CannAmerica Brands Corporation Appoints Chief Operating Officer

Diana Anglin Brings Decades of Regulatory Compliance Expertise to CannAmerica Management Team

VANCOUVER, November 12, 2019 – CannAmerica Brands Corp. (“CannAmerica” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that is has appointed cannabis regulatory compliance leader Diana Anglin as its new Chief Operating Officer. As the second in command of the Company, Anglin will now oversee ongoing operations of current partnerships, design action plans to align with the culture and vision of the Corporation, create strategic partnerships across the industry for brand awareness, and direct staff based on priorities and goals for growth.

Prior to joining the cannabis industry in 2014, Diana spent 20 years working in regulatory compliance in higher education for the Colorado School of Mines, the University of Colorado Denver, the University of Arizona, the University of Phoenix and Western Michigan University. Since 2014, she has been instrumental for cannabis policy development in Colorado, having served as Chair of the Compliance Council for the Colorado Cannabis Chamber of Commerce from 2014 – 2016, and COO of AmeriCanna, founded in 2015 and rebranded as CannAmerica in 2017.

“It is my honor to serve as the CannAmerica Brands Corp. Chief Operating Officer,” said Anglin. “I appreciate the Board for recognizing my dedication to the Corporation and its employees, stockholders, and clients.”

Before entering the cannabis space, Anglin worked in the higher education sector. Years of interpreting rules such as Title IV, NCAA (National Collegiate Athletic Association), and college accreditation standards prepared Anglin for her operational role in the heavily regulated cannabis industry.

“Diana has truly been the driving force of all the logistical complexities behind the transition from being a licensed operator in Colorado to a licensing company for operators across the nation, as well as the transition from a private to a public company.” said Dan Anglin, CEO of CannAmerica Brands. “Diana’s attention to detail, commitment to the consumer, and her dedication to the vision and mission of the company has been the key ingredient to bring our company to success,” continued Anglin. “I’m grateful to have such a talented team of professionals by my side as we expand into new marketplaces, and by adding Diana to our executive management team, we are poised for leading the industry into the future of legalized cannabis across the nation and the globe.”

For more information, please visit www.cannamericabrands.com.

About CannAmerica Brands Corp.
CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, Oklahoma, Maryland, 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.

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.

Investor Relations Contact:
1 (844) 484-3996

CannAmerica and Canna Provisions Enter Long-Term Licensing Agreement to Distribute Licensed Products in Massachusetts

VANCOUVER, Oct. 30, 2019 /PRNewswire/ – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that on October 28, 2019, it entered into a long-term licensing agreement (the “Agreement”) and brand partnership with Canna Provisions Inc. (“the Licensee”) under which the Licensee will have an exclusive license to manufacture and distribute CannAmerica branded cannabis infused gummy products and Live Labs branded concentrate products (the “Licensed Products”) in the Commonwealth of Massachusetts.

Terms of the Agreement include:

  • the initial term will be for a period of 3 years;
  • Canna Provisions Inc. will follow formulations and processes provided by the Company;
  • If Licensor wishes to grant a license to a third-party licensee with respect to the marketing, sale, and distribution of Licensed Products in New York, Connecticut, Vermont, New Hampshire, Maine, or Rhode Island, Canna Provisions Inc. has the right of first refusal;
  • during the first 180 days of the initial term, the licensee will employ one full-time salesperson in Massachusetts to promote, market, advertise, and sell the Licensed Products;
  • In addition to the fees contained in the agreement, a licensee fee of US$500,000 due to the Company in installments, payable as follows:
  • US$50,000 within two days after the mutual execution of the Agreement;
  • US$200,000 in installment payments (US$50,000 per month for a period of four months) with the first installment due two days after the Licensee obtains a license for its production facility from the Commonwealth of Massachusetts;
  • US$250,000 due 12 months after the Effective date of the Agreement
  • Upon receipt of the final cash payment of each specific installment, CANA will issue the Licensee US$250,000 of the Licensor’s common stock at a per share issue price equal to the closing price of CANA’s common stock on the day the Licensor receives final payment of each installment.
  • the Agreement may be terminated in certain circumstances, including:
  • applicable state or location regulatory authorities reject or cancel the Agreement, determine that the Agreement is illegal or impermissible, or determine that the Agreement would require the Company to be registered as an owner of the Licensee;
  • applicable federal authorities require the parties to cease performing under the Agreement or threaten enforcement against the parties in relation to the Agreement or to either party’s violation of federal law regarding cannabis;
  • upon 120 days’ written notice by either party to the other party; or
  • by either party within five days’ written notice to the other if the other party files a petition of bankruptcy or is adjudicated bankrupt.

“We are thrilled to announce our agreement with Canna Provisions Inc. for manufacturing and distribution of CannAmerica branded edibles products in the great State of Massachusetts,” said Dan Anglin, CEO and Co-Founder of CannAmerica. “Having the opportunity to work in concert with a knowledgeable team and operation that continues to expand its footprint across the state is an exciting beginning to the final quarter of 2019.”

“By signing this Agreement, CannAmerica is poised to bring its lineup of products into a growing cannabis market and spread our brand into the Northeastern United States,” said Anglin. “Partnering with a group that shares our vision will allows us to continue to achieve the organizational success we had envisioned for the year.”

For more information, please visit www.cannamericabrands.com.

On Behalf of the Board,
Dan Anglin
CEO and Director
1(844) 484-3996

About CannAmerica Brands Corp.

CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, Oklahoma, Maryland 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.

About Canna Provisions Inc.

Canna Provisions is the next generation of cannabis dispensary focusing on a unique and thoughtful customer experience. We are here to guide you and towards the right provisions to fit your lifestyle and provide knowledgeable support every step of the way. Founded by established industry pioneers with extensive cultivation, regulation and consumer sales experience, Canna Provisions stores provide a broad range of top-grade craft cannabis products that are locally sourced and thoughtfully produced. Life is a journey. No matter the path, trust Canna Provisions to better your journey. To learn more, visit CannaProvisionsGroup.com. Join us on Facebook and Twitter.

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.

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that CannAmerica branded products are expected to be available in Massachusetts in the coming months, that such products are anticipated to increase the quality and variety of products available to the Massachusetts medical cannabis patient community, that Canna Provisions, Inc. will manufacture and distribute CannAmerica branded products in Massachusetts, are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that CannAmerica branded products will be available in Massachusetts in the coming months, that such products will increase the quality and variety of products available to the Massachusetts medical cannabis patient community, the ability of Canna Provisions Inc. to manufacture and distribute CannAmerica branded products in Massachusetts. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that CannAmerica branded products will not be available in Massachusetts in the coming months, that such products will not increase the quality and variety of products available to the Massachusetts medical cannabis patient community, the inability of Canna Provisions Inc. to manufacture and distribute CannAmerica branded products in Massachusetts, if at all. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

CANNAMERICA ANNOUNCES INCREASE IN UNITS SOLD IN NEVADA

VANCOUVER, October 22, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce a substantial month over month increase in units sold in the Nevada market.

Compared to August 2019, the number of units sold in September 2019 of its 10-piece and 3-piece gummy bags increased by 84% (6,369 units sold to 11,719). These figures speak to the increase in demand and popularity of the CannAmerica Gummy product lines in the Nevada marketplace.

“The Company is confident that the response to the new flavor and packaging of our unique gummy edibles will continue to create strong and positive growth of the brand and sales of the product line throughout the state of Nevada,” said Dan Anglin, CEO and Co-Founder of CannAmerica.

Additionally, the Company is utilizing new technologies to mark the edible products in accordance with state requirements in Nevada. The new equipment was placed into the facility in Nevada last month to assist the licensee with the increase in demand without increasing labor costs. Production capacity was increased by 500,000 pieces per month with this new technology, and the Company is reviewing the needs of other licensed markets for implementation in those states.

“Our team continues to find ways to improve efficiency for our partners across the nation, and our focus is maintaining quality, consistency, and compliance while improving our process to meet the growing demand of our products by cannabis consumers across the United States,” said Anglin. “The Company has set goals for expansion into every legal cannabis marketplace in the world and overcoming the challenges of production requirements is our top priority for entering new marketplaces.”

For more information, please visit www.cannamericabrands.com.

On Behalf of the Board,
Dan Anglin
CEO and Director
(314) 495-4589

Media Contact
CannAmerica Media Department
info@cannamericabrands.com

About CannAmerica Brands Corp.

CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada, Oklahoma, Maryland, 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.

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.

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that Nevada sales are expected to increase are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that Nevada sales are expected to increase. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that sales in Nevada do not increase. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States, or to or for the account or benefit of a U.S. person, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

CannAmerica to Present at Cannabis Strategies North America on October 2 and Canaccord Genuity US Cannabis Symposium on October 3

TORONTO, Sept. 27, 2019 — CannAmerica Brands Corp. (CSE: CANA) (OTCQB: CNNXF), a leading cannabis company that offers licensed branding, IP and packaging solutions for manufacturing and distribution of CannAmerica products, today announced that Dan Anglin, Co-Founder and CEO, will present at two prestigious cannabis events in Toronto.

Mr. Anglin will present “Building a Global Brand” at Cannabis Strategies North America on Wednesday, October 2 at 3:45 p.m. ET and at the Canaccord Genuity US Cannabis Symposium on Thursday, October 3 at 8:30 a.m. ET.

“I am thrilled to represent the successful Colorado cannabis market on stage at two Toronto cannabis-focused events and look forward to increasing CannAmerica Brands presence on the public Canadian exchanges,” said Dan Anglin.

Future Cannabis Strategies North America brings together strategic business leaders from across the wider North American Consumer-Facing Cannabis products categories. including CBD/Cannabis Products and Devices, Beverages, Tobacco, Cosmetics and Nutraceuticals, together with solution providers for two days of insight.

The Canaccord Genuity US Cannabis Symposium is a one-day event that will feature company presentations and one-on-one meetings with senior management teams representing every facet of the U.S. cannabis industry, including multi-state operators, technology providers, brand owners, hemp producers, oil extractor and ancillary products businesses.

About CannAmerica Brands Corp.
CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland. 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.

On Behalf of the Board:
Dan Anglin, CEO and Director
(314) 495-4589

Media Contact:
Sarah Thorson
Grasslands: A Journalism-Minded Agency
sarah@mygrasslands.com
(609) 234-8531

CannAmerica Announces Annual General Meeting Results

VANCOUVER, September 25, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica Brands” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that the nominees set forth in the Company’s management proxy circular dated August 26, 2019, Dan Anglin, Frank Falconer, Nitin Kaushal, Jordan Crockett and Patrick Gray were elected as directors of the Company at the Annual General Meeting of shareholders held today in Vancouver, B.C. (the “Meeting”). At the Meeting the shareholders also approved the appointment of Manning, Elliott, LLP, Chartered Professional Accountants as the auditors of the Company and authorized the Company’s board of directors to fix the auditors remuneration. The shareholders also ratified and approved the Company’s 15% rolling Stock Option Plan.

Following the Meeting, Dan Anglin was appointed President and Chief Executive Officer, Frank Falconer was appointed Chief Commercial Officer, Nitin Kaushal was appointed Chairman of the Board, Paul Ciullo was appointed Chief Financial Officer and Kathy Love was appointed Corporate Secretary.

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.

On Behalf of the Board,
Dan Anglin
CEO and Director
(314) 495-4589

Media Contact
Sarah Thorson
Grasslands: A Journalism-Minded Agency
Sarah@mygrasslands.com
(609) 234-8531

About CannAmerica Brands Corp.

CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland. 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.

CANNAMERICA EXPANDS INTO THE COLORADO MEDICAL MARKET AND OKLAHOMA PLACES ITS FIRST ORDER

VANCOUVER, September 10, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that its licensee in in Colorado, Winkanda, LLC., has placed an order for medical packaging. This signals the Company’s entrance into a new market and continued expansion of the relationship CannAmerica and Winkanda.

“We are excited to announce that CannAmerica branded products are on schedule to enter the medical marketplace in the state of Colorado in October,” said Dan Anglin, CEO and Co-Founder of CannAmerica.  “By unveiling our medical packaging, we are ready to expose our brand to an entirely new customer base and create even greater awareness of our product lines.”  

Additionally, in its first order under the terms of the supply agreement announced on July 3, 2019, THC Total Herbal Care Corporation has ordered 15,000 10-piece bags from the Company for cannabis-product fulfillment in Oklahoma available across dispensaries throughout the state in November.

For more information, please visit www.cannamericabrands.com.

On Behalf of the Board,

On Behalf of the Board,
Dan Anglin
CEO and Director
(314) 495-4589

Media Contact
Sarah Thorson
Grasslands: A Journalism-Minded Agency
Sarah@mygrasslands.com
(609) 234-8531

About CannAmerica Brands Corp.

CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland. 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.

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that 15,000 units is anticipated to be shipped by the Company to Total Herbal Care Corporation by November 2019 and that the Company’s products are expect to be sold in Oklahoma pursuant to the Company’s agreement with THC are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that 15,000 units will be shipped by the Company to Total Herbal Care Corporation by November 2019 and that the Company’s products will be sold in Oklahoma pursuant to the Company’s agreement with THC. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that 15,000 units will not be shipped by the Company to Total Herbal Care Corporation by November  2019, or at all and that the Company’s products will not be sold in Oklahoma despite the Company’s agreement with THC. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States, or to or for the account or benefit of a U.S. person, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

CANNAMERICA PROVIDES UPDATE ON OPERATIONS IN OKLAHOMA WITH TOTAL HERBAL CARE CORPORATION

VANCOUVER, September 4, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that its Licensee in Oklahoma, THC Total Herbal Care Corporation (“THC” or the “Licensee”), has received final approval on construction of its processing facility. With an expected completion date of its facility of September 7, 2019, the Company anticipates sales commencing in this market in October 2019.

The Company has shipped to THC the equipment needed to begin production and has scheduled operational training sessions to teach its formulations and best practices prior to the launch of its products in this new market. Both CannAmerica and THC are pleased to launch the brand in this region and have begun preparations on a marketing campaign to create additional product awareness.

“We are excited to announce that we expect CannAmerica branded products to be available in the Oklahoma medical cannabis market in October,” said Dan Anglin, CEO and Co-Founder of CannAmerica.  “By launching our products, we are ready to bring our menu of cannabis infused edible products, concentrates, and other medicinal cannabis product lines to this great state of with opportunities further expansion over time.”

Additionally, the Company is pleased to announce that it has closed an investment of CAD $663,350 pursuant to a non-brokered private placement (“Private Placement”) of unsecured convertible debentures (the “Debentures”) with SBI Investments LLC (“SBI”). SBI has committed to providing up to an aggregate principal amount of CAD $2,000,000, at the sole discretion of SBI. Interest on the Debentures will accrue at a rate of 12% per annum, however, if an event of default has occurred and is continuing, the rate of interest will be 25% per annum (“Interest”). 

The Company is required to repay the Debentures in 12 equal monthly installments of 1/12 of the principal amount plus accrued Interest (collectively, the “Repayment Amount”) beginning four months plus one day after the date of issuance of the Debentures.

Subject to applicable corporate and regulatory approval, if the Company’s average daily trading volume of its shares has an aggregate value of greater than $35,000 per day for 10 consecutive trading days, the Company may provide 10 business days’ written notice to SBI of its intention to repay the Debentures through the issuance of such number of common shares (the “Repayment Shares”) equal to the Repayment Amount divided by 85% of the volume-weighted average price of the shares for the 5 consecutive trading days before each monthly payment date, but in any event the Repayment Shares may not be issued at a price per share less than $0.10.

In connection with the subscription for Debentures, the Company agreed to issue SBI such number of warrants (“Warrants”) equal to 50% of the principal amount of the applicable tranche divided by the closing price of the common shares on the trading day immediately prior to the closing date of the applicable tranche. Each Warrant will be exercisable for 36 months from the date of issuance to purchase one common share at a price equal to 125% of the volume-weighted average price of the shares for the 20 consecutive trading days prior to the date of issuance.

The use of funds will be to expediate equipment delivery in new markets and purchases intended to introduce new branded products into existing markets.

All securities issued in connection with the Private Placement will be subject to a four-month hold period from the date of closing of the applicable tranche of the Private Placement under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

No finder’s fees, broker’s fees and/or commissions will be paid in connection with the Private Placement.

For more information, please visit www.cannamericabrands.com.

On Behalf of the Board,
Dan Anglin
CEO and Director
(314) 495-4589

Media Contact
Sarah Thorson
Grasslands: A Journalism-Minded Agency
Sarah@mygrasslands.com
(609) 234-8531

About CannAmerica Brands Corp.

CannAmerica is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland. 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.

About THC Total Herbal Care Corp.

THC Total Herbal Care (THC) is licensed to cultivate, process, and dispense cannabis in Oklahoma. THC provides “cannabis goodness” products to help patients improve their quality of life. THC aims to deliver only the finest premium cannabis solutions and medicine. THC believes that wisdom gained from all-natural solutions should not be forgotten or ignored, and aims to provide such proven solutions with industry-leading quality and trust. For more information, please visit www.totalherbalcarethc.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.

Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that CannAmerica expects to close the Private Placement on the terms and timeline anticipated by management is a forward-looking statement and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that CannAmerica will close additional tranches of the Private Placement on the terms and timeline anticipated by management. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that CannAmerica may not close additional tranches of the Private Placement on the terms and timeline anticipated by management. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold within the United States, or to or for the account or benefit of a U.S. person, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Cannamerica Extends LOI to Distribute Licensed Products in Massachusetts

VANCOUVER, BC – TheNewswire – August 19, 2019 – CANNAMERICA BRANDS CORP. (“CANA” or the “Company”) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce that is has entered into an extension agreement in respect of the previously announced non-binding letter of intent (“LOI”) dated June 20, 2019 with Canna Provisions Inc. (“the Licensee”) under which the Licensee will have an exclusive license to manufacture and distribute CannAmerica branded cannabis infused gummy products and disposable vape pens, and Live Labs branded cannabis concentrate products, including droppers, shatter and wax concentrate products, and gelatin based capsules (the “Licensed Products”) in the Commonwealth of Massachusetts.

Live Labs is a brand created by the founders of CannAmerica, wholly owned by the Company, and is being introduced in the Northeastern United States recreational cannabis marketplace. The term of the LOI has been extended to September 15, 2019.

“Canna Provisions is extremely excited that we are working towards a definitive agreement with CannAmerica Brands with the beneficial goal of distributing their products in Massachusetts” said Erik Williams, COO of Canna Provisions Inc. “Canna Provisions opened our first dispensary in Lee, Massachusetts last month and our plan is to open a second and third dispensary in the state by year-end. We are also actively in the process of building a cultivation and manufacturing facility to help streamline our operation and bring CannAmerica products to Massachusetts consumers. To date, demand for gummies at our dispensary in Lee has been exceptionally strong, and we are confident that our partnership with CannAmerica will be a huge success and only add output performance.”

Subject to Board approval from the Company and completion of satisfactory due diligence, the parties intend to enter into a Definitive Agreement on or before September 15, 2019.

For more information, please visitwww.cannamericabrands.com.

On Behalf of the Board,

Dan Anglin

CEO and Director

(314) 495-4589

Media Contact

Sarah Thorson

Grasslands: A Journalism-Minded Agency

Sarah@mygrasslands.com

(609) 234-8531

About CannAmerica Brands Corp.

CannAmerica Brands is a U.S. marine veteran founded and operated portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland. 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.

About Canna Provisions Inc.

Canna Provisions is the next generation of cannabis dispensary focusing on a unique and thoughtful customer experience. We are here to guide you and towards the right provisions to fit your lifestyle and provide knowledgeable support every step of the way. Founded by established industry pioneers with extensive cultivation, regulation and consumer sales experience, Canna Provisions stores provide a broad range of top-grade craft cannabis products that are locally sourced and thoughtfully produced. Life is a journey. No matter the path, trust Canna Provisions to better your journey. To learn more, visit CannaProvisionsGroup.com. Join us on Facebook, Instagram and Twitter.