United Cannabis Announces CBD Oil Contract Worth Up To $42M

United Cannabis Corporation (OTC: CNAB) announced Tuesday that it has been contracted to supply a single customer with its hemp-derived CBD isolate oil for 100 weeks.

The market value of the contract is from $30 to $42 million, United said.

This is the company’s second material agreement since the formation of its Colorado-based MEAD facility in June, where the CBD isolate will be processed, CEO Earnest Blackmon …

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