April 22, 2014 (Shareholders Foundation) - An investigation on behalf of investors of CannaVEST Corp (OTCMKTS:CANV) shares over potential securities laws violations by CannaVEST and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of CannaVEST Corp (OTCMKTS:CANV) concerning whether a series of statements by CannaVEST regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of CannaVEST Corp (OTCMKTS:CANV) grew from $17.00 per share in late December 2013 to as high as $85.55 per share in late January 2014.

Then on April 3, 2014, CannaVEST Corp said in a filing with the SEC that on March 28, 2014, management of CannaVEST Corp. concluded that the previously issued financial statements contained in its 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 because of errors related to the purchase price and the purchase price allocation for the assets acquired related to PhytoSPHERE Systems.

Shares of CannaVEST Corp declined to as low as $14.90 per share on April 15, 2014.

On April 22, 2014, OTCMKTS:CANV closed at $23.40 per share.