sam1933
3 years ago
CannAmerica Signs LOI for Purchase Agreement of Colorado Operator
Vancouver - February 24, 2021 - TheNewswire - CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the "Company") (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce that on February 22, 2021, it had entered into a non-binding letter of intent (“LOI”) for the purchase of its Colorado licensee, Arsenal Oils and Extracts ("Arsenal").
The Company has entered into a non-binding LOI with Arsenal Extracts to purchase 100% of the membership interests and assets of Arsenal for aggregate consideration, including performance incentives, of USD $2,000,000. Arsenal is expected to provide the Company with existing extraction contracts for wholesale customers of distillate and other cannabis oils. The current facility has the capacity to produce up to 10,000 liters of cannabis distillates per year, which the Company intends to utilize for expanding its branded lineup of products in Colorado, as well as wholesale bulk oil sales.
Arsenal has multiple brands of vaporizer cartridges, including Anointed and Lo-Hi, with current sales exceeding $1million per year into retailers across the state. The Company intends to continue the sales of Arsenal’s branded products and introduce its own additional brand of concentrate products called LiveLabs into the Colorado marketplace with the goal of increasing both its product lines and revenues in the state of Colorado.
The existing management team at Arsenal consists of highly experienced operators that are expected to continue to manage the extraction facilities and sales and distribution across Colorado. The Company expects to expand into larger space to accommodate the multiple brands and product lines that will be produced by combining the two companies. The Arsenal team includes:
- Rainbow Coleman, Co-Founder and CEO, specializes in the operations and setup of multiple platforms of extraction and techniques. Mr. Coleman manages the production of oils, refinement, and the production of products manufactured and distributed from the Arsenal facility.
- Adam Carson, Co-Founder and COO, specializes in the marketing, sales, and distribution of products across Colorado.
Subject to Board approval, stock exchange approval and completion of satisfactory due diligence, the Company intends to enter into a definitive purchase agreement on or before April 23, 2021. Consideration for the acquisition consists of:
- 100% asset purchase of the Seller for $2,000,000 in a structured purchase combination of 70% in shares and 30% in cash.
- Existing management will remain in place.
- All licenses, leases, infrastructure, assets, brands, and distribution are included.
Founded in 2016 in Colorado, Arsenal is a black-veteran-owned licensed cannabis manufacturer of infused products. The company currently produces wholesale cannabis oils and filled cannabis cartridges for sale and distribution into licensed cannabis retail under the brands of Lo-Hi and Anointed. In 2020, Arsenal entered into a licensing agreement with CannAmerica Brands Corp to produce its line of edible products for statewide wholesale distribution, with projected sales of $1.5 million in additional revenue based on current production space and capacity.
Dan Anglin, founder and CEO of CannAmerica Brands, stated “The Company is excited to be bringing the expertise of the management of Arsenal Oils and Extracts into the Company as we expand our business model into direct operations across the country. The Company is well positioned to manage the expansion of the operations of a Colorado manufacturing business and position the brands under its control into market leaders in the state. In the last six months, management and the Board of Directors reviewed the current business model of royalty licensing with operators in multiple markets and created a new strategy to expand the Company’s assets into direct ownership of operations of its licensing partners for increasing its revenue streams while also focusing on increasing the direct management of the operations for expansion in the market.”
Anglin continued: “The Company is now laser focused on building the brands in existing and future markets through the direct operational management of businesses like Arsenal’s to expand the number brands under its control. The timing is right for a shift of focus from a low-overhead supply chain and marketing strategy to an operational strategy of managing the business directly for increased opportunities.”
For a more complete business and financial profile of the Company, please view the Company's website at www.cannamericabrands.com and documents posted under the Company’s profile on www.sedar.com.
For further information please contact the Company at info@cannamericabrands.com.
On Behalf of the Board,
Dan Anglin
CEO and Director
www.cannamericaco.com
www.cannamericabrands.com
1(607) 769-7870
About CannAmerica Brands Corp.
CannAmerica is a U.S. Marine Corps veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, Oklahoma , Massachusetts and the Country of Canada. 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.
sam1933
3 years ago
CannAmerica Announces Shares for Debt Settlement
5:00 AM ET 2/18/21 | Dow Jones
CannAmerica Announces Shares for Debt Settlement
February 18, 2021 -- (CannAmerica Brands Corp.) --
(TheNewswire)Vancouver - TheNewswire - February 18, 2021 - CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the "Company") (CNSX:CANA.CN) (OTC:CNNXF)is pleased to announce that it has entered into a debt settlement agreement (the Settlement Agreement) with a creditor (the Creditor) to settle an aggregate of C$151,271 in debt for services provided by the Creditor to the Company by the issuance of an aggregate of 2,016,946 Common Shares at a deemed price of C$0.075 per share.
Additionally, the Company proposes to issue 5,000,000 Common Shares to certain directors, officers, employees and consultants of the Company at a deemed price of C$0.075 per share for services provided to the Company (the Shares for Services).
The issuance of the Common Shares as set out in the above transactions are subject to the prior approval of the Canadian Securities Exchange. All Common Shares issued in connection with the Settlement Agreement and Shares for Services will be subject to a four month hold period under applicable Canadian securities laws.
For a more complete business and financial profile of the Company, please view the Company's website at www.cannamericabrands.com and documents posted under the Companys profile on www.sedar.com.For further information please contact the Company at info@cannamericabrands.com.On Behalf of the Board,
Dan Anglin
CEO and Director
www.cannamericaco.com
www.cannamericabrands.com
1(844) 484-3996About CannAmerica Brands Corp.CannAmerica is a U.S. Marine Corps veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, Oklahoma, Massachusetts and Canada. 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.
MIMadman
5 years ago
CannAmerica Announces First Shipment of New Packaging, New Flavors, and Purchase Order With Flower One
VANCOUVER, April 18, 2019 /PRNewswire/ - CANNAMERICA BRANDS CORP. ("CANA" or the "Company") (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that it has made its first shipment of new packaging for new gummy flavors in Colorado and received its first purchase order from Flower One Holdings Inc. ("Flower One") (CSE: FONE) (OTCQB: FLOOF).
In its first order under the terms of the supply agreement announced on February 14, 2019, Flower One has ordered 50,000 units from the Company for cannabis-product fulfillment in Nevada available in May. This purchase will be distributed into 10 piece and 3-piece bags throughout Colorado and Nevada dispensaries.
Additionally, the Company has completed a shipment of new, redesigned packaging and new flavor profile for gummies to its licensee in Colorado, Winkanda, LLC, for 15,000 units for sale in local dispensaries as a transition in that market from bottles to the new bags. To date, CANA has sold 15.5 million gummies (representing 1.5 million units) in both the Coloradoand Nevada legal cannabis marketplaces.
Dan Anglin, Founder and CEO of CANA, stated "the Company has dedicated nearly a year to creating gummy flavor profiles that are unique with high-quality ingredients. Simultaneously, we have created a packaging solution that is not only bold in its aesthetic qualities, but instantly recognizable as a CannAmerica product. We've gone to great lengths to provide consumers with a package that not only keeps the product fresh but is also a smaller footprint for storage with portability by design."
Anglin continues "We've achieved many goals be redesigning our packaging: the packaging is all made in the USA, which is important to our customer base; we've reduced our carbon footprint in an effort to have less impact on the environment by moving to a mylar bag with Child Resistant locking zipper; we've increased the branding real estate on the bag to easily identify the product and the brand; added space on the packaging for test result information as well as retailer information without reducing our branded image, and increased our presence in retail stores without taking up more space, a necessity in stores that want to carry many brands and lines, but have limited shelf space to do so."
On new and improved flavors, Anglin stated "we've done extensive research into gummy confections and flavor preferences of adults to create flavor profiles that are not only exciting for consumers, but also the best-selling flavors in the category of gummies globally: Cherry; Blue Raspberry; Peach; Strawberry-banana; and two unique flavors - Orange Sherbet and Freedom Pop (a combination of Cherry, Lemonade, and Blue Raspberry in one gummy)."
The company has created a process for edible printing that allows it to enter these food products into any legal market that allows confections, regardless of stamping image requirements, by utilizing edible printing to create the image on the gummies that provide consumers with the knowledge that the product contains cannabis.
Anglin stated "with the exciting redesign of our packaging, we will also now enter the medical marketplace in the state of Colorado, which is a new market for CannAmerica. We look forward to sales in that state simply because there is an entire market that has not been exposed to the brand." Anglin continued, "CannAmerica Gummies available on the medical market in Colorado provides the medical patient in Colorado with high quality, full-spectrum distillate edible with 25mg of THC in each gummy. These products are expected to be in high-demand the moment they hit the shelves in May in Colorado."
CannAmerica Brands is a Colorado-based, marine-veteran-founded cannabis brand known for its line of top-tier cannabis gummies and edibles currently available in three states. Flower One is now licensed to manufacture, distribute and sell CannAmerica Brands' signature cannabis Fruit Juice Gummies and Super Soft Gummies to all cannabis retailers in Nevada.
On Behalf of the Board,
Dan Anglin
CEO and Director
MIMadman
5 years ago
Found on TD Ameritrade dated April 3, 2019.
Invictus MD Strategies Corp. (OTCQX: IVITF) (TSX-V: GENE) is a global cannabis company offering a selection of products under a wide range of brands. The Company recently provided an update on its binding letter of intent to create a joint venture with Cannamerica Brands Corp. (CSE: CANA) (OTCQB: CNNXF) and CBDistribution Company Ltd., that was previously announced on January 7, 2019, with the intention of acquiring hemp biomass for extraction into CBD isolate using purpose-built facilities for large scale CBD extraction. The transaction is anticipated to close on or before March 31, 2019. Each of the parties involved have received approval from their respective Board of Directors to enter into the Joint Venture. Once the transaction is closed, the Joint Venture will mark the Company's entry into the CBD market in the United States. The Joint Venture will no longer be purchasing eighty percent (80%) of the membership interests of Z3 Sciences, LLC, as previously announced on January 16, 2019, due to a mutual decision made by all parties involved. Invictus has also granted 450,000 incentive stock options to certain consultants of the Company. Each stock option has an exercise price of USD 0.95 and is exercisable into one common share of the Company. The options vest immediately and are exercisable over a period of five years. The stock options were granted subject to the terms and conditions of the Company's Stock Option Plan.
MADLONG2019
janetcanada
5 years ago
CNNXF- HIGH PRAISE: Cannabis Influencer Honored as a Pioneer
Dear Reader,
Within the cannabis community, being listed among High Times’ 100 Most Influential People is not unlike getting onto a Forbes or Fortune list: a rare feat reserved exclusively for the most preeminent, respected, and iconic figures in the industry. For Dan Anglin, it’s a well deserved honor and the culmination of decades advocating for much-needed policy reform.
Including Mr. Anglin among the who’s who of cannabis community influencers is an easy choice, as his track record and standing are unmatched and undisputed. A U.S. Marine veteran who served in Desert Storm and Desert Shield, Dan Anglin has spent the past decade championing veterans’ access to cannabis.
That alone would be enough to earn him a spot on the High Times 100 Most Influential People in the Cannabis Industry, but Dan’s tireless advocacy on behalf of medical cannabis patients, particularly in the state of Colorado, has earned him profound respect and regard from his peers.
In 2014 Mr. Anglin founded the Colorado Cannabis Chamber of Commerce, a nonprofit organization that provides advocacy and networking opportunities for stakeholders in the cannabis industry. Moreover, Dan was a fixture at the Colorado Capitol as the state’s adult-use law, Amendment 64, was implemented.
Widely regarded as an expert on policy reform, Mr. Anglin continues to serve on rule-making working groups for the Colorado Marijuana Enforcement Division. Patriot, entrepreneur, influencer – pick whichever label you’d like, but the fact is that Dan Anglin is a humble, down-to-earth man on a mission to provide access to safe, high-quality legal cannabis products.
That’s exactly what Dan provides through the company he co-founded, CannAmerica Brands Corp. (CSE:CANA, OTCQB:CNNXF). With a portfolio of cannabis brands in Colorado, Nevada, and Maryland, CannAmerica has raised $5.4 million to date to acquire and grow the CannAmerica and AmeriCanna brands.
CannAmerica Brands got its start as a successful gummy brand in Colorado – no surprise there, as Dan Anglin is a local hero in the Colorado cannabis community. Dan and CannAmerica sold over 14 million cannabis-infused gummies in Colorado, and have since acquired a portfolio of cannabis brands with plans for expansion to an additional eight U.S. states as well as the Canadian market.
And a recent announcement is expected to solidify Dan’s and CannAmerica’s stature as cannabis market leaders: the company is embarking upon a joint venture with Invictus MD Strategies Corp. and CBDistribution Company Ltd. to acquire a hemp processing facility. This is a perfectly timed move in light of the Farm Bill’s passage in December, which legalized hemp in America on a federal level.
As Mr. Anglin himself so aptly put it: “This is a significant partnership for CannAmerica. This joint venture is anticipated to accelerate the company’s long planned growth into the hemp-based CBD market following the passing of the Farm Bill, with extraordinary opportunities for expansion into new markets.”
With so much experience in the North American legalized cannabis industry, Dan Anglin’s impact on the community, commerce, and culture has been important. It’s high praise from High Times indeed – well done, fully earned, and richly deserved.
Best Regards,
Daniel Ameduri
FutureMoneyTrends.com
janetcanada
5 years ago
CNNXF: Another interesting e-mail from FutureMoneyTrend.com...
Massive Expansion is Possible With This Cannabis Model: The Coca-Cola of Cannabis
Dear Reader,
Every cannabis company is boxed in with borders: state borders, national borders, and only God knows how many laws…
Now, a pioneer in the industry has created a new company that can and will go national. The proof of concept is done, and now it’s happening.
2019 could become a year that turns them into the Coca-Cola of cannabis or the Wheaton Precious Metals of gold – this is the one I want to accumulate right now.
This is our moment!
This is how you position yourself early in one of the strongest brands and teams within a trend that is going vertical.
It’s by far one of the most prudent early-stage deals that’s ever come across my desk.
Consider becoming a shareholder in CannAmerica Brands (CSE: CANA & US: CNNXF) NOW!
The way this business works is that the founders built a strong brand around the slogan "Brand of the Free" and licensers from Nevada, Maryland, and Colorado are already selling their products, paying a fixed, per-unit royalty back to the company.
Get this: it's a CAD$30M company at this point with ONLY 5 employees since the royalty model is so effective. They don't own facilities, which are costly to maintain (taxes, insurance, upkeep, regulation fees), nor do they have overhead (merchandise, raw materials, warehouses).
Instead of competing with the many traditional cannabis companies, they are focused on building a brand name that customers from across the U.S. and Canada can trust and become repeat consumers of.
They DON'T manufacture any of these products, but they license the permission to do so to factories and retail shops in exchange for royalties. It's super smart.
Their focus is fashion, while CannAmerica Brands (CSE: CANA & US: CNNXF) is the only stock to replicate this business model into cannabis, an industry that currently has NO WELL-RECOGNIZED brands.
It's an unbelievable opportunity, as we see it.
The company is rapidly expanding, and since hemp has just become legal on the federal level in the U.S., they're setting their sights on becoming the first globally-recognized hemp brand name. There are no restrictions on shipping state to state, or country to country, for that matter.
Mark my words: even Wall Street gurus will be stunned, but at the moment, no one is aware of this small-cap stock since it's NEW.
They’re headed up by one of the pioneers in the cannabis industry.
Dan Anglin is the who’s who in the cannabis space, starting one of the most successful and first recreational dispensaries in Colorado, later becoming an owner of one of the largest cannabis edible companies in the world.
Dan is also a national expert in marijuana public policy, serving in 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.***
Consider shares of CannAmerica Brands (CSE: CANA & US: CNNXF).
Best Regards,
Daniel Ameduri
FutureMoneyTrends.com
Editor’s Note: I’ll be making this a core position for myself and family.
Legal Notice: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our emails. FutureMoneyTrends.com stock profiles are intended to be stock ideas, NOT advice. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. Wallace Hill Partners LTD owned by the same members who own Future Money Trends, have entered into a three year agreement with CannAmerica Brands, purchased shares via private placement, and have received three hundred thousand US dollars and an additional digital marketing fee of one hundred thousand Canadian dollars paid for directly by the company. We will not sell any shares during any active email coverage, including within thirty days after one has ended. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com/disclaimer.
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