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Company: United Cannabis Corp. (OTCQB: CNAB)


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United Cannabis Corp. Signs Exclusive Licensing and Distribution Agreement With DNA Genetics

Agreement Launches World Renowned Cannabis Brand In US Market

Denver, CO / ACCESSWIRE / October 30, 2014 / United Cannabis Corp. (OTCBB: CNAB) (the “Company” or “United Cannabis”) today announced that it has signed a ten-year, exclusive licensing and distribution agreement with Amsterdam-based DNA Genetics.

Agreement Highlights:

United Cannabis will serve as the exclusive distributor for DNA Genetics in Colorado, with first right of refusal in all states where the Company becomes licensed.

Companies will work together to establish local breeding projects to cultivate product for lawful sale in all licensed territories.

Includes all DNA Genetics branded fashion and retail merchandise.

United Cannabis will receive 15% of revenue accrued to DNA Genetics under the agreement.

DNA Genetics will supervise genetic selection and cultivation of strains for development of new United Cannabis medicinal products.

DNA Genetics

DNA Genetics is a world leader in cannabis genetic research and development. Attributed with the cultivation of hundreds of cannabis strains, DNA Genetics has won more than 125 awards across the globe for their contributions to the industry, including nine for the development of the medicinal LA Confidential, the first pure Indica strain in the world to be genome sequenced and genetically mapped.

DNA Genetics’ ability to foresee and satisfy market preferences and trends has garnered them a global customer base and strong brand recognition around the world. This popularity extends to merchandise sales, which generated more than 5 million dollars in revenue for the company in 2013.

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