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Indeed! Check this out:
Cann American Corp.'s investment will enable Fly Beverage to reach their goals of selling to 50 dispensaries by the end of the month and reaching 100 dispensaries in three months. Fly Beverage is also preparing to have a professional independent valuation of the company performed. Current estimates for Fly Beverage are between $8mm to $11mm valuation.
This will be sold in 100 dispensary’s in 3 months! This is huge! Distribution is huge here!
Top the cake with 8-11mm valuation!?!? Talk about $CNNA making moves with the right players!!
~RDG~
Yup! $CNNA is definitely part of something big! Huge actually! I’m going to try the tea with 100mg THC.. a nice gulp should send you to the outer space haha! Thanks Spacestation!!
$CNNA
~RDG~
Those are some big numbers!! Glad $CNNA is part of it!
~RDG~
“Spacestation” is definitely on point for a company name! No doubt they are creating a high haha :) Spacestation has a heavy stake at 77%! It looks like they also service other beverages/companies!
Fly Beverage is 77% owned by Spacestation. A leading cannabis beverage co-packer for the California infused beverage industry. Because of Spacestation's direct involvement in these beverage lines while also serving the fulfillment needs of some of the biggest dispensary beverage brands in California, Cann American management has determined that Fly Beverage was uniquely positioned to capture significant market share of the California market and an early stage investment was in the best interest of the company and shareholders. You can learn more about Spacestation at: https://flyspacestation.com/
$CNNA
~RDG~
Matt’s “Mile High Soda” sounds delicious!! Guaranteed this was what we all saw on the conveyer belt in the tweet a few weeks ago! 100mg THC per bottle would definitely send me over the moon :)
Matt's High Soda is in the process of launching their first shipments of Uncle Arnie's Iced Tea Lemonade to dispensaries this week. Uncle Arnie's Iced Tea Lemonade consists of 100mg THC per bottle making it the highest THC dosage edible serving the California dispensary market across all categories. You can learn more about Uncle Arnie's and Matt's High Soda at:
https://mattshighsoda.com/
https://www.instagram.com/mattshighsoda
$CNNA
~RDG~
Check out the Nectr line!!
Instagram
Https://www.instagram.com/drink.nectr
Facebook
Https://www.facebook.com/drink.nectr
$CNNA
~RDG~
Cann America Corp has an equity investment in Fly Beverage Corp!! The tea looks amazing! Sparkling water with 10mg of THC!! Awesome! Going to give the “Claws” a run for their money!!
CLOVERDALE, CA / ACCESSWIRE / May 4, 2020 / Cann American Corp. (OTC PINK:CNNA) is pleased to announce an equity investment in Fly Beverage Corp.
Fly Beverage, based in Northern California, specializes in cannabis infused beverages for the California dispensary market. The company's brands consist of Nectr and Matt's High Soda.
Nectr, offers four flavors of sparkling water with 10mg THC per bottle. The Nectr line of drinks are already on shelves in thirty dispensaries throughout California. You can learn more about Nectr at:
$CNNA
~RDG~
A huge PR released this morning! $CNNA I will definitely be expounding on this!!
https://finance.yahoo.com/news/cann-american-corp-announces-beverage-124500505.html
~RDG~
Today’s $CNNA tweet
“Previously mentioned $CNNA announcement had slight delay due to virus situation. It has since closed and will be announced early next week.”
~RDG~
Wow!! Nice close today!!!! $CNNA
~RDG~
What’s happening my $CNNA family?!?
~RDG~
unvctrader9m, I wanted to do a bit more digging into the 2mm preferred shares that you keep bringing up. So I decided to email CEO Black and get an explanation as to what was going on with those.
Here is what I sent:
4/16/2020
CEO Black,
In the most recent filing, there appears to be 2mm shares of preferred stock issued. Would you be able to expound on this? From my trading experience, I believe these are not traded shares. Any explanation would be greatly appreciated! P.s, keep up the good work! Thanks for the twitter sneak peak!
~RDG~
Sent from my iPhone
Here is the response that I received this afternoon:
Yes, I have all the A and B preferreds. The classes were created by previous management. You can see in any of the filings' disclosure statements where they, (Dahlerup and Schiorring) cancelled (returned) them to the company.
They were issued to me in consideration of the acquisition of Cann American LLC. All issuances have to be in consideration of something of value, be it cash or an asset etc. In this case rather than the company owing me $200k for the Cann American LLC purchase, I took the preferred shares instead so that I could extinguish the $200k debt.
Having the preferred shares allows me to effect corporate actions without having to seek the approval of all the shareholders and send out letters for a vote. For instance, the name change to Cann American Corp required a majority of shareholders approval. Rather than soliciting a vote from every shareholder, the preferred formula gives me the majority of votes and I can approve the action internally.
That's essentially all the preferreds do. Make me the majority shareholder vote. They'll never be converted to common as I would not want to diminish my majority control. It's never a good idea if the CEO does not have the preferred control block. It means someone else is really in control. This was the issue I had with IGEX. Although, I was always just there as an interim, originally with the intent of helping Hulogix merge in as they had no experience getting a company current etc. I never had full control because Tom Shea was the majority shareholder. He had the preferreds and could override me if he wanted. That wouldn't have been an issue because he originally agreed to suspend his voting until Hulogix was able to buy them from him. But because Hulogix wanted to try and be sneaky, create a new class of preferreds and screw him on the deal, that suspension was lifted and he was able to remove them by majority shareholder vote.
None the less, whoever has all or most of the preferreds is really in control. In the case of CNNA I will always hold every preferred share so that nobody can meddle with the company or override me. Unlike the other companies that I tried to help out, get current and bring in a permanent CEO like IGEX or in the case of KYNC to help the CEO reorganize and purge old directors, I never had full control. With CNNA I will always have full and sole control via having all the preferreds. Hence the reason there are no BS issues there. There's only one hand in the kitchen at CNNA. Me.
Hope that helps clarify.
Jason
I hope this helps with clarifying your questions as it did mine.
~RDG~
$CNNA
People in glass houses or even glass pool houses shouldnt cast stones
~RDG~
I suppose all of these negative posts are because the vet clinic is closed due to COVID-19 .. all this free time on your hands to speeeeeeew gaaaaaabbbaaaaaggggeee
~RDG~
Yes! I’m curious to know what that is! Looks good!! I’m sure we will get some clarity on it!! $CNNA
~RDG~
$CNNA Tweet out!
Working out final details on previously mentioned $CNNA update. Coming soon. pic.twitter.com/vg22bms1RG
— CNNA (@CNNA_OTC) April 14, 2020
Yup! CEO Black is definitely ambitious! It’s crazy to think how far we have come! Looking forward to seeing $CNNA thrive!
~RDG~
I concur! I believe this is the calm before the storm. The bottom was found and have moved up from there. Looking forward to some updates!
~RDG~
$CNNA looking good today! Some decent slaps rolling in!
~RDG~
Thanks NiteShift. The misinformation being spewed is absurd.
$CNNA
~RDG~
Furthermore, you asked why is “defending” JB. The post was deleted, but here is “why” for you.
I am not sure if you know many CEO’s.. Specifically OTC/penny stock CEO’s. Everyone of them in my 7 years of trading, has in some way or another screwed me or people I know over.
I have never once been mislead by JB. He has been solid since day one. JB has done everything he has said he was going to do and more!
$CNNA is as solid of a stock as it gets! No dilution, no weird crap happening in the background, no legacy issues ect. JB has been extremely transparent when he does anything!
Stop and think about all of the other CEOs that don’t do what they say. Your answer should be a “majority”.
CEO Black has stood by his word and his investors 100% of the time.
$IGEX - cleaned up, current, handed off. Both CEOs that have taken it sense have failed. Is that JBs fault? This is again where you should answer “No”
$KYNC- some legacy issues that were lingering. He tried to clean it up and got shafted by Phil. Is this JBs fault? Again, your answer should “No”
Before you slam him, ask yourself “Is he like other CEOs”? You should once again answer yourself “No”. He is the most standup CEO in the OTC.
I highly recommend you dig into the faults of the CEOs that take over his clean tickers.
~RDG~
Ps, that address should lead you to Patrick King - “The Soil King” if you have looked at any past DD you will find how they are working together.
Ask yourself, “Are those shares tradable “? You should answer yourself with a “No”!
Let’s say those shares were tradable.. which they aren’t, but let’s say they are (because it seems to weigh heavy on your mind) At the current PPS, it’s only worth a few grand.
Once again, water under the fridge. If you have never heard that saying “1 liner from Trailer Park Boys” we cant be friends. Just saying,
~RDG~
If JB is the problem why is $CNNA where hes all by himself so clean?
~RDG~
Exactly! I have been here long enough! Block the noise and listen to the DD posted! Will be ramping back up with the DD posts! Stay tuned!! $CNNA
~RDG~
Lol, you are welcome! Watch it on Netflix! It has tons of great lines!!
Thank you for directing me to this board! I never knew this existed! Gave this board a follow!
~RDG~
Trailer park boys line. Wasn’t a mistake
~RDG~
It definitely looks like JB was taken advantage of here like the rest of us investors. Not only losing money but time to get things set up.
JB was helping get $KYNC set up and the POS company just takes advantage of him. You can see in my last post here that JB is not the problem. CEO Sands is the problem. SMH.. Never investing in anything CEO Sands is involved in again..
What’s cracking my $CNNA family!?!
~RDG~
Yup! Definitely should start to trend higher here! $CNNA
~RDG~
Yup! Looks like it is ready to start trending higher $CNNA
~RDG~
I concur! The current trading reminds me of when we hit near a penny in just a few short weeks last year! $CNNA has really come together in a years time!
~RDG~
Nice to see filings out today!! $KYNC
https://backend.otcmarkets.com/otcapi/company/financial-report/242675/content
~RDG~
Heck of a day! Got to see $CNNA run 125% up today! Looking good!!
~RDG~
Agreed! Volume should be picking up soon imo! $KYNC
Todays $CNNA News
Upon my practice of social distancing, but still wanting to be connected, I dusted off the old Instagram account. It was quite ironic that the first thing I saw in the feed was Patrick King sparking up a fatty.
Some nice smacks this afternoon! Let’s clear the ask tomorrow and roll!
$CNNA
~RDG~
Crazy.. thanks for the share!
~RDG~
Looking for an entry on the 3 big cruise company’s. Norwegian is definitely down in my buying territory. Good time to grab imo
~RDG~