Cannvas MedTech Announces Completion of Name Change and Subdivision

Published: August 14, 2019

Cannvas MedTech Announces Completion of Name Change and Subdivision

EuroLife Brands Inc., a leading digital cannabis education and analytics company, has completed its name change from “Cannvas MedTech Inc.” to “EuroLife Brands Inc.” to better reflect the direction of the Company’s business.

“We are tremendously excited to complete our company rebrand and continue to leverage our unbiased cannabis education resources to better support the global cannabis community and bring additional value to our shareholders,” said Steve Loutskou, Chief Operating Officer, Global Markets, EuroLife Brands. “We are confident that coupling our cannabis education with an exclusive CPG marketplace for discerning cannabis consumers across Europe and South America will meet and exceed their expectations of product selection and overall awareness.”

The Company has been advised by the CSE that the common shares will commence trading under the new name, effective at the opening of trading on August 14, 2019. In the coming days, all the Company’s digital properties will be updated to reflect new EuroLife branding.

The Company is also pleased to announce that, following the name change, the Company will have completed a subdivision (the “Stock Split”) of its issued and outstanding common shares on the basis of four (4) to one (1). For greater clarity, shareholders of record as at August 15, 2019 (the “Record Date”) will receive three (3) additional common shares for every one (1) common share held. In accordance with the Company’s Articles, shareholder approval was not required for the Stock Split.

The Company’s common shares are expected to commence trading on a split-adjusted basis on August 14, 2019.

EuroLife Brands (CSE: EURO) (Frankfurt: 3CM) (OTCPK: CANVF) is a leading global digital CBD marketplace with an exclusive CPG-focused eCommerce platform backed by evidence-based cannabis education and detailed consumer data collected through Cannvas.Me, the Company’s data-driven cannabis education platform with users spanning the world.