SAN DIEGO, March 20, 2014 (GLOBE NEWSWIRE) -- CannaVest Corp. (OTCBB:CANV), a leading industrial hemp company, is continuing its plans to be in the forefront of establishing a domestic industrial hemp cultivation and production infrastructure. US Hemp Oil, LLC (USHO), its wholly-owned subsidiary, acted as a Premium Exhibitor at the National Farmers Union Convention held in Santa Fe, New Mexico March 8–11, 2014. CannaVest is an NFU All-States Camp Sponsor.
With the passage of the 2014 Farm Bill that removes barriers to legal U.S. hemp cultivation under certain conditions, CannaVest intends to be the leader in supplying U.S. farmers and businesses with hemp seed for cultivation, cultivation advisement, hemp seed and oil processing equipment, as well as supply chain solutions.
CannaVest is partnering and collaborating on research and pilot projects in states where hemp has been legalized through state laws in order to help local farmers determine which seed cultivar will best meet their farming needs. These research and pilot projects will help determine, among other things, which seeds grow best in their climate and region, what cultivar is best for seed oil, and what cultivar is best for suited for growing fiber.
The National Farmers Union (NFU), established in 1902, is considered the nation's premier farm organization dedicated to family farm agriculture, cooperative businesses, and rural communities. The NFU is an influential and independent national voice and coalition leader for its vibrant and growing grassroots membership through education, cooperation, and legislation. NFU's mission is to advocate for the sustainable production of food, fiber, feed and fuel, and to advocate for the economic and social well being—and quality of life—for family farmers and consumers. This mission goes hand-in-hand with CannaVest's goal to lead the resurgence of the industrial hemp agriculture industry in the U.S.
"The National Farmers Union Convention is important because members from throughout the country gather to discuss ideas important to family farmers and then they pass common-sense policies that will guide us and give direction to Congress in the upcoming year," said Doug Peterson, Minnesota Farmers Union President. "It is true grassroots policy-making at its finest." This year's convention was also attended by Secretary of Agriculture, Tom Vilsack, and the presidents of other state farmers unions, including leaders from states where federal industrial hemp cultivation and production is now legal (per existent state initiatives). CannaVest's Chris Boucher and its Vice President, Operations Michael J. Mona III, met with a majority of the nine union presidents to discuss plans for pilot seed trials that will develop the proper cultivars for the U.S. geographic grow periods. "I see this as the beginning of states' rights to manage their own industrial hemp agriculture according to federal law as set forth in the 2014 Federal Farm Bill," said Boucher.
Under the direction of hemp pioneer Boucher, a twenty-year veteran of the industry and the first person to legally grow industrial hemp in the U.S. in 1994, CannaVest and USHO plan to provide agricultural solutions for seed procurement and cultivation, processing of raw hemp material, and the distribution of bulk wholesale hemp seeds, hemp oil, hemp protein powder, hemp flour, and hemp animal feed. CannaVest will continue to bring industrial hemp products to the mainstream marketplace and promote public awareness, through media exposure, for the exceptional nutritional profile as well as environmental and economic benefits of growing industrial hemp.
USHO will provide cultivation and processing equipment and training for farmers to harvest, process, and convert industrial hemp into the products that will meet the rising market demand. The Company will continue to consult and provide investment for farmers and processors in the commercial hemp industry to enhance their operational viability and business growth.
About CannaVest Corp.
CannaVest Corp. is in the business of investing and developing hemp-based cannabinoid companies. CannaVest Corp. also develops, produces, markets and sells end-consumer products to the nutraceutical industry containing the hemp plant extract, cannabidiol (CBD). Additionally, the company resells—to third parties—raw product acquired by CannaVest Corp. pursuant to the company's supply relationships in Europe. CannaVest Corp. seeks to take advantage of an emerging worldwide trend to re-energize the production of industrial hemp and to foster its many uses for consumers. Cannabinoids (cannabidiol/CBD) are natural constituents of the hemp plant, and CBD is derived from hemp stalk and seed. Additional information is available from OTCMarkets.com or by visiting CannaVest.com.
About US Hemp Oil
US Hemp Oil seeks to develop the United States industrial hemp industry. The company is dedicated to the procurement, processing, marketing and distribution of bulk wholesale hemp seed, hemp oil, protein, food, and hemp body care products. US Hemp Oil currently has three brands: RSHO, Cibaderm, and Cibdex. US Hemp Oil is determined to bring hemp products into the mainstream by creating greater public awareness of and media exposure for the exceptional nutritional profile of hemp and the environmental benefits of growing industrial hemp. For more information, please visit: USHempOil.com
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of CannaVest Corp. to be materially different from the statements made herein.
LEGAL DISCLOSURE
CannaVest Corp. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The company does grow, sell and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.