VANCOUVER – CANNAMERICA BRANDS CORP. ("CannAmerica Brands" or the "Company") (CSE:CANA) (CNSX:CANA.CN) (OTC:CNNXF) is pleased to announce the appointment of Vincent E. Norment to the company’s Board of Directors (the “Board”).
Norment is a U.S. Marine Corps veteran and the founder and chief executive officer of the Marijuana Hall of Fame, an organization that is focused on the promotion of cannabis businesses and pioneers who have individually made an impact on the legalization of cannabis, innovation in cannabis products or processes, or have contributed to the large-scale normalization of cannabis use for medicinal or adult use. The Marijuana Hall of Fame is founded in Illinois and has plans to open museums in all states in which cannabis products are legal.
Norment brings a large network of relationships to the Board, having established successful business combinations in multiple states, and is a known figure for his promotion of social equity in the cannabis industry. He is associated with multiple companies that have been awarded licenses in the state of Illinois, including Helios Labs, Parkway Dispensary, and Highwaymen security, acting as the marketing and business development officer for these successful license holders. Currently, Norment is a director of Hemptensils, a company that produces and distributes a line of hemp-based products for the restaurant industry as a replacement for plastic utensils and straws, reducing the number of plastics damaging the environment. Prior to his cannabis career, Norment worked as a marketing expert with AndroidTapp, Fingerweights, and DBANDS, and was a member of the 2016 Chicago Olympic summer games bid Committee.
Dan Anglin, president and chief executive officer, commented “I am extremely proud to have Mr. Norment join the Board. Mr. Norment’s vision to bring social equity to the cannabis industry is aligned with the company’s actions to partner with underrepresented owners across the country to bring CannAmerica’s brands to new markets. Mr. Norment’s expertise and extensive knowledge of not only cannabis as a product, but also his network of operators, innovators and pioneers across the nation will provide CannAmerica with a broad opportunity to increase the company’s presence across America.”
Norment stated, “I’m excited to be working with CannAmerica Brands, because its mission goes beyond cannabis as a business and has an additional focus of promoting diversity and inclusion in the industry. I’m also proud to be working closely with the company’s founder and CEO Dan Anglin, who is also a U.S. Marine Corps veteran, as our shared experience in the most respected military service in the world has already forged a strong relationship that will help us guide this company into the future together.”
In Colorado, effective Jan. 1, 2022, the company began managing the operations of its licensed partner Arsenal Oils and Extracts, LLC. (“Arsenal”), in accordance with the series of agreements related to the merger and acquisition of Arsenal announced on December 16 and December 22, 2021. Since taking over the management of Arsenal sales have increased by 7% over January 2021. The company continues to increase staff and production to meet the increased demand for CannAmerica’s edible and vaporization products in Colorado.
On Jan. 27, 2022, Manning Elliott, LLP the company’s independent auditor submitted their resignation to the company due to staffing shortages, as a result of two years of pandemic restrictions. The company is currently interviewing for a replacement auditor and will provide an update as soon as a firm is chosen.
For a more complete business and financial profile of the company, please view the company's website at www.cannamericabrands.com and documents posted under the company’s profile on www.sedar.com.
For further information please contact the company at [email protected].
