VANCOUVER, BC – TheNewswire – July 25, 2019 – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce the following operational updates.
In order to assist in fulfilling the demand for the Company’s branded products across the state of Nevada, shipment of Flower One Holdings Inc. (“Flower One”) (CSE: FONE) (OTCQB: FLOOF) second order of 60,000 units has begun with an anticipated arrival of all packaging by the end of the week. The Company is also assisting Flower One with the deployment of new equipment to help speed up request processing and provide consumers with quicker access to our high-quality edibles.
“CannAmerica is committed to making the investments necessary to properly scale its operations in all of our existing markets, “said Dan Anglin, CEO and Co-Founder of CannAmerica. “Working in parallel with a partner like Flower One will only serve to expediate the development of a robust production infrastructure to better serve the Nevada market.”
On July 3, 2019, the Company announced that it had entered into a long-term licensing agreement and brand partnership with THC Total Herbal Care Corporation (“THC“) under which THC has an exclusive license to manufacture and distribute CannAmerica branded cannabis infused gummy products, disposable vape pens, distillate droppers and shatter and wax concentrate product in Oklahoma.
In line with the terms of this agreement, the Company has begun ordering the equipment needed to begin operations and in Oklahoma, along with scheduling training sessions to teach its formulations and best practices prior to the launch of its products in this new market.
Additionally, the Company has received an order of its redesigned packaging and new flavor profile for its gummies to its licensee in Colorado, Winkanda, LLC. This order of 15,000 units for sale in local dispensaries is anticipated to be shipped in early August.
“We are pleased with the sustained orders from our existing licensees and are excited by the prospects of continued growth in the months ahead with our branded products slated to be available in the Oklahoma medical cannabis market,” said Dan Anglin, CEO and Co-Founder of CannAmerica. “In addition to breaking new ground in the southern United States, our sales team is committed to expanding the reach of our products both domestically and internationally.”
Further to its press release dated February 15, 2019, the Company announces the expiration of its previously announced letter of intent with Winchester MD Limited.
For more information, please visitwww.cannamericabrands.com.
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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.