|By Marketwired .||
|July 7, 2014 04:20 PM EDT||
DENVER, CO -- (Marketwired) -- 07/07/14 -- United Cannabis Corp (OTCBB: CNAB) (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that it has signed separate management, marketing and distribution agreements with The Melts and Emotek. United Cannabis will market Melts' and Emoteks' products on an exclusive basis to the Company's retail contacts, including licensed medical centers, dispensaries, pharmacies, alternative healing centers, hospitals, retail centers and wholesale outlets.
"We are excited about the opportunity to work with both Emotek and The Melts to provide their products to outlets throughout Colorado and introduce their proprietary processes to States where it is currently legal to do so. Emotek and The Melts concentrate lines are welcomed additions to the portfolio of products United Cannabis can offer," said Chadwick Ruby, COO of United Cannabis Corp.
Emotek systems are engineered for mutli-solvent extraction and approved in the State of Colorado. Jayson Emo, the owner of Emotek, has agreed to exclusively process his "live resin" technique in legal medical facilities referred by United Cannabis. Additionally, Jayson Emo and his Emotek extractor will be processing for the United Cannabis's brand of products: Prana. Jayson Emo will also be a United Cannabis specialized contractor processing and ensuring the quality of all solvent extracts. United Cannabis will receive a Management Fee for contracting, legal support, SOP development, marketing, and equipment leasing.
The Melts, referred to as Trichome Heavy Extracts, performs non-solvent processing of both wet and dry cannabis into extract products like pressed hash, as well as United Cannabis's brand of Prana products. The Melts will also be a United Cannabis specialized contractor for processing, again ensuring the quality of all non-solvent extracts. The company will receive a Management Fee for contracting, legal support, SOP development, marketing, and equipment leasing.
About United Cannabis Corporation
United Cannabis has a foundation in the cannabis industries. With our consulting services, management and oversight we are capable of assisting any Cannabis oriented company on any scale. United Cannabis is now partnering domestically and internationally with local businessmen, entrepreneurs, and scientists for the purpose of promoting Best Practices in: Planning, Procedures, Governance and Patient Care. The company's consulting services will also provide guidance on design and construction for Grow Operations and the cultivation of medical grade cannabis-based products worldwide. With access to a catalogue of award winning genetics and coupled with our leadership and experience, we are positioned to take any cannabis business through all of the steps for success. For further information, please visit www.unitedcannabis.us
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor 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.