CannAmerica a cannabis branding, licensing and intellectual property company with a portfolio of premium cannabis brands in the United States, will begin trading today on the Canadian Securities Exchange (“CSE”) under the symbol “CANA“.
“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,” said Dan Anglin, CannAmerica Co-Founder and CEO. “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.”
CannAmerica has brand licensing agreements in the states of Colorado, Nevada and Maryland, and plans to expand to additional U.S. states and internationally, as regulations permit.
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.
CannAmerica has successfully raised approximately $5.4 million to date via non-brokered private placements, and plans to expand its existing brand portfolio via new license agreements in several new and important U.S. states, including California, in the next six months. 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.
CannAmerica aims to continually build upon and add value to its brands through license agreements and partners that are responsible for manufacturing and distributing the licensed products. The CannAmerica brands are licensed for the cannabis space and licensees are selected based on their ability to cultivate, manufacture, produce and sell premium quality products in their respective licensed categories and territories.