One of the rising stars of the marijuana/hemp industry, CannaVest, Corp develops and sells end-consumer products based on industrial hemp. Though industrial hemp is often known as a material for manufacturing, CannaVest focuses on the plant’s substance called cannabidiol (CBD), using it for food and wellness products.
Among CannaVest’s main ventures is CannaVest Laboratories, a leading biotechnology company that develops hemp-based pharmaceutical and nutraceutical products. The labs also provide other services like seed-to-sale inventory systems and IP and technology development.
CannaVest has also trademarked US Hemp Oil, a nutritional brand that procures, processes, markets, and distributes wholesale hemp seed and hemp wellness products.
In addition, CannaVest acquired PhytoSphere Systems, LLC and KannaLife Sciences, Inc, both phytomedical companies delving in research and development.
Over the years, CannaVest has produced and marketed various end-consumer hemp products. It previously presented products under the trademark Real Scientific Hemp Oil. Its current roster includes a non-psychoactive wellness oil line called PlusCBD, a nutritional and supplement line (focusing on protein) called HempFit, a skincare/personal care line called Cibaderm, and a CBD health line called Cibdex.
CannaVest’s primary target customers are end-consumers, which it reaches through internet sales, health and wellness stores, affiliates, and distributors. However, it also looks to market to manufacturers and retail stores.
Founded and incorporated in 2010, the company formerly operated as Foreclosure Solutions, Inc until January 2013, when it changed its name to CannaVest, Corp. It currently trades in the OTC market as CANV, in the Healthcare sector and under the Generic Drugs industry. Its market cap is at USD 111.27 M.
CannaVest, Corp is based in Las Vegas, Nevada and is led by Michael J. Mona, Jr, CEO and President; Michael Mona III, Vice President of Operations; Joseph Dowling, Chief Financial Officer; and Allen E. Shubat, Treasurer and Secretary. Its board members include Bart MacKay and Theodore R. Sobieski.
2688 South Rainbow Avenue, Suite B
Las Vegas, NV 89146
Phone: (866) 290-2157
Yahoo! Finance: CANV News
Latest Financial News for CANV