Become A Featured Company

CannAmerica and Total Herbal Care Corporation Enter Long-Term Licensing Agreement to Distribute Licensed Products in Oklahoma

Ryan Allway

July 4th, 2019

News

VANCOUVER , July 3, 2019 /CNW/ – CANNAMERICA BRANDS CORP. (“CannAmerica” or the “Company”) (CANA.CN) (CNNXF) is pleased to announce that on June 28, 2019 , it entered into a long-term licensing agreement (the “Agreement”) and brand partnership with THC Total Herbal Care Corporation (“THC” or the “Licensee”) under which THC will have an exclusive license to manufacture and distribute CannAmerica branded cannabis infused gummy products, disposable vape pens, distillate droppers and shatter and wax concentrate product (the “Licensed Products”) in Oklahoma .

CannAmerica Brands Corp. (CNW Group/CannAmerica Brands Corp.)

Terms of the Agreement include:

  • the initial term will be for a period of 5 years;
  • the Licensee will purchase all un-infused consumable ingredients, packaging supplies, and branded hardware exclusively from the Company;
  • THC will follow formulations and processes provided by the Company;
  • during the first 180 days of the initial term, THC will employ two full-time salespeople in Oklahoma to promote, market, advertise, and sell the Licensed Products; and
  • the Agreement may be terminated in certain circumstances, including:

“We are pleased to announce that we expect CannAmerica branded products to be available in the Oklahoma medical cannabis market in the coming months,” said Dan Anglin, CEO and Co-Founder of CannAmerica.  “By signing this Agreement, CannAmerica will be poised to bring its menu of cannabis infused edible products, concentrates, and other medicinal cannabis product lines to the great state of Oklahoma . We have long been ready to bring our product lines to patients in the southern United States and are proud to be working with THC and their extraordinary management team. We anticipate that our expertise and quality products, combined with THC management, will increase the quality and variety of products available to the Oklahoma medical cannabis patient community.”

The Agreement aligns with the Company’s established goals to expand into additional markets in the United States during 2019.

“We are very proud to be a part of the CannAmerica team so we may provide their edibles and other highly-rated products to our patients in Oklahoma ,” said Loretta Lever , CEO and President of THC.

Additionally, the Company is pleased to announce that it has entered into an extension agreement in respect of the previously announced binding letter of intent (“LOI”) dated March 8, 2019 to create a joint venture (“JV”) with Sericea Labs S.A. de C.V. and CBDistribution Company Ltd. with the intention of building a facility in Mexico for importing and warehousing licensed CBD products as well as CBD oils and tinctures destined for refining. The term of the LOI has been extended to January 1, 2020 .

“The Company has learned that the Government of Mexico is making strides in the effort to legalize hemp-based products for manufacturing and distribution across Mexico ,” said Dan Anglin, CEO and Co-Founder of CannAmerica. “We understand that the legislative process to create a new industry sometimes takes more time than expected, and have decided to extend the LOI through to the end of the year to allow more time for legalization to pass through the legislative bodies. We look forward to executing the agreement upon successful passage of legislation to legalize hemp and cannabinoid products in Mexico .”

For more information, please visit www.cannamericabrands.com.

On Behalf of the Board,
Dan Anglin
CEO and Director
(314) 495-4589

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.

About THC Total Herbal Care Corp.

THC Total Herbal Care (THC) is licensed to cultivate, process, and dispense cannabis in Oklahoma . THC provides “cannabis goodness” products to help patients improve their quality of life. THC aims to deliver only the finest premium cannabis solutions and medicine. THC believes that wisdom gained from all-natural solutions should not be forgotten or ignored, and aims to provide such proven solutions with industry-leading quality and trust. For more information, please visit www.totalherbalcarethc.com

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.

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. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including that CannAmerica branded products are expected to be available in Oklahoma in the coming months, that such products are anticipated to increase the quality and variety of products available to the Oklahoma medical cannabis patient community, that THC will manufacture and distribute CannAmerica branded products in Oklahoma , the anticipated legalization of hemp and cannabinoid products in Mexico , the intention of the Company and the other JV parties to build a facility in Mexico for importing and warehousing CBD products, and the intention of the Company to enter into a definitive agreement with the JV parties by the anticipated deadline, if at all, 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, including that CannAmerica branded products will be available in Oklahoma in the coming months, that such products will increase the quality and variety of products available to the Oklahoma medical cannabis patient community, the ability of THC to manufacture and distribute CannAmerica branded products in Oklahoma , that hemp and cannabinoid products will be legalized in Mexico , the ability of the Company and the other JV parties to build a facility in Mexico for importing and warehousing CBD products, and the ability of the Company and the JV parties to enter into a definitive agreement by the anticipated deadline, if at all. 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. Important factors that may cause actual results to vary, include, without limitation, that CannAmerica branded products will not be available in Oklahoma in the coming months, that such products will not increase the quality and variety of products available to the Oklahoma medical cannabis patient community, the inability of THC to manufacture and distribute CannAmerica branded products in Oklahoma , that hemp and cannabinoid products will not be legalized in Mexico , the inability of the Company and the other JV parties to build a facility in Mexico for importing and warehousing CBD products, and the inability of the Company and the JV parties to enter into a definitive agreement by the anticipated deadline, if at all. 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.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading