Last $2.07 USD
Change Today +0.205 / 11.02%
Volume 4.4K
As of 10:42 AM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

united cannabis corp (CNAB) Snapshot

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04/9/14 - $11.45
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united cannabis corp (CNAB) Details

United Cannabis Corporation, a bio cannabinoid technologies company, provides consulting services in the medical cannabis industry. The company was formerly known as MySkin, Inc. and changed its name to United Cannabis Corporation in May 2014. United Cannabis Corporation was founded in 2007 and is based in Highlands Ranch, Colorado.

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united cannabis corp (CNAB) Key Developments

United Cannabis Corporation Announces Auditor Changes

On July 22, 2014, the board of directors of United Cannabis Corporation determined to dismiss Anton & Chia, its independent registered public accounting firm. On July 22, 2014, the company's board of directors approved the appointment of Cutler & Co., LLC as the company's independent registered public accounting firm.

United Cannabis Corporation Signs Management, Marketing and Distribution Agreements

United Cannabis Corp. announced that it has signed separate management, marketing and distribution agreements with The Melts and Emotek. United Cannabis will market Melts' and Emoteks' products on an exclusive basis to the Company's retail contacts, including licensed medical centers, dispensaries, pharmacies, alternative healing centers, hospitals, retail centers and wholesale outlets. The Melts, referred to as Trichome Heavy Extracts, performs non-solvent processing of both wet and dry cannabis into extract products like pressed hash, as well as United Cannabis's brand of Prana products. The Melts will also be a United Cannabis specialized contractor for processing, again ensuring the quality of all non-solvent extracts. The company will receive a Management Fee for contracting, legal support, SOP development, marketing, and equipment leasing.

United Cannabis Corp Announces Board and Executive Changes

United Cannabis Corp. announced that the Board of Directors has appointed Earnest Blackmon to President and Interim Chief Executive Officer, effective immediately, and will continue the role as Chairman of the Board. Paul Enright, who served as the company's Chief Executive Officer, will take the position of Vice President of Business Development. Earnest Blackmon is a horticulturalist and entrepreneur with over 20 years' experience, including 5 years in the Commercial Cannabis Industry. Mr. Blackmon is also an owner and the master grower at River Rock Colorado in addition to his duties at United Cannabis. Mr. Blackmon's skill with operations, project management, quality control and cultivation ensure that every United Cannabis sponsored production facility will produce consistent high-grade organic cannabis to meet the demands of its patients. United Cannabis also appointed John C. Hunter, III to the advisory board. United Cannabis will be looking to Mr. Hunter and his background in the Chemical Industry for guidance in the following areas: Strategy Development, Organizational Design, and Public Company Governance; as well as any issues or opportunities the executive team feels could benefit from his talents and expertise. John C. Hunter, III has over 40 years of global chemical industry experience. Mr. Hunter is currently a member of the Board of Directors of Penford Corporation and Energizer Holdings Inc.


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Price/Earnings NM Not Meaningful
Price/Sales 1,690.2x
Price/Book 62.6x
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TEV/Sales 3,550.2x

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