Company Overview of CannaVEST Corp.
CannaVEST Corp. develops, produces, markets, and distributes hemp-based Cannabidiol (CBD) products to the nutraceutical industry in the United States. It offers oil, capsules, drops, CBD powder, water soluble CBD, dietary supplements, and beauty products under the PlusCBD brand name; capsules and flavored tinctures packaged in bottles under Cibdex brand name; and beauty products containing CBD-rich hemp oil, including lotion, body wash, salve, shampoo, conditioner, and hand cream under the Cibaderm brand name. It also sells raw CBD ingredients to third parties. The company was formerly known as Foreclosure Solutions, Inc. and changed its name to CannaVEST Corp. in January 2013. The company w...
2688 South Rainbow Avenue
Las Vegas, NV 89146
Founded in 2010
Key Executives for CannaVEST Corp.
Chairman, Chief Executive Officer and President
Total Annual Compensation: $219.5K
Chief Financial Officer and Secretary
Total Annual Compensation: $110.0K
Vice President of Operations
Total Annual Compensation: $147.8K
Compensation as of Fiscal Year 2014.
CannaVEST Corp. Key Developments
CannaVEST Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 17 15
CannaVEST Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, product sales, net were $4,151,180 against $1,859,961 a year ago. Net loss was $989,549 or $0.03 per basic and diluted share against $482,129 or $0.01 per basic and diluted share a year ago. LBITDA was $656,801 against $248,182 a year ago. Adjusted EBITDA was $343,271 against adjusted LBITDA of $248,182 a year ago.
For nine months, product sales, net were $9,279,117 against $7,497,616 a year ago. Net loss was $5,641,426 or $0.16 per basic and diluted share against profit of $7,439,884 or $0.24 per basic and diluted share a year ago. LBITDA was $4,858,498 against EBITDA of $8,724,511 a year ago. Adjusted LBITDA was $2,137,620 against adjusted EBITDA of $863,757 a year ago.
CannaVest Corp Launches its Newest Division, CannaVest Europe
Aug 25 15
CannaVest Corp. announced an expansion effort that will build global brand presence, expand commercial relationships and increase bulk hemp oil offerings with the launch of its newest division, CannaVest Europe. CannaVest Europe made its unofficial introduction with its exhibit at the European Industrial Hemp Association'sInternational Conference in Wesseling, Germany in May 2015. Based in Dusseldorf, Germany, CannaVest Europe will serve as the European hub of its US headquartered operations.
CannaVEST Corp., Annual General Meeting, Oct 09, 2015
Aug 21 15
CannaVEST Corp., Annual General Meeting, Oct 09, 2015., at 10:00 Pacific Standard Time. Location: 2688 South Rainbow Boulevard, Suite B. Agenda: To elect three directors to hold office until the next annual meeting of stockholders and until their successors are duly elected and qualified; to ratify PKF, Certified Public Accountants as independent registered public accounting firm for the fiscal year ending December 31, 2015; and to consider and act upon such other business as may properly come before the meeting or any adjournments or postponement thereof.
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