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United Cannabis Corp (OTCMKTS:CNAB) Extends Yearly Decline

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In the last trading session, the stock price of United Cannabis Corp (OTCMKTS:CNAB) declined 0.19% to close the day at $1.08. The decline came at a share volume of 308,764 compared to average share volume of 177,501. More recently, the company reported that Jamaica’s Ministry of Health has permitted Prana Medicinal Sublinguals as well as Prana Medicinal Transdermals for application by listed medicinal cannabis patients.

The details

The Prana Collection is the base of United Cannabis’ cannabis-centric formulations, which people have found effective in getting relief from the symptoms of neuropathy, arthritis, joint aches, acute pain, muscle spasms, muscle tension, migraines, muscle recovery and various skin problems. The products will be distributed and manufactured by the firm’s Jamaican subsidiary unit, Cannabinoid Research & Development Limited. CRD is currently gearing up to manufacture the complete line of Prana offerings in Jamaica in anticipation of getting an approval from the Cannabis Licensing Authority.

Earnest Blackmon, the CEO of United Cannabis, reported that Jamaica continues to be at the forefront of the medicinal cannabis industry, domestically, as well as a distribution center for other markets across the world, including Canada, Australia and the European Union. Their associates at CRD are working to develop associations with prospective distributors in those segments so that they are set to begin sales as soon as they are licensed to commence production.

CRD is a subsidiary unit of United Cannabis. It is a Jamaican based firm pursuing local licensing to develop the application of medical cannabis therapies via biomedical R&D for the nutraceutical industry.

The firm focuses on genetic restoration, scientific research, cannabinoid isolation techniques, educational programs, and enhances domestic job opportunities. John Sayers, Kenyama Brown, executives of CRD and local Jamaican directors, coupled with Jamaican associates specializing in plant based medicine and agricultural science, will help United Cannabis deploy Sayer’s agricultural methodologies into job training programs, localized educational curriculums and help with incorporation of localized products.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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