a U.S. company specializing in the development of cannabinoid-based medicines, is pleased to announce that the Company is preparing for the Grand Opening of its first two Pre ICO Pharmacies in California. These pharmacies will be managed through the use of a Pharmacy Automation and Inventory Tracking System.
“Cannabis
Science’s Pharmacies are in prime, high traffic areas on Pico Boulevard
in Los Angeles and on Ventura Boulevard in the San Fernando Valley. The
Company has also been presented with an opportunity to purchase a
potentially 60,000 sq. ft. building in Los Angeles, CA. This is where
the Company can build its first Cannabis Science Medical Center,
including full laboratory facilities, patient intake, and doctor and
nurse clinics. We will look at the possible use of the Company’s rare
U.S. Federal Government Cage Code Clearance to provide U.S. Federal
Government approved Emergency Medical Services,” stated Mr. Raymond C.
Dabney, Cannabis Science’s President, CEO, and Co-founder.
“It
is possible we will include our sister Company, Crown Baus Capital Corp
(OTC: CBCA) in this purchase. Additional space will be leased to
physician groups and other medical cannabinoid related health services
and well-being providers. I am particularly excited about the Cannabis
Science Medical Center, this was always one of our main goals,” stated
Mr. Dabney. “This facility will serve as a hub for our activities. Not
only will physicians be able to consult directly with patients at the
Center, but the Company will also be able to coordinate and expand its
global reach and research on cannabinoid-based drugs related to
development initiatives through the Cannabis Science Global Research
Consortium.
“Our Pharmacies are designed to be
state of the art facilities and they will be beautiful. We will showcase
the entire Cannabis Science product line, as well as additional
products from select vendors that meet the high standards that we have
set for our CBIS-branded products,” stated Mr. Dabney.
“As part of the
Company’s overall drug-development strategy, the Cannabis Science
Pharmacies will provide our Company with an important retail sales
channel and allow us to interact directly with those who will benefit
from our medicines – our patients.”
These new
acquisitions offer Cannabis Science a very strong foothold in the
medical services industry. In addition, the Company is actively
negotiating with its East Coast Associates in Washington, D.C and New
York City to expand the CBIS-branded Pharmacies into those areas and
expect to announce our progress in the coming months.
The
Company launched the Cannabis Science Global Consortium in 2017. This
Consortium provides a framework to cooperate and collaborate with
stakeholders worldwide. “The Cannabis Science Global Consortium links
universities, foundations, corporations, and individuals to share
research, ideas, and other relevant information, as well as to implement
a cutting-edge research program to develop medicines and delivery
mechanisms from bench-to-bedside," stated Dr. Allen Herman, Cannabis
Science’s Chief Medical Officer.
In 2017,
Cannabis Science successfully registered to apply for U.S. Federal
Government contracts and grants. As part of this registration process,
the Company secured its Federal Commercial and Government Entity (CAGE)
Code, which is issued by the Department of Defense’s (DoD) Defense
Logistics Agency (DLA) CAGE Code Program Office. Cannabis Science is one
of the only companies in its industry with the ability to receive U.S.
Federal Government contracts and grants.
Cannabis Science will use its
expertise and relationships with Government Agencies and University
Medical Research Groups to further Cannabinoid Pharmaceutical
Development, and to reconfigure access to treatment with cannabinoids by
designing and building effective and efficient pharmacies and medical
clinics staffed by skilled health professionals.
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. Cannabinoids have an extensive history dating back thousands of years, and currently, there are a growing number of peer-reviewed scientific publications that document the underlying biochemical pathways that cannabinoids modulate. The Company works with leading experts in drug development, medicinal characterization, and clinical research to develop, produce, and commercialize novel therapeutic approaches for the treatment for illnesses caused by infections as well as for age-related illness. Our initial focus is on cancers, HIV/AIDS, and neurological conditions. The Company is proceeding with the research and development of its proprietary drugs as a part of this initial focus: CS-S/BCC-1, CS-TATI-1, and CS-NEURO-1, respectively.
Forward-Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc., does not undertake any duty nor does it intend to update the results of these forward-looking statements. Safe Harbor Statement. The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward looking statements. Certain of the statements contained herein, which are not historical facts are forward looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
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