United Cannabis Corp Secures $16 Million Contract to Provide Crude CBD Oil

DENVER, July 09, 2019 (GLOBE NEWSWIRE) — United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced it has signed a $16.25 million contract with a single customer to provide crude CBD oil over a period of 26 weeks. The Contract will be processed at the Company’s 14,300 square foot, state-of-the-art extraction facility in Mead, Colorado.

Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “This contract is a direct result of our investment in the expansion of our hemp processing operation; the Mead facility came online in June with 10 times the capacity of our original processing operation. This agreement represents only a small percentage of the plant’s capacity, and we are confident that it is the first of many to come.”

About United Cannabis Corporation

United Cannabis Corporation is a biotechnology company dedicated to the development of phyto-therapeutic based

... read more at: https://globenewswire.com/news-release/2019/07/09/1880138/0/en/United-Cannabis-Corp-Secures-16-Million-Contract-to-Provide-Crude-CBD-Oil.html

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United Cannabis Corp Secures $16 Million Contract to Provide Crude CBD Oil

DENVER, July 09, 2019 (GLOBE NEWSWIRE) — United Cannabis Corporation (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced it has signed a $16.25 million contract with a single customer to provide crude CBD oil over a period of 26 weeks. The Contract will be processed at the Company’s 14,300 square foot, state-of-the-art extraction facility in Mead, Colorado.

Earnest Blackmon, Chief Executive Officer of United Cannabis, commented on the announcement, “This contract is a direct result of our investment in the expansion of our hemp processing operation; the Mead facility came online in June with 10 times the capacity of our original processing operation. This agreement represents only a small percentage of the plant’s capacity, and we are confident that it is the first of many to come.”

About United Cannabis Corporation

United Cannabis Corporation is a biotechnology company dedicated to the development of phyto-therapeutic based

... read more at: https://globenewswire.com/news-release/2019/07/09/1880138/0/en/United-Cannabis-Corp-Secures-16-Million-Contract-to-Provide-Crude-CBD-Oil.html

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