UA Multimedia Inc (UAMM)

[Fiddly]

form a new subsidiary under the brand "Cannaxa", by which to conduct its cannabis related business. The Company plans to ultimately spin this subsidiary off in the future as an independent publicly traded fully reporting entity.

I think the plan has always been to acquire at least another company in order to be able to spin Cannaxa into its own thing and for us to have that name as our main representation.

https://www.otcmarkets.com/stock/UAMM/news/UA-Multimedia-Inc-Issues-Shareholder-Update-on-Recent-Developments-and-Evolving-Corporate-Strategy?id=163208