PR Newswire
SACRAMENTO, Calif., June 4, 2018
SACRAMENTO, Calif., June 4, 2018 /PRNewswire/ -- Smart Cannabis Corp. (OTC: SCNA) announced that they have retired one billion common stock shares this week. The decision was made in a Board Meeting and included both a Board Resolution and Treasury Order. All matters were agreed upon by voting members.
"Reducing the number of outstanding shares is a fair and practical decision made in the interest of all shareholders. As we build this company, we want all stakeholders to know we act with integrity and are bullish about our future. This is an example of that intention," stated John Taylor, President and CEO.
Smart Cannabis (OTC PINK: SCNA) is a public equity corporation advancing the agriculture and cannabis industries and growing through acquisition, strategic alliances, and proprietary intellectual property. The company's wholly owned subsidiary, Next Generation Farming Inc., provides turnkey, automated, commercial greenhouses systems that efficiently improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company websites are http://smartcannabis.com https://sapinvestments.com https://smartcannabis.com/nextgenfarming
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. The company may make forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates that reflect the company's best judgment based upon current information. All investments involve risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
Contact:
Smart Cannabis Corp.
Don Smith, Vice President
don@smartcannabis.com
(424) 732-7646
View original content with multimedia:http://www.prnewswire.com/news-releases/smart-cannabis-corp-retires-one-billion-shares-of-common-stock-300658774.html
SOURCE Smart Cannabis Corp.