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Additionally, the Company proposes to issue 5,000,000 Common Shares to certain directors, officers, employees and consultants of the Company at a deemed price of
The issuance of the Common Shares as set out in the above transactions are subject to the prior approval of the Canadian Securities Exchange. All Common Shares issued in connection with the Settlement Agreement and Shares for Services will be subject to a four month hold period under applicable Canadian securities laws.
For a more complete business and financial profile of the Company, please view the Company's website atwww.cannamericabrands.comanddocuments posted under the Company’s profile onwww.sedar.com.
For further information please contact the Company at info@cannamericabrands.com.
On Behalf of the Board,
CEO and Director
www.cannamericaco.com
www.cannamericabrands.com
1(844) 484-3996
About
CannAmerica is a
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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Copyright (c) 2021 TheNewswire - All rights reserved., source