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Acquisition Of Patent Pending Cannabis Plant Is The Catalyst For Cannabis Sativa Inc. (OTCBB:HempS)

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Boston, MA, 04/01/2014 (medicalmarijuanareporter.com) – Cannabis Sativa Inc. (OTCBB:HempS) recently announced that it had entered into an agreement to buy a a new and extremely potent strain of medical cannabis for which a patent is pending. The agreement also gives the company the option to buy the owner KUSH, Inc for an extra  $1 million. The strain which is called CTA is being reviewed by the Patent Office since 2010 and the patent should be issued shortly. This will be an acquisition of what is likely to be the first patented cannabis plant anywhere and, in addition, the company has hired cannabis legend Steve Kubby as its new CEO. Cannabis Sativa has also announced that it intends to complete the acquisition of Kubby’s company KUSH to bring its management team on board.

The new CTA strain derives its potency from a completely new Sativa strain from Ecuador which acts as the basis for a new hybrid which has resulted in a psychoactive compound seemingly without limits. Kubby has commented that he agreed to the deal partly in view of the people at Cannabis Sativa Inc. (OTCBB:HempS) whom he described as experienced veterans with a long record of achievements and long experience in association with publicly traded companies.

Steve Kubby is a well-known figure in the industry that has been featured on the cover of The Wall Street Journal and ranks among the pioneers in launching a publicly traded marijuana company. He was also one of the key figures instrumental in placing California’s famous medical marijuana initiative, on the ballot. The share price has shot up from $0.90 at the beginning of January 2014 to around $8 now in line with the general surge in medical marijuana stocks fresh from the change in name of Cannabis Sativa Inc. (OTCBB:HempS) from Ultra Sun Corp. However, this is a brand-new company and therefore a high-risk investment and you should exercise suitable caution.

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