VANCOUVER, Dec. 27, 2018 /CNW/ - CANNAMERICA BRANDS CORP. ("CannAmerica" or the "Company") (CSE: CANA) (OTCQB: CNNXF) is pleased to announce that its common shares have commenced trading on the OTCQB® Venture Market in the United States under the symbol "CNNXF" on December 27, 2018.
"Trading on the OTCQB® is an important milestone for CannAmerica. This allows CannAmerica to have greater visibility and access to U.S investors," said Anglin, CannAmerica Co-Founder and CEO. "We look forward to sharing our story with investors in the U.S. and across the globe as we realize our vision of driving sustainable long-term shareholder value through a diversified brand portfolio and multifaceted distribution strategy."
The OTCQB® is for early-stage and developing U.S. and international companies. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process. The OTCQB® quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
Investors will now have access to more transparent pricing information and efficient trading through the availability of premium Real-Time Level 2 quotes. Through trading on the OTCQB® companies can engage a far greater network of U.S. investors, data distributors and media partners.
CannAmerica will continue to trade on the Canadian Securities Exchange ("CSE") under its existing symbol "CANA".
On Behalf of the Board, Dan Anglin CEO and Director (314) 495-4589
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.
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 or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements in this news release, other than statements of historical facts, 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. 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. 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.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE CannAmerica Brands Corp.
For further information: Media Contact: Kim Ring, Grasslands: A Journalism-Minded Agency, [email protected], (314) 495-4589