INVESTOR ALERT: Class Action Lawsuit Against CannaVEST Corp. Announced By Glancy Binkow & Goldberg LLP

LOS ANGELES--(BUSINESS WIRE)--

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the common stock of CannaVEST Corp. (“CannaVEST” or the “Company”) CANV between May 20, 2013 and April 3, 2014, inclusive (the “Class Period”).

Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224 or at (212) 682-5340, or by email to shareholders@glancylaw.com to discuss this matter.

CannaVEST develops, produces, markets and distributes hemp-based consumer products to the nutriceutical industry in the United States. The Complaint alleges that throughout the Class Period defendants issued false and misleading statements or failed to disclose that the Company was misrepresenting and inflating its sales and also exaggerating its goodwill.

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 are a member of the Class described above, you may move the Court no later than June 23, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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