(TheNewswire)
V ancouver - TheNewswire - February 1,2021 - CANNAMERICA BRANDS CORP.("CannAmerica Brands" or the "Company")(C NSX :CANA. CN ) (OTC:CNNXF) is pleased to announce that on January 27, 2021, the Companyentered into a long-term agreement for exclusive licensing ofCannAmerica Brand’s technology and intellectual property for use inCanada (the “Agreement”) with Leaf& Mark (the “Licensee”), a cannabisedibles manufacturer operating out of a Health Canada licensedfacility in Calgary, Alberta, in the (or - serving the) Canadianregulated market.
Terms of the Agreement include:
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- An initial 5-year term;
- An exclusivity fee for access to the Company’sproprietary technology and standard operating procedures andtechniques;
- Ongoing support for the Licensee;
- An ongoing lease of the Company’s proprietaryequipment, for the term of the Agreement;
- Grants the Licensee the opportunity to automaticallyrenew the lease at the end of term;
- A provision to increase the amount of technology forincreased lease payments at the Licensee’s request;
- Allows the Licensee the right to purchase proprietarysubstrate and ingredients from the Company;
- Grants the Licensee a six-month exclusivity optionfor use of the Company’s technology and intellectual property withinEurope, including the United Kingdom, which requires the Licensee toremit a deposit within 30 days of execution of an agreement in orderto exercise that right, and;
- A provision for the Company to provide the Licenseewith access to brands controlled by the Company upon request.
Mr. Dan Anglin, Chief Executive Officer and Founder ofCannAmerica Brand’s said: “The Company is pleased to execute thisagreement with Leaf & Mark to utilize our proprietary equipmentand expertise in making edible products and to create new products forthe Canadian cannabis consumer. The Company’s intent is to assistLeaf & Mark in their goal of introducing flavorful and high-demandedibles products into the Canadian cannabis marketplace by providingCannAmerica Brand’s proprietary confections using the highestquality ingredients. Leaf & Mark highly anticipate that theCanadian market will respond with excitement at the intense flavorofferings of these confections.”
Mr. Anglin continued: “The Company’s model sinceinception has been to license CannAmerica Brand’s high-demand topselling products to operators in multiple markets. The Directors ofthe Company determined that expanding the Company’s business modelto allow operators to utilize CannAmerica Brand’s proprietaryequipment, techniques and supply chains to manufacture their ownbranded products and allow these new operators the option to bringCannAmerica Brand’s products into their market as soon as they haveestablished a distribution network was beneficial to the Company’sstakeholders. This new business model creates yet another revenuestream for the Company that provides a more established generation ofrevenue through lease agreements, while expanding the Company’sbranded products into new markets.”
Mr. Matthew Philipchuck, Chief Executive Officer ofLeaf & Mark in Canada stated, “Having the backing of anexperienced partner whose founders have been in the legal andregulated cannabis industry since 2011, and who were instrumental inthe implementation of Amendment 64 to legalize recreational cannabisin Colorado in 2012 as well as the many years of legislation andrulemaking that followed, and who have manufactured and sold more than50 million gummies in Colorado, Nevada and Oklahoma to date, isproving to be incredibly beneficial for the development of Leaf &Mark’s first edibles manufacturing facility in Calgary, Alberta.”
Mr. Philipchuck continued: “Additionally, as a resultof Leaf & Mark’s Europe and United Kingdom expansion option withCannAmerica Brands, Leaf & Mark are already setting up a similarmanufacturing lab with Canna Union ,a “sister company” located in Geneva, Switzerland. Canna Unioncurrently has a manufacturing facility in the Czech Republic. Leaf& Mark believe that CannAmerica Brand’s unique manufacturingmethodology and intellectual property will provide Leaf & Markwith the technology and support needed to be the producer ofhigh-quality edibles in the Canadian, European and the United Kingdommarketplaces.”
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, Massachusetts and the Country ofCanada. The Company aims to maximize the value of its brands byemploying strong brand management teams, marketing and licensing thebrands through 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 hereinis made as of the date of this press release and is based on thebeliefs, estimates, expectations and opinions of management on thedate such forward-looking information is made. The Company undertakesno obligation 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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