Canna & Canna Inc. entered into a definitive agreement to acquire Crownbutte Wind Power, Inc. (OTCPK:CBWP) in a reverse merger transaction on July 14, 2014. As per the agreement, all outstanding shares of Canna & Canna common stock will be exchanged for 62.125 million shares of common stock and 500 shares of preferred stock of Crownbutte. As a consequence of the reorganization, Canna & Canna will become a wholly owned subsidiary of Crownbutte. Crownbutte will change its name to Canna Brands Ltd. reflecting its new business plan and will apply for a new CUSIP and ticker symbol.


Canna & Canna Inc. completed the acquisition of Crownbutte Wind Power, Inc. (OTCPK:CBWP) in a reverse merger transaction on July 15, 2014.