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DRAZCANNA INC - DZCA STOCK NEWS

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DRAZCANNA INC (DZCA) is a company specializing in electric vehicles, following a recent reverse merger with EV Electra LTD. Led by CEO Jihad Mohammad, the company acquired the Emily GT and PONS projects from NEVS, establishing a subsidiary in Sweden for production. Their focus is on sustainable e-mobility, with a mission to become a leading manufacturer of electric vehicles worldwide.

With a robust growth trajectory, the company is transitioning towards the electric vehicle industry, backed by a solid financial foundation and a commitment to innovation. EV Electra is poised to shape the future of electric vehicles, emphasizing transparency, strategic growth, and capital partner relationships. Stay tuned for further updates on their journey!

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EV Electra LTD, a Canadian electric vehicle manufacturer, acquired the Emily and PONS product lines and related assets from NEVS, aiming to revitalize the automotive heritage in Sweden. The company is planning a reverse merger with DrazCanna, Inc. and is focusing on strategic production plans, transforming the company, future vision, and capital structure for growth.
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EV Electra (OTC PINK: DZCA) signs LOI for reverse merger with DrazCanna, Inc. to propel growth and innovation in the electric vehicle industry. The company is set to make a significant announcement at the eCarExpo in Sweden, reflecting its commitment to shaping the landscape of the EV industry. EV Electra also announces FINRA name change and new ticker symbol, additional corporate governance initiatives, and intentions to file for Shell Designation Removal and move to NASDAQ. The company is also focused on fostering capital partner relationships.
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DrazCanna, Inc. has completed a reverse merger with EV Electra, changing its name to EV Electra LTD and shifting its business direction to the electric vehicle industry. The acquisition was finalized in September 2023, with Jihad Mohammad appointed as CEO and President. The electric vehicle industry is expected to exceed $1 trillion in sales by 2030.
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DrazCanna, Inc. (OTC PINK:DZCA) continues to disclose its evolution in cannabis bio-pharmaceuticals post-2020 challenges influenced by police brutality in Michigan. Founders Ty Putrich and Gina Szpak emphasize their commitment to DrazCanna's success despite difficulties. They plan to develop a Detroit-based cultivation operation, exploring financing options unique to cannabis businesses due to limited access to traditional financial services. The company aims for a reverse merger with a public shell to streamline capital raising and minimize dilution, enhancing its market position in the cannabis industry.

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DrazCanna, Inc. (OTC PINK:DZCA) highlights their commitment to social equity through the "Cannabis Helping Cops" initiative. This effort aims to assist police officers in Michigan amidst the ongoing challenges of police brutality. The founders, Gina and Ty, share their experiences following a traumatic incident with local law enforcement, which has fueled their mission. They advocate for improved transparency and accountability in police practices, emphasizing the need for systematic change within Michigan's police agencies to prevent further misconduct and improve community relations.

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DrazCanna, Inc. (OTCBB:DZCA) shares insights on its origins and challenges since 2015 in a press release dated December 8, 2022. The company highlights its journey in the cannabis bio-pharmaceutical sector, emphasizing a commitment to innovative cultivation techniques aimed at sustainability and quality. As DrazCanna transitions from R&D to commercial operations, it seeks to overcome industry financing barriers. Key developments include the establishment of a unique hydroponic system and a focus on social equity initiatives under the 'Cannabis Helping Cops' program.

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DrazCanna, Inc. (OTCBB:DZCA) has completed its public shell restructuring as a precursor to a reverse merger, marking a significant step in its corporate revival. The company, which was dormant since 2016, has finalized its audited financials for the fiscal year ending June 30, 2022, presenting a clean balance sheet with liabilities under $200,000. The leadership team aims to position DrazCanna as a major player in the cannabis bio-pharmaceutical sector, focusing on high-quality cultivation and innovative hydroponic systems to reduce environmental impact.

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DrazCanna, Inc. (OTC:DZCA) announces significant shareholder approvals including a Reverse Merger and the election of Hussein Anani to the Board of Directors. BF Borgers CPA PC has been appointed as the auditor for the fiscal year ending June 30, 2022. DrazCanna aims to establish a state-of-the-art hybrid greenhouse in Michigan to enhance its cannabis cultivation efforts. The company focuses on environmental, social, and governance (ESG) principles, emphasizing water and energy efficiency in its operations.

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DrazCanna, Inc. (OTC:DZCA) announced the signing of Letters of Intent for the transfer of rights regarding a Nutrient Optimizing Data-Driven Hydroponic System. This innovative technology is designed to facilitate plant growth in higher temperature environments, aiming to enhance yield, quality, and taste while minimizing environmental impact. The system's efficiency is expected to address issues related to global warming and water consumption. DrazCanna aims to position itself as a leading ESG investment in the cannabis sector by investing in technology that supports sustainable agricultural practices.

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FAQ

What is the current stock price of DRAZCANNA (DZCA)?

The current stock price of DRAZCANNA (DZCA) is $0.0025 as of February 21, 2025.

What is the market cap of DRAZCANNA (DZCA)?

The market cap of DRAZCANNA (DZCA) is approximately 468.6K.

What is DRAZCANNA INC's core focus after the reverse merger with EV Electra LTD?

DRAZCANNA INC is focused on electric vehicles, particularly after acquiring the Emily GT and PONS projects from NEVS.

Who is leading DRAZCANNA INC's transition into the electric vehicle industry?

CEO Jihad Mohammad is leading DRAZCANNA INC's transition and acquisitions in the electric vehicle sector.

What is the mission of DRAZCANNA INC in the electric vehicle market?

DRAZCANNA INC aims to become a leading global manufacturer of electric vehicles, focusing on sustainable e-mobility.

What recent initiatives has DRAZCANNA INC undertaken in the electric vehicle industry?

DRAZCANNA INC recently established a subsidiary in Sweden for production and acquired projects from NEVS to drive international growth in electric vehicles.

What is the financial strategy of DRAZCANNA INC for future growth and innovation?

DRAZCANNA INC maintains a robust financial position with solid cash reserves, manageable debt levels, and strong liquidity to support growth opportunities and market dominance.
DRAZCANNA INC

OTC:DZCA

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DZCA Stock Data

468.63k
227.35M
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