CannaVest Makes Big Non-Cash Profit And Terminates HempMedsPX
- $3.01 Million 2Q/14 Revenue was dwarfed by $8.3M non-cash asset sale.
- CannaVest terminates its distribution agreement with Medical Marijuana, Inc's HempMedsPX. It's not now clear how CannaVest will market, sell and ship products.
- The investment asset sold for $8.3M was valued at $400,000 just a few weeks earlier, but there is no explanation in 10-Q for the 2000% increase in valuation.