CannAmerica Signs LOI to Enter the European CBD Market

Published: February 19, 2019

CannAmerica Signs LOI to Enter the European CBD Market

Cannamerica Brands Corp. has entered into a letter of intent to provide an exclusive license to manufacture and distribute CannAmerica Brands branded CBD infused products in Europe with Winchester MD Limited. Winchester is a Europe based arms-length entity that operates a revenue producing online retailer under the brand HempElf and offers a variety of CBD products through its store. Winchester is seeking property in a number of regions in Europe for their new manufacturing facility, which CannAmerica Brands is not required to provide funding for.

CannAmerica Brands and Winchester intend to enter into a definitive agreement by April 15, 2019. Under the terms of the LOI CannAmerica Brands will provide Winchester with supplies and equipment in exchange for a per unit royalty payment that is to be determined in the definitive agreement.

“The Company is excited to expand CannAmerica Brand’s reach into Europe and thrilled to be doing so with a partner that has been quickly building a reputation as a provider of high-quality CBD products,” said Dan Anglin, CEO and Co-Founder of CannAmerica Brands.

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