BELLEVUE, Wash., Sept. 23,
2014 /PRNewswire/ -- Canna Brands, Inc. (OTC Pink "CBWP") ("Canna
Brands" or the "Company") today announced its July 29, 2014 acquisition of Bothell, WA, cannabis consumer goods company
Canna & Canna Inc., was overwhelmingly ratified at a Special
Meeting of shareholders held September 19,
2014 in Bellevue WA. At the Special Meeting,
shareholders also overwhelmingly approved the change of corporate
name recommended by the Board of Directors, from Crownbutte Wind
Power Inc. to Canna Brands, Inc., reflecting the aforementioned
acquisition and new principal business of the Company.
The business of Canna Brands 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.
CEO Mark Schaftlein stated:
"The Board's vision at the outset was to make an acquisition at
the epicenter of a burgeoning new consumer goods industry –
cannabis infused products. At the Special Meeting, 84% of our
shareholders participated in person or by proxy – an excellent
response – and fully 99% of those participating endorsed the
acquisition of a cannabis consumer goods company. Having the
Board's vision confirmed by this large a majority of shareholders
gives us real momentum to grow the Company."
In accordance with standard procedures, Canna Brands advised the
Financial Industry Regulatory Authority (FINRA) in advance of the
corporate actions to be taken at the Special Meeting of
shareholders and expects to be issued a new ticker symbol by FINRA
reflecting its name change in the near term.
SOURCE Canna Brands, Inc.
