CannaVest Corporation (“CannaVest”) and Project CBD, a non-profit organization, along with its Director, Martin A. Lee, jointly issue this statement:
In a special report on the hemp oil industry published on October 14, 2014 titled “Hemp Oil Hustlers”, Project CBD reported that a consumer product, which is labeled as containing hemp oil and which was produced by CannaVest and then sold in 2013 to a distributor in 2013, tested positive for hexane and other solvent residues, none of which were listed as or intended to be ingredients in this product.
Since the October 14 publication, Project CBD corrected its report in some respects and posted those revisions on its web site. In an effort to provide accurate information to consumers and the public about the report and about CannaVest’s products, the parties have been in frequent communication with one another. As a result, both parties now agree that it is important to emphasize to the marketplace each of the following: