Business
CannAmerica and Invictus Provide Update on Hemp and CBD Joint Venture
CannAmerica and Invictus Provide Update on Hemp and CBD Joint Venture.
About this update from Cannamerica Brands Corporation
[{"type":"text","content":"\n\n\n\nCannAmerica and Invictus Provide Update on Hemp and CBD Joint Venture\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\nCannAmerica and Invictus Provide Update on Hemp and CBD Joint Venture\nCanada NewsWire\nVANCOUVER, Jan. 28, 2019\n\n\n\nVANCOUVER, Jan. 28, 2019 /CNW/ - CANNAMERICA BRANDS CORP. (\"CANA\" or the \"Company\") (CSE: CANA) (OTCQB: CNNXF) is pleased to provide an update on its binding letter of intent to create a joint venture with Invictus MD Strategies Corp. (\"Invictus\") (TSXV: GENE; OTCQX: IVITF; FRA: 8IS1) and CBDistribution Company Ltd. (\"CBDC\") (collectively the \"Joint Venture\") that was previously announced on January 7, 2019 with the intention of acquiring hemp biomass for extraction into CBD isolate using purpose-built facilities for large scale CBD extraction. \n\n \n \n\n \nThe Company is pleased to announce that Invictus has received approval from its Board of Directors to enter into the Joint Venture with the Company and CBDC.  Once the transaction is closed the Joint Venture will mark the Company's entry into the CBD market in the United States.  \n\"This is another step towards building a long-term partnership with CannAmerica and CBDC to grow Invictus beyond Canada's borders and into the burgeoning CBD market in the US,\" said George E. Kveton, President and CEO of Invictus.  \n\"We continue to make great progress with our partners to achieve the goals of creating this Joint Venture and the Joint Venture's proposed acquisition of Z3 Sciences, LLC that was announced on January 16, 2019,\" said Dan Anglin, CEO and Co-Founder of CANA.\nFor more information, please visit www.cannamericabrands.com.\nOn Behalf of the Board,Dan AnglinCEO and Director(314) 495-4589\nAbout CannAmerica Brands Corp.\nCannAmerica 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 distr...