Wanderport Corp (WDRP)

[BeerIsGood]

Wanderport Corp Signs Letter of Intent to Acquire Minority Stake in CannaLife’s Primary Distributor, Titan Distributing

SANTA MONICA, CA -- March 18, 2015 -- InvestorsHub NewsWire -- WanderPort Corp. (OTC Markets: WDRP) is pleased to announce today that the Company has signed the Letter of Intent to acquire a minority stake in Titan Distributing, a primary distributor for CannaLife USA Ltd.

Titan Distributing has been functioning as CannaLife’s primary distributor in selling Canna Energy, a TCH free hemp supplement beverage. Wanderport’s wholly owned subsidiary, GOH Corp, is Canna Energy’s exclusive distributor for the state of Nevada and general distributor for the state of California. Over 1M cans of Canna Energy have been sold to date in 25 states and Puerto Rico.

Under the LOI signed by the parties, the Company will acquire 49.9% of Titan, 2% of CannaLife and an option to acquire an additional 3% of CannaLife in exchange for a combination of cash and restricted Common stock of the Company. The Company will be granted a preferential purchase price for the products as well as exclusive distribution rights in the state of Colorado, New Mexico, Oregon and Washington. The Company will also assume certain Titan’s assets and liabilities as well as the management and servicing of over 2,000 existing accounts.

“This is a tremendous opportunity for our companies to jointly build the brand and distribute Canna Energy,” stated Eric Brown, CEO of Wanderport Corporation. “We are looking forward to be working closer with CannaLife in the production, marketing and distribution of this exciting new product in the multi-billion dollar beverage industry”.