CannAmerica Brands (CSE: CANA) (OTCQB: CNNXF) announced a long-term licensing agreement and brand partnership with Canna Provisions to sell its products in the Commonwealth of Massachusetts.
As part of the deal, Canna Provisions will get an exclusive license to manufacture and distribute CannAmerica branded cannabis-infused gummy products and Live Labs branded concentrate products in Massachusetts.
Canna Provisions will follow formulations and processes provided by CannAmerica. During the first 180 days of the initial term, the licensee will employ one full-time salesperson in Massachusetts to promote, market, advertise, and sell the licensed products.
“We are thrilled to announce our agreement with Canna Provisions Inc. for manufacturing and distribution of CannAmerica branded edibles products in the great State of Massachusetts,” said Dan Anglin, CEO and Co-Founder of CannAmerica. “Having the opportunity to work in concert with a knowledgeable team and operation that continues to expand its footprint across the state is an exciting beginning to the final quarter of 2019.”
“By signing this Agreement, CannAmerica is poised to bring its lineup of products into a growing cannabis market and spread our brand into the Northeastern United States,” said Anglin. “Partnering with a group that shares our vision will allows us to continue to achieve the organizational success we had envisioned for the year.”
