Alternate Health Announces Cannabis Production Partnership with California Native American Band for Operation within Federal Law

Alternate Health (CSE:AHG) entered into a 30 year joint venture agreement with the Alturas Native Band to support the development, production, research and extraction of CBDs used to create medicinal products. The cannabis produced at this facility will be extracted on-site to create highly valuable cannabidiol for use in producing exclusive products that utilize Alternate Health’s patented delivery systems.
As quoted in the press release:

“We are extremely excited to partner with the Alturas Band,” said Jim Griffiths, CFO for Alternate Health. “We will bring our expertise in extractions and medicinal products to create a strong, stable and federally legal cannabis production operation in the state of California. We believe this relationship strongly positions Alternate Health for success in the this market.”
The facility, a 12 acre compound, will allow Alternate Health to manufacture substantial volume of sublingual, dissolvable pills and patches that can then be distributed to the many state compliant collectives and medical entities.
Alternate Health expects to close the joint venture transaction in early February, 2017 and commence business in the spring of 2017. Alternate Health will receive 45% of the proceeds and the Alturas Native Band will receive 55% (In accordance with typical sovereign rights contracts).

Click here for the full press release.