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GEA Technologies (CSE:JUJU.A) New Listing

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GEA will carry on business as International Cannabrands through its wholly owned Nevada subsidiary, International Cannabrands Ltd., and will propose a formal name change at its next annual meeting.

Additional Information:

Company: GEA Technologies
Website: http://www.jujuroyal.net
Stock Symbol: CSE: JUJU.A
Date Published: Sep 26, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GEA Technologies is the latest new listing on the Canadian Securities Exchange, and trades under the symbol “JUJU.A”.

The company previously traded on the TSX Venture Exchange under the symbol GEA.

GEA will carry on business as International Cannabrands through its wholly owned Nevada subsidiary, International Cannabrands Ltd., and will propose a formal name change at its next annual meeting.

International Cannabrands Ltd., previously DropLeaf LLC, has the exclusive rights to grant licenses to producers and processors to develop branded strains of cannabis, infused and edible cannabis consumables, as well as ancillary products such as clothing, paraphernalia, posters, and other products under the JuJu Royal Ultra Premium Cannabis brand.

JuJu Royal is a brand created for, and inspired by, Julian Marley, reggae musician and son of the world renowned Bob Marley.

The brand leverages the natural connection between the artist, Julian Marley, reggae music, and cannabis which the company believes will allow it to capture a significant share of the branded cannabis market.

The company recently closed a private placement for 11.9 million shares at $0.05, raising gross proceeds of $595,000.

Jeffrey Britz, Chairman & CEO, stated: “This offering brings our ability to expand on a national and international level to an accelerated position in the marketplace. As cannabis is now the fastest growing emerging industry around the world, operational capital is critical at this time to build a portfolio that will see successful growth. Advancement throughout the space through positive collaborations, partnerships and acquisitions will now be priority.”

Travis Belcher, President, added: “We are excited to be part of the Canadian Securities Exchange. It is an honor. Canada is a world leader for cannabis publicly traded companies.”

As consideration for the acquisition, GEA issued approximately 16.6 million common shares and 1.83 million preferred shares.

The preferred shares, which are convertible into approximately 183.6 million common shares, are subject to voting and conversion restrictions.

The transaction was structured to keep the foreign ownership under 50% until the company is ready to become a U.S. domestic issuer under U.S. securities laws.

Due to this change in business, GEA Technologies is in the process of disposing of its wireless technology assets.

The shares are trading at $0.25 and with 64.3 million common shares currently issued and outstanding, the company is capitalized at $16 million

For more information, please visit the company’s website www.jujuroyal.net, contact Jeffrey Britz, CEO, at 201-394-7882 or email jeffrey@jujuroyal.net.

Media relations is handled by Cynthia Salarizadeh, of Salar Media Group, who can be contacted at 856-425-6160 or email cynthia@salarmediagroup.com.

I’m Samantha Deutscher for Investmentpitch Media