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Cannabis Strategic Ventures and Sunniva Inc. Enter Into Cannabis Extraction Services Agreement
Cannabis Strategic Ventures and Sunniva Inc. Enter Into Cannabis Extraction Services Agreement.
About this update from Sunniva Inc
[{"type":"text","content":"\n\n\n\nCannabis Strategic Ventures and Sunniva Inc. Enter Into Cannabis Extraction Services Agreement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCannabis Strategic Ventures and Sunniva Inc. Enter Into Cannabis Extraction Services Agreement\nPR Newswire\nVANCOUVER, July 17, 2018\n\n\n\nVANCOUVER, July 17, 2018 /PRNewswire/ - Cannabis Strategic Ventures, Inc. (\"Cannabis Strategic\")(OTC Pink: NUGS) and Sunniva Inc. (\"Sunniva\")(CSE:SNN)(OTCQX:SNNVF) are pleased to announce the signing of a cannabis concentrate extraction services agreement between CP Logistics, LLC (\"CPL\"), Sunniva's wholly-owned U.S. subsidiary and Pure Applied Sciences, Inc. (\"PAS\"), Cannabis Strategic's wholly-owned subsidiary.  Under the terms of the agreement, CPL will perform white label services producing high quality, ultra-purified cannabis extracts out of its Sun-Oil Facility in Cathedral City, California for PAS under the \"Pure Organix™\" brand name, which was recently acquired by Cannabis Strategic. PAS will continue to focus on developing additional formulations, intellectual property and brands for future licensing opportunities. The agreement is for a 12-month term that may be renewed for an additional 12 months at the request of PAS at the expiry of the initial term.\n\n\n\n\"We have selected Sunniva because of its emphasis on creating great products for great brands,\" commented Simon Yu, CEO of Cannabis Strategic.  \"We created the Pure Sciences brand based on premium quality and sound manufacturing practices.  Sunniva shares our values relative to the area and we are pleased to have them as our manufacturer.  We are especially impressed with their plans to build greenhouse and extraction facilities compliant with Current Good Manufacturing Practice (\"cGMP\") standards.\"\n\nThe agreement calls for CPL to initially produce cannabis oils for use in PAS' vape pen cartridges, but expansion into other product areas is expected.\n\nTony Holler, CEO of Sunniva, commented, \"As one of the highest quality producers in the marketplace, we believe we are in a...