CANNAMERICA BRANDS CORP. announced that on August 26, 2020, it entered into a long-term licensing agreement and brand partnership with Arsenal Oils and Extracts under which Arsenal will have an exclusive license to manufacture and distribute CannAmerica branded products and Live Labs in Colorado. Terms of the Agreement include: The initial term will be for a period of 5 years; Payments are a flat fee per unit based on the use of the Company's Intellectual Property; The Licensee will purchase all consumable ingredients, packaging supplies, and branded hardware exclusively from the Company; The Licensee will follow formulations and processes provided by the Company; and the Licensee will distribute CannAmerica branded products throughout the territory (Colorado).