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Cannabis Science, Inc. (CBIS) In Final Negotiations To Acquire British Columbia Company That Has Submitted 'Marihuana For Medical Purposes' License Application To Health Canada
Date:8/25/2014

COLORADO SPRINGS, Colo., Aug. 25, 2014 /PRNewswire/ -- Cannabis Science, Inc. (OTC-QB: CBIS), a U.S. company specializing in cannabis formulation-based drug development and related consulting, is pleased to announce that it is in the final stages of negotiations for the acquisition of a company that has applied for a "Marihuana for Medical Purposes" (Canada) license with Health Canada.  The application includes a site located in British Columbia, Canada with a highly experienced and professional team. The target company currently produces cannabis under the "Marihuana Medical Access Regulations" (Canada).

The target company's facility is approximately 10,000 square feet and is already providing medical cannabis to patients under Canada's "Marihuana Medical Access Regulations". Upon receiving the final license under the new Canadian regulations, the Company intends to utilize its team medical and industry experts both to begin research and development into medicine derived from cannabis and to commercially sell medical cannabis produced at the facility in British Columbia, Canada.

The Company is also in talks with medical doctors in Canada in order to collaborate on research and trials involving cannabinoids.  Dorothy H. Bray, Ph.D., Director, President and CEO of Cannabis Science commented, "The new regulatory regime in Canada allows medical cannabis producers and clinical researchers to collaborate and undertake research for the benefit of patients in manner previously unavailable in Canada."

The subject of this news release are unrelated and in addition to the previously announced joint-venture in Canada for a medical cannabis at issue in a C
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SOURCE Cannabis Science, Inc.
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