Cann American Corp. Announces Hemp Farming Lease (CNNA)

CLOVERDALE, CA / ACCESSWIRE / June 15, 2022 / Cann American Corp. (OTC PINK:CNNA), the “Company”, a holding company building a diverse portfolio of intellectual properties in the legal cannabis and hemp industries, is pleased to announce the Company has entered into a lease agreement to develop a hemp farming operation.

Cann American Corp., Wednesday, June 15, 2022, Press release picture

The approximately 10,000 square feet of land, located in Glencoe, Oklahoma, will allow the Company to vertically integrate the expansion of its recently launched “C-Juice” vape lines.

Cann American will be able to cultivate select proprietary genetics and maintain quality controls from seed to shelf. The operation will be managed by Cann American’s director Brad Hanger through his company, Hanger Consultations.

Additionally, the Company has several significant developments with its California operations that will be announced in future updates.

Stated Cann American CEO, Jason Black: “I’m very excited for this Oklahoma project. Development of a hemp farming operation has been a goal of the Company since 2020 and marks another milestone in our progress.”

About Cann American Corp.

Cann American was formed in 2015 with an initial focus on developing legal cannabis industry infrastructure projects in Northern California. Now a publicly traded company under symbol (CNNA), Cann American Corp., through its subsidiaries, has expanded its focus toward developing assets, technologies, and acquisitions nationally in the legal cannabis and hemp industries.

Forward Looking Statements:

This press release contains forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.


SOURCE: Cann American Corp.