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Cannabis Science In Final Negotiations To Establish Its First Medical Cannabis Facilities In Canada
Date:8/7/2014

COLORADO SPRINGS, Colo., Aug. 7, 2014 /PRNewswire/ -- Cannabis Science, Inc. (OTC-QB:CBIS), a U.S. company specializing in cannabis formulation-based drug development and related consulting, is in the final stages of launching a new joint venture company for the purpose of acquiring, financing, building, owning and operating medical cannabis facilities, including dispensaries and growing operations, throughout Canada.

The Company believes that this joint venture has the potential to expand the Company's operations outside of the United States and to allow the Company's entry and expansion into Canada's marketplace.

"Acquiring cannabis facilities in Canada represents a compelling business opportunity developed through our focus on collaborative innovation and takes one of our international initiatives to the next level," said Chad S. Johnson, Director, COO and General Counsel of the Company. "We are excited to be working jointly with our partners, which allows us to leverage our respective global research knowledge and resources to facilitate the Canadian operations. The Company also intends to use these facilities for research and development purposes in addition to the selling of the cannabis products under relevant laws and regulations.  More to come."

While the Company is optimistic about the potential for commercialization of cannabis products, it recognizes that, as with the acquisition and development cannabis facilities, the process can be lengthy and without assurances.

About Cannabis Science, Inc.

Cannabis Science, Inc., takes advantage of its unique understanding of metabolic processes to provide novel treatment approaches to a number of illnesses for which current treatments and understanding remain unsatisfactory. The Company works with leading expe
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SOURCE Cannabis Science, Inc.
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