CannAmerica Provides Operational Update

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(TheNewswire)

 

VANCOUVER, BC – TheNewswire - July 25, 2019 – CANNAMERICA BRANDS CORP. ("CannAmerica" or the "Company") (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce the following operational updates.

In order to assist in fulfilling the demand for the Company’s branded products across the state of Nevada, shipment of Flower One Holdings Inc. (“Flower One”) (CSE: FONE) (OTCQB: FLOOF) second order of 60,000 units has begun with an anticipated arrival of all packaging by the end of the week. The Company is also assisting Flower One with the deployment of new equipment to help speed up request processing and provide consumers with quicker access to our high-quality edibles.

"CannAmerica is committed to making the investments necessary to properly scale its operations in all of our existing markets, “said Dan Anglin, CEO and Co-Founder of CannAmerica. “Working in parallel with a partner like Flower One will only serve to expediate the development of a robust production infrastructure to better serve the Nevada market.”

On July 3, 2019, the Company announced that it had entered into a long-term licensing agreement and brand partnership with THC Total Herbal Care Corporation ("THC") under which THC has an exclusive license to manufacture and distribute CannAmerica branded cannabis infused gummy products, disposable vape pens, distillate droppers and shatter and wax concentrate product in Oklahoma.

In line with the terms of this agreement, the Company has begun ordering the equipment needed to begin operations and in Oklahoma, along with scheduling training sessions to teach its formulations and best practices prior to the launch of its products in this new market.

Additionally, the Company has received an order of its redesigned packaging and new flavor profile for its gummies to its licensee in Colorado, Winkanda, LLC. This order of 15,000 units for sale in local dispensaries is anticipated to be shipped in early August.

"We are pleased with the sustained orders from our existing licensees and are excited by the prospects of continued growth in the months ahead with our branded products slated to be available in the Oklahoma medical cannabis market," said Dan Anglin, CEO and Co-Founder of CannAmerica. “In addition to breaking new ground in the southern United States, our sales team is committed to expanding the reach of our products both domestically and internationally.”

Further to its press release dated February 15, 2019, the Company announces the expiration of its previously announced letter of intent with Winchester MD Limited.

For more information, please visit www.cannamericabrands.com.

 

On Behalf of the Board,

Dan Anglin

CEO and Director

(314) 495-4589

 

Media Contact

Sarah Thorson

Grasslands: A Journalism-Minded Agency

[email protected]

(609) 234-8531

 

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. For more information, please visit www.cannamericabrands.com.

 

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.

 

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. 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 that 15,000 units is anticipated to be shipped by the Company to Winkanda, LLC by early August 2019 and that the Company’s products are expect to be sold in Oklahoma pursuant to the Company’s agreement with THC 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 15,000 units will be shipped by the Company to Winkanda, LLC by early August 2019 and that the Company’s products will be sold in Oklahoma pursuant to the Company’s agreement with THC. 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, that 15,000 units will not be shipped by the Company to Winkanda, LLC by early August 2019, or at all and that the Company’s products will not be sold in Oklahoma despite the Company’s agreement with THC. 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.

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