Cann American Corp. (OTCPK:CNNA) entered into a binding letter of intent to acquire 80% stake in Mark2media Group LLC on October 26, 2022. Under the terms of the agreement Cann American will acquire 80 million common shares of Mark2media Group, constituting 80% majority ownership in Mark2, in exchange of 1,500,000 series B preferred shares of Cann American. In addition to the Mark2 acquisition, the terms of the deal will see current CEO, Jason Black, step down as a Director and Officer of the Company and Alex Woods-Leo appointed as new Director and CEO. The acquisition and change of management are expected to close on October 31, 2022.

Cann American Corp. (OTCPK:CNNA) completed the acquisition of 80% stake in Mark2media Group LLC on October 31, 2022. In addition to the Mark2media Group LLC acquisition, Cann American Corp. is currently negotiating additional acquisitions and preparing for additional board appointments.