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CBD Daily NEWS August 23 2018

posted Aug 23, 2018, 4:51 AM by Scott Salisbury

TORONTOAug. 22, 2018 /CNW Telbec/ - LiveWell Canada Inc. ("LiveWell" or the "Company"), (TSXV: LVWL), is pleased to announce it has signed its first cannabidiol (CBD) supply agreement for a minimum annual purchase commitment of 5,000 kilograms of CBD isolate at a price of USD$7,000 per kilogram over the next 12 months. This minimum volume represents approximately 20 percent of the initial expected CBD supply to be extracted from the industrial hemp biomass secured by LiveWell as announced in an earlier release dated August 13, 2018.  In addition, the contract contains annual renewals for up to five years.

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