CannAmerica Brands Corp. that on November 30, 2020, it entered into a long-term licensing agreement (the “Agreement”) for use of the Company’s technology and processes with VIII Brands, LLC (“VIII Brands” or the “Licensee”), with the intent of creating Consumer Packaged Goods (CPG’s) in the United States. VIII Brands is a hemp branding house started in 2019 for the purposes of introducing hemp-based cannabinoid CPG’s into major retailers across the United States, where food, beverages, topicals and other consumption products are allowed. Terms of the agreement include: The initial term will be for a period of 5 years; A licensing fee of USD 1,000,000 due 24 months after the effective date of the Agreement; Ongoing monthly fees for use of the Company’s equipment to commence six months after the effective date of the Agreement; The Company is granted an option to purchase the Licensee.