CannAmerica Provides Update on Brokered Private Placement Co-Led by Canaccord and Gravitas

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(TheNewswire)

  

VANCOUVER, BC / TheNewswire / April 17, 2019 – CANNAMERICA BRANDS CORP. ("CANA" or the "Company") (CSE: CANA) (OTCQB: CNNXF) wishes to announce the termination of its previous engagement letter with Canaccord Genuity Corp. and Gravitas Securities Inc. as co-lead agents (the “Agents”), in connection with its previously announced best efforts private placement of up to 33,333,333 units of common shares and common share purchase warrants. The Company and the co-lead agents have mutually agreed to terminate the engagement letter.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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 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. 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.

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2019 TheNewswire - All rights reserved.