Cannabis Sativa Inc. Inks MOU with Natural Rx Investment Club LLC
October 07, 2015 at 07:00 AM EDT
1st Union Cannabis Worker Contract in Oregon at "hi" Branded Dispensary
MESQUITE, NV / ACCESSWIRE / October 7, 2015 / Cannabis Sativa Inc. (PINKSHEETS: CBDS) today announces that, on behalf of its wholly owned subsidiary, Hi Brands International, Inc. ("HBI"), a Nevada corporation, has entered into a memorandum of understanding with Natural Rx Investment Club LLC.
The MOU outlines the branding of dispensaries, products, and product processing/manufacturing under the trademark "hi" and licensing of the "hi" branding for use in product sales and distribution, and marketing of "hi" branded merchandise.
This agreement hopes to capitalize on market opportunities nationwide and worldwide as the market expands for marijuana products due to the legalization of marijuana moving forward nationwide in the United States. Gary Johnson, CEO and President of Cannabis Sativa believes the "hi" brand will be a "cornerstone of the marijuana industry as it moves forward."
Natural Rx Investment Club LLC, which had been doing business as "Stoney Brothers," is in the process of rebranding itself as "hi." New signage is visible at the retail store at Southeast 79th Avenue and Powell Boulevard, Portland, Oregon.
The company plans to open a second location soon in Astoria and also has a state license for a third dispensary in Southeast Portland. Natural Rx Investment Club LLC owns a garden in Sunriver, Oregon, a farm in Amity, Oregon and a research facility in Portland, Oregon. Long-term plans call for developing grow, processing, extract and wholesale operations that eventually would employ dozens of workers.
Natural Rx Investment Club LLC and United Food & Commercial Workers Local 555 recently negotiated a three-year contract on behalf of employees at their Portland dispensary. The initial contract for workers at the newly branded "hi" dispensary provides for wages starting at $15 an hour for cashiers, $20 an hour for trimmers and up to $32 an hour for master cannabis cultivators. The agreement also guarantees paid holidays and vacation days, pension contributions and employer-subsidized health insurance.
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.
SOURCE: Cannabis Sativa, Inc.