CANNAMERICA “BRAND OF THE FREE” ANNOUNCES
LISTING ON CSE UNDER SYMBOL “CANA” AND PROVIDES UPDATE ON BUSINESS
STRATEGY
TORONTO -- October 15, 2018 --
InvestorsHub NewsWire -- CANNAMERICA BRANDS CORP. ("CannAmerica" or
the "Company") (CSE:
CANA), a cannabis branding, licensing and
intellectual property company with a portfolio of premium cannabis
brands in the United States, is pleased to announce it has received
approval for the listing of its common shares on the Canadian
Securities Exchange (“CSE”). The Company’s shares will commence
trading at market open on Monday, October 15, 2018, under the
symbol “CANA”.
CannAmerica Enters Licensing
Agreements
CannAmerica had an exciting start to
fiscal 2019 ending March 31. The Company has entered into licensing
agreements for its key brand, CannAmerica (the “Brand”), in three
key geographic markets – Colorado, Nevada and Maryland, with
industry leaders in each of these respective markets. The Company
has licensed its brands, packaging, formulas, supply chain and
processes to the three licensees in exchange for licensing royalty
fees based on sales by the licensee. The Company has successfully
raised approximately $5.4 million via non-brokered private
placements. The initial Brand has sold over 12 million state
approved gummies in the Colorado market, since launching in
2016.
Update on Current
Licensees
The Company currently licenses its Brands
to licensed and regulated Cannabis product manufacturers and
wholesale licensees and has three licensing agreements with
licensees in the States of Colorado, Nevada and Maryland, with
additional multi-state growth planned in the current and subsequent
fiscal year.
Colorado
The licensee in Colorado is a
well-established 25,000 square foot cultivation and manufacturing
facility, currently selling in dispensaries in Colorado. New SKU’s
will be introduced into the Medical market in
October.
Nevada
The licensee in Nevada is a
well-established 30,000 square foot cultivation and manufacturing
facility, currently selling in dispensaries in Nevada. Production
commenced in August 2018 with over 150,000 gummies produced to
date.
Maryland
The licensee in Maryland has a 7,500
square foot facility and was one of the first extraction licenses
issued in Maryland, and is currently one of only 15 extraction
licenses in the state. The operations related to CannAmerica’s
license agreement commenced in August
2018.
Updates on Near-Term
Growth
New Geographic
Markets
The Company plans to launch its existing
brand portfolio via new license agreements in several new and
important U.S. states, including California, in the next six
months.
Acquisition
Pipeline
The Company is currently assessing a
number of key brands as acquisition targets to continue growing the
portfolio of brands and to diversify revenue streams. These efforts
will be a catalyst in the Company’s growth
strategy.
Strategy
The Company aims to acquire well-known
consumer brands in the Cannabis space with high potential for
growth and strong brand awareness. The Company is also seeking to
diversify its portfolio by evaluating the strength of targeted
brands and expected viability and sustainability of future royalty
streams. Upon the acquisition of a brand, it seeks to partner with
leading wholesalers and dispensaries to drive incremental value and
maximize its brand equity. It focuses on certain key initiatives in
its licensing and brand management business. These initiatives
include:
-
Maximizing the value of its
existing brands by creating efficiencies, adding additional product
categories, expanding distribution and retail presence and
optimizing sales through innovative marketing that increases
consumer brand awareness and loyalty;
-
Expanding through e-commerce
channels;
-
Developing international
expansion through licenses, partnerships and other arrangements
with leading retailers and wholesalers outside the United States;
and
-
Acquiring consumer brands (or
the rights to such brands) with high consumer awareness, broad
appeal and applicability to a wide range of product
categories.
The Company’s business is designed to
continually build upon and add to the value of its brands through
license agreements and partners that are responsible for
manufacturing and distributing its licensed products. Its brands
are licensed for the Cannabis space and it seeks to select
licensees who have demonstrated the ability to cultivate,
manufacture, produce and sell quality products in their respective
licensed categories.
Dan Anglin, Founder, CEO and
Director
A U.S. Marine Veteran, Dan Anglin is
Founder and CEO of AmeriCanna Brands, a Marijuana Infused Products
manufacturer and cultivator of both medical and recreational
marijuana products in Colorado. Since 2011, Dan has been a
high-profile leader in the marijuana industry, having owned and
operated a successful recreational dispensary in Black Hawk
Colorado, and co-owned one of the largest marijuana manufacturing
companies in the world, EdiPure, operating in multiple states. Dan
is also a national expert in marijuana public policy, serving on
rule-making work groups for the Colorado Marijuana Enforcement
Division on more than 10 occasions, as well as crafting legislation
directly at the Colorado General Assembly for the good of Colorado
and its regulated industry. Dan founded and is the Chairman of the
Board of Directors of the Colorado Cannabis Chamber of Commerce, an
industry-based trade organization dedicated to advocacy and
networking opportunities for the cannabis industry, as well as
promoting reasonable regulation on legal commercial cannabis
businesses.
Frank Falconer, Founder, COO and
Director
Frank’s involvement in the cannabis
industry started in 2009 with the ownership and successful sale of
marijuana edibles company, Wild Flour Baking Co. (“WFB”). Shortly
after the sale of WFB, Frank shifted focus to distribution and
development of new brands in the Colorado market. The impressive
portfolio of infused-product brands he introduced into the market
include: EdiPure, EyeChronic, ExtractionTek, CRREO bags, Kush
Bottles, ApotheCanna, PharmPods, Organa Labs Vape Pens (Open Vape),
and Atmos Vape Pens. In addition to this list of brands he
introduced into the market, he co-founded Denver Consulting Group
(A Cannabis Consulting Firm, catering to clients nation-wide),
Cannascore (a Compliance Audit Software Program, tracks compliance
for cannabis operations, nation- wide), and now Americanna. Frank
brings a unique, creative, intuitive approach to cannabis brand
development, and his successful portfolio has led him to become one
of the most trusted, sought-after players in the
industry.
For
more information, please visit www.cannamericabrands.com
On
Behalf of the Board,
Dan
Anglin
CEO
and Director
Media
Contact
(314)
495-4589
About CannAmerica Brands
Corp.
CannAmerica is a U.S. marine veteran
founded and operated portfolio of cannabis brands with licensing
agreements in the states of Colorado, Nevada and Maryland. The
Company aims to maximize the value of its brands by employing
strong brand management teams, marketing and licensing the brands
through various distribution channels, including dispensaries,
wholesalers and distributors, in the United States and
internationally. The Company’s core strategy is to enhance and
monetize the global reach of its existing brands, and to pursue
additional strategic acquisitions to grow the scope and diversity
of its brand portfolio.
Cautionary Note
Regarding Forward-Looking Statements: This release includes certain
statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities
laws or forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995. All
statements in this news release, other than statements of
historical facts, including statements regarding future estimates,
plans, objectives, timing, assumptions or expectations of future
performance, including the potential acquisition of additional
brands and license agreements, and expansion into other states, are
forward-looking statements and contain forward-looking information.
Generally, forward-looking statements and information can be
identified by the use of forward-looking terminology such as
"intends" or "anticipates", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "should", "would" or "occur". Forward-looking statements
are based on certain material assumptions and analysis made by the
Company and the opinions and estimates of management as of the date
of this press release, including that the Company will be
successful in acquiring additional brands and license agreements
and expanding into additional states and financing required to
support the acquisition of additional brands will be obtained.
These forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward-looking statements or forward-looking information.
Important factors that may cause actual results to vary, include,
without limitation, the Company will be unable to obtain the
financing required to support the acquisition of additional brands,
the Company will not be successful in acquiring additional brands
and license agreements and expanding into additional states.
Although management of the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements or
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements and
forward-looking information. Readers are cautioned that reliance on
such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement,
forward-looking information or financial out-look that are
incorporated by reference herein, except in accordance with
applicable securities
laws.
Neither the
Canadian Securities Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the Canadian Securities
Exchange) accepts responsibility for the adequacy or accuracy of
this
release.
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