Cannabis Sativa Enters Into Licensing Agreement To Brand hi Chocolate Bars In Oregon
MESQUITE, NV / ACCESSWIRE / February 25, 2016 / Cannabis Sativa Inc. (OTCQB: CBDS) announced today that HI Brands International Inc., a wholly owned subsidiary of Cannabis Sativa Inc., has entered into a trademark and licensing agreement with Trike Candy LLC, an Oregon Limited Liability Company to brand hi chocolate bars for the Oregon recreational marijuana market.
Trike Candy is licensed to process marijuana infused products in the State of Oregon for sale in the recreational marijuana market.
Cannabis Sativa CEO David Tobias stated “we are pleased to have the hi brand enter the Oregon recreational market with a high end smooth milk chocolate bar. The hi chocolate bar will contain 100mg of THC per bar, broken up into 12 individual squares for accurate dosing. Trike edibles have received rave reviews, and we expect a great market response.”
This press release contains “forward-looking statements.” Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Underlying assumptions include without limitation, the ongoing enactment of legislation favorable to the production of and the commercialization of cannabis products and the Company’s success in capitalizing on that legislation. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
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