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CannaOne Technologies Enters into a Memorandum of Understanding with LevelOut UK Limited for CBD Marketplace in UK
CannaOne Technologies Enters into a Memorandum of Understanding with LevelOut UK Limited for CBD Marketplace in UK.
About this update from Cann American Corp.
[{"type":"text","content":"\n\n\n\nCannaOne Technologies Enters into a Memorandum of Understanding with LevelOut UK Limited for CBD Marketplace in UK\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCannaOne Technologies Enters into a Memorandum of Understanding with LevelOut UK Limited for CBD Marketplace in UK\nCanada NewsWire\nVANCOUVER, Sept. 25, 2019\n\n\n\nVANCOUVER, Sept. 25, 2019 /CNW/ - CannaOne Technologies Inc. (CSE: CNNA); (OTC : CNONF); and (Frankfurt: 3CT) (\"CannaOne\" or the \"Company\"), a leading cannabis e-commerce technology company, is pleased to announce that it has entered into a Memorandum of Understanding (\"MOU\") with LevelOut UK (LO) on September 16, 2019. LevelOut UK Ltd., will act as the majority equity partner in a joint venture corporation (JV), being established between LO and CannaOne to service the UK market. CannaOne will contribute to the JV exclusivity to their proprietary software for the UK market, while further providing its industry knowledge, digital marketing expertise and  access to its existing American CBD brand supply chain for sale on LO. LevelOut UK Ltd. will provide between £150,000.00 to £200,000.00 in initial start-up capital to the JV. \n\n \n \n\n \nCannaOne Technologies CEO, Mr. Riby-Williams, commented \"LevelOut UK has a strong sense of the direction and trend of the CBD Market in the UK. The progression towards the consummation and launch of this JV could not be timelier, as UK and European consumers are ever keener to source and utilize CBD Products. As part of the JV operation it is our intent to open up the breadth of our US BWell marketplace supply chain to the UK market and thus introduce popular US products on the other side of the pond. This soon to be realized JV is a testament to our goal to be omnipresent in markets all over the world. This is one more pin on the map for us, as we continue in discussions and negotiations with other groups for the establishment of CBD marketplaces in additional lawful domestic and international geographic locales.\"\nRiby-Williams added \"Last week Shopify's announcement on...