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CannAmerica Comments on the State of Colorado Reaching $6 Billion in Cannabis Sales

VANCOUVER , Feb. 13, 2019 /CNW/ - Today Dan Anglin, Co-Founder and CEO of CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the "Company") (CANA.CN) (CNNXF), commented on the state of Colorado surpassing USD$6 billion in cannabis sale since January 1, 2014 that was announced by the Colorado Department of Revenue on Tuesday February 12, 2019 .

CannAmerica (CNW Group/CannAmerica Brands Corp.)

Commented Anglin, "The Company wishes to congratulate and recognize the state of Colorado for being a leader in cannabis liberalization and on passing this monumental sales milestone. CannAmerica Brands is proud to have contributed to this milestone, having sold over 14 million of its cannabis infused gummies in the state to date."

CannAmerica Brands has deep ties to Colorado as a company founded in the state, and Dan Anglin has been a high-profile leader in the cannabis sector having served on rule-making work groups for the Colorado Marijuana Enforcement Division on more than 10 occasions, as well as crafting legislation directly at the Colorado General Assembly for the good of Colorado and its regulated industry.

"CannAmerica Brands looks forward to opportunities to bring the success of CannAmerica Brands and cannabis liberalization that has been experienced in Colorado to new states in the future as well as continuing to focus on the Colorado marketplace, which is a proven leader in adult-use cannabis in the United States ," said Anglin.

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 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 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.

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 or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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 the Company's plan to enter into licensing agreements in states other than those the Company already operates in and additional states may legalize recreational cannabis 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 the Company will enter into licensing agreements in states other than those the Company already operates in or that additional US states will legalize recreational cannabis. 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, the Company will not be successful in entering into new licensing agreements in states other than those the Company already operates in and that recreational cannabis will not be legalized in additional US states. 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.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cision

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SOURCE CannAmerica Brands Corp.


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