(TheNewswire)
VANCOUVER – TheNewswire - January 26, 2021 – CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the"Company") (CSE:CANA) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce that onJanuary 22, 2021, the Company signed a contract with ChamplinBroadcasting (“ Champlin ”) for premier sponsorship toparticipate in its inaugural event, The Okie Cup, which includes anunlimited number of radio advertising, internet advertising, and printmedia across Champlin’s network of eleven radio stations inOklahoma.
The sponsorship includes all the standard marketingpromotions for a competition cannabis event and includesover-the-airwaves radio spots beginning February 15, 2021 through thecommencement of the events on May 1, 2021. Thisbroad advertisement range allows the Company to be featured inpromotional marketing on all eleven of Champlin’s radio stations fora total of 99 days. These marketing pieces are a first-of-its-kindpromotion, directed to millions of Oklahoma radio listeners acrossmultiple platforms that will feature CannAmerica Brands promotion inevery radio and internet ad for the Okie Cup in the Oklahomamarket.
Dan Anglin, CEO and founder of CannAmerica Brands said:“The Company continues to see increased demand of its brandedCannAmerica product lines in Oklahoma and this year is the perfectopportunity for a statewide marketing campaign to increase theOklahoma consumers awareness of the Company’s brands. Managementcould not be more excited to sponsor this new event and promote theCompany’s amazing products to the entire state of Oklahoma duringthe radio and internet campaign leading up to the Okie Cup. As theOkie Cup’s first premier sponsor, the Company has an opportunity togenerate excitement not only for the event but also to createthousands of opportunities for Oklahomans to learn about our productsand be inspired to try them.”
Anglin continued: “Through our sponsorship of theOkie Cup, we intend to meaningfully connect with patients acrossOklahoma and help them discover our brand and our continued commitmentto their freedom to choose cannabis as their medicine. Our vision isto build on the momentum of recent legalization through ballotmeasures in four more states to help convince Congress and the BidenAdministration to live up to its promise to permit more Americans tohave access to cannabis.”
Additionally, the Company announces that it has enteredinto a debt settlement agreement (the “ SettlementAgreement ”) with one of its Creditors(the “ Creditor ”) to settle anaggregate of C$221,650 in debt (the “ Debt ”) for services provided by the Creditor to the Company(the “ Services ”).
In the settlement and satisfaction of the Debt inconnection with the Services, the Company has agreed to issue to theCreditor an aggregate of 4,715,957 common shares in the capital of theCompany (the “ Debt Shares ”) at a deemedissue price of $0.047 per Debt Share (the “ DebtSettlement ”). The issuance of the DebtShares is subject to the CSE’s final approval.
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 Countryof Canada. 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 UnitedStates and internationally. The Company's core strategy is to enhanceand monetize 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.
Copyright (c) 2021 TheNewswire - All rights reserved.