.CannaVestLabs.com), that facilitates cutting edge research and develops nutraceutical and food products, containing cannabidiol (CBD) oil, and is the developer and manufacturer of CannaVest's own award winning CBD Simple™.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of CannaVest Corp. to be materially different from the statements made herein.
LEGAL DISCLOSURE
CannaVest Corp. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The company does grow, sell and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets.
Corporate Contact:
CannaVest Corp.
2688 S. Rainbow Blvd., Ste. B
Las Vegas, NV 89146
Office: 866-290-2157
Logo - http://photos.prnewswire.com/prnh/20140403/LA98016LOGO
SOURCE CannaVEST Corp.
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