VANCOUVER, BC / TheNewswire / January 21, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica Brands” or the “Company”) (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that Mr. Patrick Gray has been appointed to its Board of Directors. Mr. Gray fills a vacancy created by the resignation of Mr. Russell Henderson from the CannAmerica Brands Board effective January 21, 2019. The Board’s current chair, Nitin Kaushal, will assume Mr. Henderson’s role as audit committee chair.
Mr. Gray is the founder and owner of sCube Inc. a niche IT Service provider that focuses on E-Discovery, E-Licensing, Application Development and IOT and has been awarded Best Places to Work by the Business Review. The first start-up he was involved in was sold to Xerox for $220 million dollars and he stayed on to become the youngest executive in Xerox history.
Patrick has started multiple successful companies and raised millions of dollars from private investors. He is a serial entrepreneur and started several companies, including a commercial real estate technology company and a sports gaming company. One of his start-ups sponsored a nationally televised race, the Indy 225 at the New Hampshire Motor Speedway, which was televised on NBC. Mr. Gray has been recognized with two of his companies on his Alma Maters wall of success. He is also a recipient of the Business Reviews “40 under 40.” Mr. Gray obtained a bachelor’s degree in computer science and a minor in business from Siena College in New York.
“We welcome Mr. Gray to the Board of Directors and look forward to working with him as we continue to grow CannAmerica Brands internationally,” said Dan Anglin, CEO and Co-Founder of CannAmerica Brands. “Additionally, the CannAmerica Brands Board and management would like to express our thanks to Mr. Henderson for his service and wish him well.”
In conjunction with the Board appointment the Company has also granted an aggregate of 950,000 incentive stock options to purchase common shares to certain directors, and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of $0.60 per share, the closing price of the Company’s first tranche of its brokered private placement announced on January 10, 2019.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. 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 any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
For more information, please visit www.cannamericabrands.com
On Behalf of the Board,
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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.
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.