BELLEVUE, Wa, Sept. 23, 2014
Canna Brands, Inc. (OTC Pink "CBWP") ("Canna Brands") 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.
Canna Brands, Inc.
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