CANN AMERICAN CORP - CNNA STOCK NEWS

Cann American Corp. (OTC Pink: CNNA) announced the cancellation of approximately 3.3 million shares of common stock, which were returned to treasury, effectively reducing outstanding shares. This move, along with the cancellation of a $30,000 convertible note, aims to improve the company’s liabilities and capital structure, enhancing shareholder value. Additionally, Cann American is working towards further stock cancellations and has hired a PCAOB auditor to prepare for filing a Form 10 with the SEC, marking its commitment to transitioning into a fully reporting company.

CLOVERDALE, CA / ACCESSWIRE / February 16, 2022: Cann American Corp. (OTC PINK:CNNA) announces the cancellation of a $30,000 convertible note aimed at enhancing shareholder value. This decision comes as the company reassesses its financial strategies amid revenue projections from its Cannagram delivery service and the C-Juice product line. CEO Jason Black, who privately purchased the debt, emphasizes the move's intent to stabilize operations. Additionally, Cann American is negotiating the cancellation of millions of outstanding shares and is considering options like share buy-backs or forward splits.

Cann American Corp. (CNNA) announced that its C-Juice Delta 8 products are now available on retail shelves in several Oklahoma cities, including Oklahoma City and Edmond. This launch includes a range of products such as vape cartridges, concentrates, pre-rolls, and Delta 8 infused syrup. CEO Jason Black emphasized that establishing a presence in Oklahoma, one of the fastest-growing cannabis markets in the U.S., positions the company for enhanced revenue growth and increased shareholder value.

Cann American Corp. (OTC PINK:CNNA) announced the engagement of Michael Gillespie & Associates, PLLC as its auditor, a step towards preparing for an uplisting. The company, which resumed its operations in 2019, aims to meet SEC reporting obligations for audited financials. CEO Jason Black emphasized the company's successful reporting history and its strategy to enhance shareholder value through uplisting in 2022. The move signals Cann American's commitment to improving its market presence in the legal cannabis and hemp industries.

Cann American Corp. (OTC PINK:CNNA), a holding company in the legal cannabis and hemp industries, has launched its revised website, www.CannAmericanCorp.com. The new site aims to enhance transparency for shareholders and partners while showcasing the company’s commitment to supporting cannabis entrepreneurs. CEO Jason Black emphasized the importance of trust in the cannabis sector and the need for a business model that fosters growth from the ground up. The website will continue to evolve with market trends and provide essential information for stakeholders.

Cann American Corp. (OTC PINK:CNNA) has launched its signature vape cartridge line, C-Juice, featuring proprietary Delta 8 THC hemp extract, legally consumable in most US states. The product debuted at the recent Cowboy Cup event, securing 2nd place among numerous competitors. Initially available in retail outlets in Oklahoma, Kansas, and Texas, the company plans to expand further and offer online sales. CEO Jason Black emphasized the product's innovative approach, aiming to disrupt the market beyond typical CBD lines.

AUSTIN, Texas, Oct. 19, 2021 – Cann American Corp. (OTC Pink: CNNA) CEO Jason Black discussed the accelerated market opportunity for Cannagram, the company's cannabis delivery partner, in a recent interview. He highlighted that the COVID pandemic has pushed the demand for delivery services and believes Cannagram's tech-driven delivery platform has national potential. Cann American, a public holding company formed in 2015, focuses on consulting and strategic investments in the cannabis and hemp markets.

Cann American Corp. (OTC PINK:CNNA) announced the restructuring of its acquisition of Hourglass Enterprises LLC on October 14, 2021. The previous acquisition, initiated on May 12, 2021, was rescinded due to legal issues surrounding Metrc's track and trace system in Oklahoma. With the litigation now less of a concern, Hourglass will expand its operations in packaging and labeling for the cannabis industry in Oklahoma. The company anticipates this acquisition will enhance revenue streams and strengthen its presence in the growing Oklahoma cannabis market.

Cann American Corp. (OTC PINK:CNNA) has launched its cannabis delivery service, Cannagram, in Sacramento, CA. The company holds a 10% stake in Cannagram and is optimistic about its potential as a scalable platform for cannabis delivery. Cannagram aims to handle over 300 deliveries per day, significantly increasing Cann American's recurring revenue. CEO Jason Black anticipates this service could greatly enhance shareholder value. This initiative comes after Cann American opted to withdraw its recent capital raise.