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CannAmerica Brands Corp. (CSE:CANA) New Listing

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The company owns a portfolio of brands in the Medical Cannabis and Recreational Cannabis space with licensees in the States of Colorado, Nevada and Maryland.

Additional Information:

Company: CannAmerica Brands Corp.
Website: http://www.CannAmericaBrands.com
Stock Symbol: CSE: CANA
Date Published: Oct 15, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

CannAmerica Brands Corp. is one of the latest new listing on the Canadian Securities Exchange, trading under the symbol “CANA”.

The company owns a portfolio of brands in the Medical Cannabis and Recreational Cannabis space with licensees in the States of Colorado, Nevada and Maryland.

It currently owns two brands, CannAmerica and AmeriCanna which are licensed to manufacturers and wholesale licensees.

The company generates revenue through license agreements whereby licensees are granted rights to utilize the brand names and related intellectual property.

Revenue from these licensing agreements is generated through licensee purchases of branded packaging and uninfused product ingredients from the company.

The company's flagship edible gummy brand, CannAmerica, is currently sold in U.S. dispensaries with over 12 million state approved gummies sold in the Colorado market alone, since launching in 2016.

The company is also targeting the acquisition of other well established and/or new consumer cannabis brands with high potential for growth and strong brand awareness in exchange for a royalty on gross sales.

These efforts will be a catalyst in the company's growth strategy and will diversify revenue streams.

The company is currently building a brand acquisition pipeline and has the opportunity to acquire the PODA brand, a leading vaporizer and dry herb pod.

Dan Anglin, Co-Founder and CEO, stated: "CannAmerica is excited to achieve this milestone as we work toward expanding our brands into new markets in the U.S. cannabis sector, and beyond. Today's announcement is a significant landmark for CannAmerica and the direct prospectus listing provides investors with access to a new player in this emerging industry. We have multi-state licenses who benefit from a recognized brand, as well as the proprietary formulas, recipes, intellectual property, ingredients, packaging solutions, and trade secrets for creating premium cannabis products."

The company recently closed a non-brokered private placement, raising gross proceeds of approximately $3.9 million from the placement of approximately 13.2 million shares priced at $0.30 per share.

The shares are currently trading at $0.98.

For more information, please visit the company’s website at www.CannAmericaBrands.com, contact Dan Anglin, CEO, at 720-648-4044 or email dan@americannaco.com.

I’m Samantha Deutscher for Investmentpitch Media