BOTHELL, Wash., Sept. 26, 2014 /PRNewswire/ -- Canna Brands,
Inc. (OTC: CBWP) ("Canna Brands" or the "Company") today announced
the signing of a Letter of Agreement (Agreement) with Nana's Secret
Soda and its founder, Cecilia
Sivertson. Among its various provisions, the Agreement
provides for a new company to be incorporated to take ownership of
all intellectual property related to the Nana's Secret Soda brand.
Alison Baird, Canna Brands Chief
Operating Officer, will become the new company's President and
Cecilia Sivertson, its Official
Spokesperson and a Director. Canna Brands will provide day-to-day
management services to the new company and receive a
brand-licensing fee.
In accordance with the Agreement, Canna Brands will also provide
capital funding to the new company for operations, including the
establishment of a compliant manufacturing facility and will
finance the acquisition of bottling equipment and related items to
position Nana's Secret Soda for growth.
CEO Mark Schaftlein stated:
"Nana's Secret Soda is the premier cannabis infused soda brand
in the State of Washington.
Cecilia Sivertson is a pioneer and
one of the most loved and quoted figures in the infused cannabis
goods industry. Canna Brands is both pleased and honored that
Cecilia would sign this Agreement with our Company. We
look forward to growing the Nana's Secret Soda brand and to helping
support Cecilia's work benefiting persons with epilepsy."
About Nana's Secret
Cecilia Siverston founded Nana's
Secret out of a need to help ease her epilepsy symptoms and
arthritis pain. Diagnosed with epilepsy as a teenager,
Cecilia tried cannabis in 2012 after her medications left her with
tremors and other side effects that made normal life
difficult. Thrilled with the improvement, Cecilia began
sharing her tasty creations with others and Nana's Secret
began. Today, Nana's Secret Soda is the premier infused
cannabis soda in the State of
Washington. In 2014, Cecilia joined forces with Canna
Brands, Inc. to grow the Nana's Secret Soda brand and to secure
more resources for her work benefiting persons with epilepsy.
About Canna Brands, Inc.
The business of Canna Brands, Inc. (OTC: CBWP),
formerly Crownbutte Wind Power, Inc., is developing and
licensing uniquely branded specialty goods targeted to cannabis
consumers residing in the states of Colorado and Washington where the recreational consumption
of cannabis infused products, such as bottled sodas, coffee
beverages, baked goods and others, is legal for persons 21 years or
over.
SOURCE Canna Brands, Inc.