(TheNewswire)
VANCOUVER – TheNewswire - February 14, 2022 – CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the"Company") (CSE:CANA) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce theappointment of Mr. Vincent E. Norment to the Company’s Board ofDirectors (the “Board”).
Mr. Norment is a United States Marine Corps veteran andthe founder and Chief Executive Officer of the Marijuana Hall of Fame,an organization that is focused on the promotion of cannabisbusinesses and pioneers who have individually made an impact on thelegalization of cannabis, innovation in cannabis products orprocesses, or have contributed to the large-scale normalization ofcannabis use for medicinal or adult use. The Marijuana Hall of Fame isfounded in Illinois and has plans to open museums in all states inwhich cannabis products are legal.
Mr. Norment brings a large network of relationships tothe Board, having established successful business combinations inmultiple states and is a known figure for his promotion of socialequity in the cannabis industry. He is associated with multiplecompanies that have been awarded licenses in the state of Illinois,including Helios Labs, Parkway Dispensary and Highwaymen security,acting as the Marketing and Business Development Officer for thesesuccessful license holders. Currently, Mr. Norment is a Director ofHemptensils, a company that produces and distributes a line ofhemp-based products for the restaurant industry as a replacement forplastic utensils and straws, reducing the number of plastics damagingthe environment. Prior to his cannabis career Mr. Norment worked as amarketing expert with AndroidTapp, Fingerweights, DBANDS and was amember of the 2016 Chicago Olympic summer games bid Committee.
Mr. Dan Anglin, President and Chief Executive Officercommented “I am extremely proud to have Mr. Norment join the Board.Mr. Norment’s vision to bring social equity to the cannabis industryis aligned with the Company’s actions to partner withunderrepresented owners across the country to bring CannAmerica’sbrands to new markets. Mr. Norment’s expertise and extensiveknowledge of not only cannabis as a product, but also his network ofoperators, innovators and pioneers across the nation will provideCannAmerica with a broad opportunity to increase the Company’spresence across America.”
Mr. Norment stated “I’m excited to be working withCannAmerica Brands, because its mission goes beyond cannabis as abusiness and has an additional focus of promoting diversity andinclusion in the industry. I’m also proud to be working closely withthe Company’s founder and CEO Dan Anglin, who is also a U.S. MarineCorps veteran, as our shared experience in the most respected militaryservice in the world has already forged a strong relationship thatwill help us guide this Company into the future together.”
In Colorado, effective January 1, 2022 the Companybegan managing the operations of its licensed partner Arsenal Oils andExtracts, LLC. (“Arsenal”), in accordance with the series ofagreements related to the merger and acquisition of Arsenal announcedon December 16 and December 22, 2021 . Since taking over the management of Arsenal sales haveincreased by 7% over January 2021. The Company continues to increasestaff and production to meet the increased demand for CannAmerica’sedible and vaporization products in Colorado.
On January 27 th , 2022, Manning Elliott, LLP the Company’sindependent auditor submitted their resignation to the Company due tostaffing shortages, as a result of two years of pandemic restrictions.The Company is currently interviewing for a replacement auditor andwill provide an update as soon as a firm is chosen.
For a more complete business and financial profile ofthe Company, please view the Company's website at www.cannamericabrands.com and documents posted under the Company’sprofile on www.sedar.com .
For further information please contact the Company atinfo@cannamericabrands.com.
On Behalf of the Board,
Dan Anglin
Chief Executive Officer and Director
www.cannamericabrands.com
About CannAmerica Brands Corp.
CannAmerica is a U.S. Marine Corps veteran founded andoperated portfolio of cannabis brands with licensing agreements in thestates of Colorado, Oklahoma, Massachusetts and the Country of Canada.The Company aims to maximize the value of its brands by employingstrong brand management teams, marketing and licensing the brandsthrough various distribution channels, including dispensaries,wholesalers and distributors, in the United States andinternationally. The Company's core strategy is to enhance andmonetize the global reach of its existing brands, and to pursueadditional strategic acquisitions to grow the scope and diversity ofits brand portfolio. For more information, please visit www.cannamericabrands.com .
Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Forward-LookingStatements
This news releasecontains "forward-looking information" within the meaning ofapplicable securities laws. All statements contained herein that arenot clearly historical in nature may constitute forward-lookinginformation. In some cases, forward-looking information can beidentified by words or phrases such as "may","will", "expect", "likely","should", "would", "plan","anticipate", "intend", "potential","proposed", "estimate", "believe" or thenegative of these terms, or other similar words, expressions andgrammatical variations thereof, or statements that certain events orconditions "may" or "will" happen, or bydiscussions of strategy.
Readers are cautionedto consider these and other factors, uncertainties and potentialevents carefully and not to put undue reliance on forward-lookinginformation. The forward-looking information contained herein is madeas of the date of this press release and is based on the beliefs,estimates, expectations and opinions of management on the date suchforward-looking information is made. The Company undertakes noobligation to update or revise any forward-looking information,whether as a result of new information, estimates or opinions, futureevents or results or otherwise or to explain any material differencebetween subsequent actual events and such forward-looking information,except as required by applicable law.
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