Cannabis Sativa, Inc. Clarifies Its Relationship with Baked Botanicals in the Washington Cannabis Market
December 15, 2014 at 21:26 PM EST
Cannabis Sativa, Inc. (CBDS) (referred to collectively with its subsidiaries as “CBDS”) announced today a clarification of its relationship with Green Chief LLC d/b/a Baked Botanicals, a licensed I-502 cannabis infused edible producer and processor based in Granite Falls, Washington.
In October, 2014, CBDS entered into a packaging arrangement with Baked Botanicals. In December 2014 Baked Botanicals introduced three products to market in the State of Washington which were branded with the “hi” brand shared with CBDS and packaged using the designs. Baked Botanticals agreed to pay CBDS for the packaging of the products.
CBDS is not licensed to sell and has not sold any cannabis related products in the State of Washington nor has CBDS played any role in the production or sale of Baked Botanicals’ products or the conduct of its business operations
CBDS would like to further clarify that Stesha Ries was incorrectly attributed as the owner and operator of Baked Botanicals. Stesha Ries is the Director of Operations for Baked Botanicals.
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. 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.