Cannabis Science, Inc. Reports Strongest Financial Position In Company History


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OTC:BB:CBIS / PK:TBEV / OTC:BB:BRDT
06/05/2014 [ACCESSWIRE]

Cannabis Science, Inc. (OTCQB: CBIS) saw its share volume continue its upward trend on June 5th with 15,907,865 shares exchanging hands, significantly higher than its three month daily average share volume of 10,843,635 shares.

This uptick in volume comes after Cannabis Science's CFO Robert Kane announced, "Cannabis Science is in the strongest financial position in the Company's history. With a positive cash position after the successful capital raise earlier this year, the Company has the ability to conduct basic science research and to begin new cannabis-drug development programs.  In fact, this has begun and our development team is analyzing proprietary data right now."

Current assets grew from $302,355 ending March 31, 2013 to $866,428 ending March 31, 2014, which made Total Assets grow from $577,454 March 31, 2013 to $1,738,985 ending March 31, 2014.

Net loss decreased to $5,934,301 for the fiscal year ended December 31, 2013 from $16,037,572 for the fiscal year ended December 31, 2012, representing a decrease of $10,103,271.

General and administrative expenses decreased by $1,854,950 from $5,068,446 for the fiscal year ended December 31, 2012 to $3,213,496 for the same period ended December 31, 2013.

For the fiscal year ended December 31, 2013, the net loss per share was $0.01, compared to a net loss per share of $0.05 per share for the fiscal year ended December 31, 2012.   Total operating expenses decreased from $8,412,158 for the fiscal year ended December 31, 2012 to $3,447,487 for the fiscal year ended December 31, 2013, representing a decrease of $4,844,526. Company professional fees also decreased $147,615 to $114,267 for the fiscal year ended December 31, 2013 compared to $261,852 for the fiscal year ended December 31, 2012.

The loss on settlement of debt decreased to $2,305,650 in 2013 from $10,654,433 for the year ended December 31, 2012.  This decrease was due to decreased settlement of debt through stock and resulting losses on the settlements.

CBIS closed the day at $.117, 10.38% higher than its previous close of $.106.

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High Performance Beverage Co. Sees Share Price Continue To Surge

High Performance Beverage Co. (OTCPINK: TBEV) saw its share volume explode on June 5th with 123,614,123 shares exchanging hands, 15 times higher than its three month daily average volume of 8,103,962 shares.

TBEV also saw its share price skyrocket 96.55% from $.0058 to $.0114.

This surge in share price and share volume comes at the heels of High Performance Beverage Co. announcing it has secured and finalized a $1.5 million dollar debt financing yesterday.

Initial proceeds from the financing will be allocated towards bringing Throwdown High Performance beverage to market. It is expected that the $1.5 million will come in various tranches over the next several months, as the company implements its core business model which will also include the introduction of additional beverage flavors and potential "trend" beverage mixtures.

Toby McBride, High Performance Beverage Company CEO, stated, "We have spent the last several months working diligently by interviewing multiple potential lenders, in order to find an appropriate financial partner for our Company. Now that our recent funding commitment has been secured, we can initiate our business model which includes bringing our Throwdown High Performance beverage to market." He also stated, "We believe that we have now entered into a new era for the Company and expect to see a consistent flow of activity from our operations."

Peter W. Busch, Chairman of High Performance Beverage's Advisory Board, stated, "I am very pleased to see that the appropriate funding for working capital has been secured by the Company. I look forward to watching Toby McBride and Mike Holly, as they take Throwdown High Performance Beverage to the next level, and am proud to be a part of this organization."

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BreedIT Corp. Sees Share Volume Rise

BreedIT Corp. (OTCQB: BRDT) saw its share volume rise on June 5th with 1,431,547 shares exchanging hands, significantly higher than its three month daily average volume of 590,408 shares.

With no recent news, here is what is known about the company:

BreedIT Corp, through its Israeli subsidiary BreedIT Ltd, is the developer of highly sophisticated agro-breeding solutions for plant breeders and researchers. BreedIT's proven iBreedIT(r) - the Intelligent Decision Support System (IDSS) for breeders which was developed by a team consisting of among the world's leading breeding specialists for optimizing the breeding processes, services the plant breeding needs of corporations, research and government institutions. BreedIT's IDSS provides advanced solutions for generating and disseminating knowledge aimed at assisting breeders to plan, manage and analyze their breeding data and to perform research activities quickly and effectively. Founded in 2010, BreedIT Corp has offices in New York, New York and in Rehovot, Israel.

BRDT closed the day at $.469, 9% higher than its previous close of $.43.

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