On 16th October’14, BrilliantPennyStocks.com initiated coverage on CANV. The stock moved up by 35.14% since the coverage was initiated.
In his efforts to make company stand clear to its share holders, hemp and cannabidiol based products manufacturer CannaVEST Corp. (OTCMKTS:CANV) President, Chief Executive Officer, Director Michael Mona Jr authored a open letter addressed to his company share holders.
Letter Addresses and Refutes Allegations Made By Project CBD
The letter from the Chief Executive Officer became warranted post the release of an unflattering mention the company received in a report released by Project CBD. CBD has been positioning itself as a organization, which is into the service of providing education about the medical utility of the cannabis plant to human beings. In its report titled Hemp Oil Hustlers that was released on October 14, 2014, Project CBD goes on to cast suspicion about the quality and safety of CannaVEST Corp. (OTCMKTS:CANV) developed and marketed products.
Rubbishes Claims Made By CBD
Mr. Mona goes on to debunk the claims being made by Project CBD as being formed on the basis of scientific inconsistencies. He alleges that the methodology used by Project CBD to test its products is full of critical loopholes. He trashes the findings of these tests as being false and accuses the group of using false data to arrive at its misleading conclusion.
Provides Reassurance
Mr. Mona then tries to reassure his shareholders by affirming that; “Our methods for processing our hemp oil are expertly controlled from seed to sale. We have invested substantial effort and capital in establishing a world-class research laboratory and processing facility to ensure that our processes for purifying and processing cannabidiol (CBD) exceed all applicable standards.”
He shares with the shareholders that tests conducted on labs run by CannaVEST Corp. (OTCMKTS:CANV) “has achieved purification in excess of 97% on natural (non-synthetic) hemp-based CBD.”
Finally, Mr. Mona ends his letter to share holders by stating that such allegations based on unscientific and diabolic facts do not merit a detailed rebuttal by either the company or the industry.
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