VANCOUVER, Oct. 31, 2018 /PRNewswire/ - CANNAMERICA BRANDS CORP. ("CannAmerica" or the "Company") (CSE: CANA), is proud to announce the launch of its branded cannabis concentrates in Maryland. These high-quality concentrates are available to dispensaries across the state through CannAmerica's partnership with FGM Processing LLC ("FGM Processing"), which operates a 7,500 square foot cannabis extraction facility in Charles County, Maryland, and was one of the first extraction licenses in the state.
"We look forward to working with our partners at FGM Processing to increase the medical cannabis product offerings available to Maryland's patient community, with many new and exciting products being developed in our Maryland cannabis laboratory," said Dan Anglin, CannAmerica Co-Founder and CEO. "As one of the first fifteen (15) licensed hydrocarbon cannabis processors in the state of Maryland, our terpene-rich product line is based on our many years of experience bringing quality concentrates and distillate formulations to cannabis consumers and patients in Colorado's regulated marketplace."
CannAmerica products available to licensed Maryland dispensaries include concentrates, such as the Company's Rick Simpson Oil (RSO), as well as Full Spectrum Distillate and Disposable Vape Pen lines—both available in Indica, Sativa and Hybrid.
CannAmerica's top-shelf, genome-specific clear distillate oil is produced through a unique proprietary process held by CannAmerica Brands and provided to its licensees. CannAmerica Brands got its start as a successful gummy brand in Colorado—with over 12 million gummies sold to date—and has since expanded to include licensees and partnerships in Colorado, Nevada and Maryland.
On Behalf of the Board, Dan Anglin CEO (314) 495-4589
About CannAmerica Brands Corp.
CannAmerica Brands 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.