(TheNewswire)
VANCOUVER - TheNewswire December 18, 2020 – CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the"Company") (CSE:CANA) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce that its Colorado licensee, Arsenal Oils and Extracts ("Arsenal" or the"Licensee") , has opened its newfacility and begun distribution across Colorado to dispensaries withpre-orders. The Company is launching new genome focused andstrain-specific edible products into the market to meet market demandfor product differentiation.
Dan Anglin, CEO and Founder of CannAmerica Brandsexplained the launch, “This challenging year is ending withextremely positive momentum for the Company with the reintroduction ofour products into the Colorado cannabis marketplace, the entry intothe hemp and CBD marketplace, and continued expansion of theCompany’s business into new markets. In the spring of this year theCompany was informed that the previous Colorado licensee was sellingtheir business and the purchaser would not be conducting co-packagingrelationships with other brands. In June, the Company signed anagreement with Arsenal, a US military veteran-owned extraction companywith five years of extraction and product distribution experience inColorado. Construction began immediately to build a kitchen in thefacility, but with lockdowns and restrictions due to COVID-19, theprocess was severely delayed for permits, inspections and approval foropening of the facility.”
Anglin continued, “With Arsenal’s facility upgradedand approved for edible manufacturing in early December, the Companyimmediately began manufacturing products for testing and are excitedto announce that distribution has already begun to fulfill standingorders from dispensaries across the state of Colorado.” “Our newlineup of products coupled with new products to be introduced nextmonth means that CannAmerica will once again be a primary brandfixture in retail dispensaries across Colorado just in time for theholiday rush. We expect to once again take a position in the Coloradomarket of being one of the top-ten edible products available to theconsumer” said Anglin.
Additionally, the Company is pleased to announce thatthe nominees set forth in the management proxy circular dated November12, 2020, Dan Anglin, Austin Sims and Diana Anglin were elected asdirectors of the Company at the Annual General Meeting of shareholdersheld on December 17, 2020 in Vancouver, B.C. (the “Meeting”). Atthe Meeting, the shareholders also approved the appointment of ManningElliott , LLP , CharteredProfessional Accountants as the auditors of theCompany and authorized the Company’s board of directors to fix theauditors remuneration. The shareholders also ratified and approved theCompany’s 15% rolling Stock Option Plan.
Following the Meeting, Dan Anglin was appointedPresident and Chief Executive Officer, Diana Anglin was appointedChief Operating Officer, Paul Ciullo was appointed Chief FinancialOfficer and Corporate Secretary.
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
CEO and Director
www.cannamericaco.com
www.cannamericabrands.com
1(844) 484-3996
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, Nevada, Oklahoma, Maryland, Massachusetts and theCountry of Canada. The Company aims to maximize the value of itsbrands by employing strong brand management teams, marketing andlicensing the brands through various distribution channels, includingdispensaries, 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.
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