SOURCE: United Cannabis Corporation

June 24, 2014 16:11 ET

United Cannabis Corp Appoints Earnest Blackmon as President and Interim Chief Executive Officer; Adds John C. Hunter to Advisory Board

DENVER, CO--(Marketwired - Jun 24, 2014) - United Cannabis Corp (OTCQB: CNAB) (the "Company" or "United Cannabis") today announced that the Board of Directors has appointed Earnest Blackmon to President and Interim Chief Executive Officer, effective immediately, and will continue the role as Chairman of the Board. Paul Enright, who served as the Company's Chief Executive Officer, will take the position of Vice President of Business Development.

Earnest Blackmon is a horticulturalist and entrepreneur with over 20 years' experience, including 5 years in the Commercial Cannabis Industry. Mr. Blackmon is also an owner and the master grower at River Rock Colorado in addition to his duties at United Cannabis. Mr. Blackmon has developed a proprietary grow method based on an organic standard to aid in stable chemical synthesis to limit side reactions that diminish yield. Mr. Blackmon's skill with operations, project management, quality control and cultivation ensure that every United Cannabis sponsored production facility will produce consistent high-grade organic cannabis to meet the demands of its patients.

"We would like to thank Paul Enright for his contribution over the last several months, including the last three months as CEO," said Earnest Blackmon, Chairman, President, and Interim CEO. "As an industry leader, our business model is strong and opportunities are abundant. We plan to capitalize on these timely prospects while increasing the Company's value for all of its shareholders."

United Cannabis also appointed John C. Hunter, III to the advisory board. United Cannabis will be looking to Mr. Hunter and his background in the Chemical Industry for guidance in the following areas: Strategy Development, Organizational Design, and Public Company Governance; as well as any issues or opportunities the executive team feels could benefit from his talents and expertise.

John C. Hunter, III has over 40 years of global chemical industry experience. He began his career in 1969 with Monsanto Company, and for the next three decades held positions of increasing responsibility in areas such as engineering, sales, and management. He was appointed Vice President and General Manager, Asia Pacific, for the Specialty Chemicals Division of Monsanto Chemical Company in 1989, and Vice President and General Manager, Fibers Division and Asia-Pacific for the Chemicals Group, an operating unit of Monsanto Company, in 1993. Mr. Hunter became President of the Fibers Business Unit in 1995. In September 1997, Monsanto spun off its chemicals business as Solutia Inc., and Mr. Hunter was appointed its President and Chief Operating Officer. He became President and Chief Executive Officer in May of 1999, and added the role of Chairman of the Board on December 1, 1999. Mr. Hunter retired as Chairman, President and Chief Executive Officer of Solutia in 2004. Mr. Hunter is currently a member of the Board of Directors of Penford Corporation and Energizer Holdings, Inc. He received a B.S. degree in Chemical Engineering from the Georgia Institute of Technology and an M.B.A. from the University of Houston.

"I welcome the excitement and the challenges this nascent, albeit fast moving cannabis industry has to offer," stated John C. Hunter, III. "I am thoroughly impressed with the executive team at United Cannabis. They are all reliable and notable experts in their field; passionate and dedicated to both the science and its patients. They were very helpful in addressing my initial concerns with the overall industry, and I believe the concerns of many in my generation, and have successfully illustrated the urgency and usefulness of Cannabis to public health."

"The executive team at United Cannabis is honored to have an individual of John's stature working with our team. With his decades of experience leading Fortune 500 companies, John's insight will provide guidance to shape our company during this growth phase. He adds a unique perspective to our company that will make us a formidable player in our sector. He also understands how Cannabis has the potential to provide therapy to a wide range of people with chronic illnesses that have been underserved due to the lack of research in the field," said Chadwick Ruby, COO.

About United Cannabis Corporation
United Cannabis has a foundation in the cannabis industries. With our consulting services, management and oversight we are capable of assisting any Cannabis oriented company on any scale. United Cannabis is now partnering domestically and internationally with local businessmen, entrepreneurs, and scientists for the purpose of promoting Best Practices in: Planning, Procedures, Governance and Patient Care. The company's consulting services will also provide guidance on design and construction for Grow Operations and the cultivation of medical grade cannabis-based products worldwide. With access to a catalogue of award winning genetics and coupled with our leadership and experience, we are positioned to take any cannabis business through all of the steps for success. For further information, please visit www.unitedcannabis.us.

Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

Contact Information