Cannabis Science Issues First 2018 Guidance Report; 4/20 Court Date Set For Lawsuit Against San Joaquin County

Cannabis Science Inc., President & CEO

IRVINE, CA, April 10, 2018 (GLOBE NEWSWIRE) — Cannabis Science, Inc. (CBIS), a U.S. company specializing in the development of cannabinoid-based medicines, is pleased to issue a 2018 First Quarter Guidance Report and announces court date set for April 20, 2018 in the Company’s lawsuit against San Joaquin County, California. Cannabis Science looks forward to a favorable resolution of its lawsuit, and to the full implementation of the Company’s revenue growth plan through additional acquisitions, as well as through the development of new wholesale and retail sales channels on route to become a leading educational, medical & industrial cannabinoid producer.

“Our Company has taken many important steps during the first quarter of this year. I believe we are on the right path in terms of continuing to strengthen our brand, developing new revenue streams, investing in the research and development of cannabinoid-based medicines, acquiring manufacturing and distribution capabilities, and maximizing value for our patients, shareholders, and stakeholders,” stated Mr. Raymond C. Dabney, Cannabis Science’s President, Chief Executive Officer (CEO), and Co-Founder. “Additionally, we are in the process of raising new capital to continue to fuel our growth strategy. All of these steps are intended to strengthen our Company and grow our revenues and profits.”

Cannabis Science’s major activities during the first quarter of 2018 included:

1.     San Juaquin County Lawsuit Update – Depositions in the case begin this week, including the deposition of Captain Jerry Alejandre of the San Joaquin County Sheriff’s Office scheduled for April 11th and the deposition of Mr. Tim Pelican, San Joaquin County’s Agricultural Commissioner, scheduled for April 12th. Cannabis Science announces that a court date has been set for April 20th, 2018 (4/20), for the Company’s lawsuit against San Joaquin County. Cannabis Science, along with plaintiffs including American States University, HRM Farms, and Free Spirit Organics Native American Corporation, among others, is seeking full compensation for the wrongfully-seized hemp crop that was being cultivated for research and medicinal purposes, as well as a court order that the plaintiffs’ legal industrial hemp research operations be allowed to resume. The plaintiffs’ lawsuit was filed in the U.S. District Court for the Eastern District of California.

2.     Cannabis Science’s Economic Development Initiative Update – Cannabis Science’s Economic Development Initiative is well underway, and the Company previously announced its first major project with Free Spirit Organics Native American Corporation (FSO NAC), HRM Farms, and the Company’s University partners for a comprehensive educational, economic, and property development program. With the Universities at the helm, FSO NAC, HRM Farms, Cannabis Science, and its University partners are poised to become among the country’s leading educational cannabinoid producers for specific demographic legal, medical & specific trade education creating a vibrant economic growth program for any City, Country or State. The flagship educational partner, Raymond C. Dabney University (RCDU) leads a consortium of Universities, including American States University (ASU); these and other University partners and associates will provide educational packages for each community in Agriculture, Law, Business, Healthcare, and 37 other trade industries, as well as entrepreneurial job creation programs.

The main function of the University Partnerships is the responsibility and complete oversight of the Company’s Economic Development Initiative. A primary goal of RCDU is to provide financially challenged communities an affordable opportunity to acquire a quality education beginning with a structured and regulated program in a number of diverse industries while placing an immediate focus on job creation for a very large number of industries. As an intricate part of each FSO NAC land package deal, the implementing partners expect to provide full scholarships and additionally-subsidized education packages to members of the Native American community and any other challenged individuals with the desire to grow with the initiative. The Cannabis Science Economic Development Plan, in cooperation with FSO NAC, includes a number of the following customized for each community: