Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of CannaVEST Corp. ("CannaVEST"
or the "Company") (OTC:CANV). The investigation concerns possible
violations of federal securities laws, and focuses on certain statements
issued by the Company concerning CannaVEST's financial performance.
CannaVEST develops, produces, markets and distributes hemp-based
consumer products to the nutriceutical industry in the United States.
The invetigation is related to allegations that the Company overstated
its sales by more than 17% for the quarter ended March 31, 2013, and
misstated its goodwill at June 30, 2013, by more than 1300%.
On April 3, 2014, CannaVEST announced that on March 28, 2014, management
concluded that the Company's previously issued financial statements
contained in the Company's Quarterly Reports on Form 10-Q for the
quarters ended March 31, 2013, June 30, 2013, and September 30, 2013,
should no longer be relied upon, and that sales and cost of sales for
the quarter ended March 31, 2013, were misstated.
If you purchased CannaVEST securities between May 20, 2013 and April 3,
2014, if you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement or
your rights or interests with respect to these matters, please contact
Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070
Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at
(215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at www.howardsmithlaw.com.
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