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| TRTC and CNAB Start the Week Strong |
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 Hot Stock to Watch |
Company: Terra Tech Corp (OTCQB: TRTC)
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Last:
Price: 0.3495
Change (%): + 0.0695 (24.82)
Volume: 2,304,452 |
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Terra Tech Begins Supercritical CO2 Cannabinoid Extraction, Testing and Formulation
Oakland, Oct. 2, 2014 (GLOBE NEWSWIRE) - Terra Tech Corp (TRTC) is pleased to announce they have begun extracting, testing and formulating compounds at their cannabinoid extraction facility in Northern California. In March of this year the company announced they are developing a research and industrial extraction facility focused on the medical cannabis market. The facility was built in response to what the company views as an increase in demand for high grade CBD as well as other cannabis extracts. At the core of the facility is a custom, 20 liter, 5,000 PSI supercritical CO2 extractor from Eden Labs. This piece of equipment utilizes CO2 as a solvent, which is superior because it is non-flammable and non-toxic, mitigating negative environmental impacts as well as several safety concerns that have been associated with butane extraction.
On September 9, 2014 the company’s Board of Directors unanimously voted to allow the company to engage in the production, extraction and retail sale of medical cannabis if done so in full accordance with the state’s medical marijuana laws in which they operate. The decision was made in advance of Nevada’s November 5th medical marijuana permit announcements. This allows the company’s executive team to transparently operate in the medical cannabis market.
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Company: United Cannabis Corp. (OTCQB: CNAB)
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Last:
Price: 0.46
Change (%): + 0.04 (9.52)
Volume: 30,282 |
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United Cannabis Corporation Announces Venture With Jamaica-Based Cannabinoid Research & Development Company Limited
DENVER, CO-(Marketwired - Oct 2, 2014) - United Cannabis Corporation (OTCQB: CNAB) (the “Company” or “United Cannabis”) today announced that it has participated with a small group of Jamaicans to form a Jamaican corporation named Cannabinoid Research & Development Company Limited (“CRD” or the “Venture”). The Company owns a fifty percent interest in CRD. The Company participated in the formation of CRD in order to further the Company’s mission of advancing the use of cannabis in medical therapies through biomedical and pharmaceutical research and development, within Jamaica. The Venture has identified a 30,000 square foot facility in Kingston’s industrial zone to serve as its corporate headquarters, but a lease has not yet been signed.
Despite its association with Jamaica and its culture, marijuana has actually been illegal there since the 1961 United Nations Single Convention on Narcotic Drugs. Ironically, the Jamaican government has been hesitant to decriminalize marijuana until now for fear of triggering hinted-at sanctions from Washington. That pressure has diminished in conjunction with the trend toward legalization in the US, and today the Jamaican government announced legislation has been drafted to decriminalize marijuana for medical purposes by the end of 2014.
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