TORONTO, Oct. 15, 2018 /PRNewswire/ - 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, will begin trading today on the Canadian Securities Exchange ("CSE") under the symbol "CANA".
"CannAmerica is excited to achieve this milestone as we work toward expanding our brands into new markets in the U.S. cannabis sector, and beyond," said Dan Anglin, CannAmerica Co-Founder and CEO. "Today's announcement is a significant landmark for CannAmerica and the direct prospectus listing provides investors with access to a new player in this emerging industry. We have multi-state licenses who benefit from a recognized brand, as well as the proprietary formulas, recipes, intellectual property, ingredients, packaging solutions, and trade secrets for creating premium cannabis products."
CannAmerica has brand licensing agreements in the states of Colorado, Nevada and Maryland, and plans to expand to additional U.S. states and internationally, as regulations permit.
The Company's flagship edible gummy brand, CannAmerica, is currently sold in U.S. dispensaries with over 12 million state approved gummies sold in the Colorado market alone, since launching in 2016.
CannAmerica has successfully raised approximately $5.4 million to date via non-brokered private placements, and plans to expand its existing brand portfolio via new license agreements in several new and important U.S. states, including California, in the next six months. The Company is also targeting the acquisition of other well established and/or new consumer cannabis brands with high potential for growth and strong brand awareness in exchange for a royalty on gross sales. These efforts will be a catalyst in the Company's growth strategy and will diversify revenue streams.
CannAmerica aims to continually build upon and add value to its brands through license agreements and partners that are responsible for manufacturing and distributing the licensed products. The CannAmerica brands are licensed for the cannabis space and licensees are selected based on their ability to cultivate, manufacture, produce and sell premium quality products in their respective licensed categories and territories.
On Behalf of the Board, Dan Anglin CEO and Director
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.