MESQUITE, NV / ACCESSWIRE / February 22, 2016 / Cannabis Sativa Inc. (OTCQB: CBDS) announced today that HI Brands International Inc., a wholly owned subsidiary of Cannabis Sativa Inc., has entered into an exclusive license agreement with Magnolia Wellness (Mag Wellness Inc.), an Oakland based California Mutual Benefit Corporation, to create, market and distribute "hi" Brands products in the State of California. HI Brands International's proprietary "hi" Releaf formulations, developed by Cannabis Sativa Inc. subsidiary, Wild Earth Naturals, will be used as the base for the formulations. The infusion process will be done by Mag Wellness, Inc. at their California facilities. The "hi" products are the "hi" Releaf topical ointment containing 50mg of CBD and 50mg of THC, and the "hi" Releaf Plus topical ointment containing 50mg CBD and 100mg THC.
HI Brands International will also provide marketing advisory services in connection with the packaging, labeling and branding of the "hi" Branded products.
David Tobias, CEO of Cannabis Sativa Inc., said: "We are privileged to be able to align the "hi" brand with Mag Wellness, Inc. and look forward to the "hi" product line becoming a leader in the California market and beyond."
About HI Brands International Inc.: HI Brands is the owner or licensee of certain proprietary technology and confidential information, which may be used to infuse various products with Cannabis compounds and/or hemp oil.
Forward-Looking Statements:
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Underlying assumptions include without limitation, the ongoing enactment of legislation favorable to the production of and the commercialization of cannabis products and the Company's success in capitalizing on that legislation. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contact Information:
Investor Relations
Mesquite, NV 89027
702-345-4074
http://www.cannabissativainc.com
SOURCE: Cannabis Sativa, Inc.