CannaVest Corp., based in Las Vegas, Nevada, is a company that specializes in developing, producing, marketing, and selling of cannabidiol (CBD), as well as other end-consumer products that contain industrial hemp-based compounds to the nutriceutical industry. The development stage company produces raw ingredients for nutraceutical markets. Founded in 2010 under the name Foreclosure Solutions, Inc., CannaVest Corp. changed its name in January 2013, and trades in the OTC market under the symbol CANV.
CannaVest’s health and wellness raw industrial and consumer products are made with cannabidoil—a non-psychoactive, federally legal substance derived from hemp seed and stalk. Cannabidoil is found in both industrial hemp and marijuana, and is believed to contain numerous benefits. It is used in various nutritional supplements and foods for consumer health and wellness. The pharmaceutical industry also commonly uses cannabidoil for various therapeutic purposes, including the treatment of pediatric epilepsy.
It is important to note that the company is by no means involved with marijuana and products that contain THC. As hemp legalization and legislation continue to progress on both state and national levels, CannaVest foresees a time when “hemp” is detached from “marijuana”, and that hemp can be grown in the country once more. CannaVest commits to growing its young business, including working with both government and regulatory leaders to permit hemp domestication as a farm crop.
CannaVest aims to make the most of this emerging trend by reviving and developing the industrial hemp industry in the United States through the production of industrial hemp and promoting the many benefits it has to offer. Hopefully, these efforts complement their extensive operations overseas.
Among CannaVest’s product portfolio are industrial hemp oil packaged in tubes, branded CBD capsules, and beauty products containing hemp oil such as body wash, shampoo, conditioner, lotion, and hand cream. The company also sells raw cannabidoil products to third parties. CannaVest Corp. portfolio companies include CannaVest Laboratories, Cibdex, Cibaderm, Plus CBD, Hempfit, and US Hemp Oil.