DNA BRANDS INC - DNAX STOCK NEWS

DNA Brands has announced a strategic agreement to form a majority-owned subsidiary, Green Thumb Ventures LLC, aimed at acquiring distressed cannabis assets in California. This market is currently experiencing low prices, presenting opportunities for investment. The subsidiary has already identified initial prospects, including licensed manufacturing and prime cultivation properties. California is the largest legal cannabis market globally, generating $4.4 billion in sales in 2020. The partnership will leverage the expertise of industry veteran Rendhel Pierre-Louis to target undervalued assets.

DNA Brands Inc. (OTC:DNAX) announces its subsidiary, The Solar Elite, is bidding on commercial contracts in Florida, targeting large-scale property owners and hotel chains. The initiative focuses on promoting solar energy and green technologies while offering fiscal benefits like Federal Tax Credits. The company is also partnering with Givepower.org to provide solar water desalination systems in impoverished regions. Additionally, it has formed partnerships with Aptos Technology and Storz Power to enhance its solar technology offerings.

DNA Brands Inc. (OTC:DNAX), in collaboration with Santo Blockchain Labs (OTC: SANP), has received a trademark for DNATags™ from the USPTO, marking a significant milestone for the company. This third-party verified blockchain authentication technology aims to combat counterfeit pharmaceuticals, with over 10% of medications globally being counterfeit according to the FDA. CEO Adrian McKenzie expressed optimism about expanding DNATags™ into various medicinal markets, including CBD and counterfeit Covid-19 products, while the company currently has 5.9 million common shares outstanding.

DNA Brands Inc. (OTC PINK:DNAX) has reduced its authorized common shares from 3.7 billion to 20 million. This decision aligns with the recent Form 1-A application for a 10 million share offering under Regulation A. The current share structure includes approximately 6.5 million shares issued, with management holding 3.5 million. There are about 2.5-3 million shares in public hands. The company, which owns the DNA Energy brand and has recent acquisitions in the solar marketing and cannabis sectors, aims to prevent shareholder dilution.

DNA Brands Inc. (OTC PINK:DNAX) and Santo Mining Corp (OTC PINK:SANP) announced the filing of a trademark for DNATags™, aimed at the $17 billion anti-counterfeit packaging market. The registration covers various goods and services, including software for cryptocurrency transactions and blockchain inventory management. The move targets urgent authentication needs in industries like pharmaceuticals and health, where counterfeit drugs are a significant issue. The companies plan to launch DNATags™ and DNARewards™ while focusing on effective branding and sales strategies.

Santo Mining Corp. and DNA Brands Inc. will convert DNATags from the Ethereum network to Cardano Goguen. This transition aims to reduce transaction costs and improve scalability by utilizing Cardano's native tokenization system. The DNATags platform will enable consumers to authenticate products and earn DNARewards tokens. Santo Blockchain Labs has extensive experience with Ethereum smart contracts and recognizes the benefits of Cardano's technology. A marketing roadmap for DNATags and DNARewards will be revealed soon.

DNA Brands Inc. (OTC PINK:DNAX) has retained MD Global Partners as its lead investment banking advisor. This Manhattan-based firm specializes in M&A and capital markets for small and mid-cap companies, aiming to enhance DNA Brands' financial and management resources.

The company plans to make one final acquisition, expanding its operations after acquiring 954Solar in March 2020. DNA Brands is also exploring partnerships in the cannabis sector, anticipating full federal legalization within 18-36 months, which could provide a competitive edge.