VANCOUVER, November 6, 2018 – PRESS RELEASE – CANNAMERICA BRANDS CORP. has announced the appointment of Dan Anglin (CEO) and Frank Falconer (COO) to its board of directors. Anglin and Falconer co-founded CannAmerica and have been the driving force behind the company and its success to date.
Anglin is a U.S. Marine Veteran and since 2011 has been a high-profile leader in the marijuana industry, having owned and operated many successful cannabis businesses, including medical and retail dispensaries, cultivation, and processing facilities in Colorado, and one of the largest marijuana manufacturing companies in the world, operating in multiple states. Anglin is also a national expert in marijuana public policy, serving on rule-making work groups for the Colorado Marijuana Enforcement Division, as well as crafting legislation directly at the Colorado General Assembly for the good of Colorado and its regulated industry. Anglin founded and is the chairman of the board of the Colorado Cannabis Chamber of Commerce, an industry-based trade organization dedicated to advocacy and networking opportunities for the cannabis industry, as well as promoting reasonable regulation on legal commercial cannabis businesses.
Falconer has been involved in the marijuana industry since 2009 with the ownership and successful sale of marijuana edibles company, Wild Flour Baking Co. (WFB) Shortly after the sale of WFB, Falconer shifted focus to distribution and development of new brands in the Colorado market. The portfolio of product brands include: EyeChronic, ExtractionTek, CRREO Bags, Kush Bottles, ApotheCanna, PharmPods and Edipure. In addition, he co-founded Denver Consulting Group (a cannabis consulting firm serving clients nation-wide) and Cannascore (a cannabis compliance audit software program).
CannAmerica is also pleased to announce the signing of investor relations agreements with Darwin Productions Inc. and Wallace Hill Partners Ltd. to provide comprehensive investor relations services for the company.
Darwin and Wallace will assist the company in gaining exposure to investors through digital marketing and the dissemination of corporate information to a network of brokerage firms, financial institutions and private investors. This initiative reinforces the company's commitment to improve communications and information flow to its shareholders and the investment community.
Darwin has been engaged for $20,000 per month and the agreement may be terminated by either party upon providing written notice. Darwin is also eligible for incentive payments based on certain performance metrics related to trading volume, shareholder base and product leads. In addition, following the close of an equity financing Darwin will be granted 500,000 stock options exercisable to acquire 500,000 common shares at the equivalent offering price per common share as in the equity financing, should such an equity financing occur. The options will be subject to the minimum vesting period in accordance with the company’s Stock Option Plan, and the policies of the CSE.
Wallace has been engaged for a period of three years and the agreement may be terminated by either party within 90 days upon providing written notice. Wallace received an upfront fee of $100,000 and has no current or future interest, direct or indirect, in the company or its securities, or any right or interest to acquire such an interest.