April 25, 2019 – Toronto, ON – Cannabis Growth Opportunity Corporation (“CGOC”, or the “Company”) (CSE: CGOC), a cannabis-focused investment corporation with both public and private cannabis holdings, announces an investment within its private portfolio in Sanna Health Corp Canada (“Sanna”), branded as SannaTM. Sanna intends to be a global consumer healthcare company developing and licensing a suite of cannabis-based health and wellness products.
Sanna’s products will utilize evidence-based, standardized formulations coupled with delivery platforms that will effectively dose precisely combined cannabis extracts to enhance and maximize the user experience and health benefits. Expectations are to be a leading integrated brand company from R&D to production, through wholesale and retail distribution channels with initial products targeting large market opportunities: Pain, Sleep, Anxiety, and Inflammation. Utilizing the CMO model (servicing other companies on a contract basis to provide comprehensive services from development through manufacturing) – All locations will manufacture and distribute licensed products under the Sanna™ brand.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, “We are pleased to announce our recent investment in Sanna, intended to be a global healthcare leader with a clear and differentiated pathway forward to achieving their goals. The Company is led by a solid management team with an extensive background in healthcare and capital markets, along with strategic partnerships able to provide guidance and support throughout their growth process. We look forward to providing updates along their global growth journey.”
Tom Rossi, CEO of Sanna commented, “We are very pleased to be working with savvy cannabis investors such as CGOC, who have taken a meaningful position in our Company at the beginning of our growth cycle, and we look forward to this collaboration.”
CGOC invested $500,000 for 3,125,000 shares in Sanna, which represents 3% of the private portfolio.
Sanna is building a global healthcare company focused on developing and commercializing cannabis-based health and wellness products. Sanna intends to bring quality products to market that will utilize evidence-based, standardized formulations coupled with innovative delivery platforms that will allow healthcare professionals and patients to effectively treat their condition.
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC’s main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
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For further information please contact Cannabis Growth Opportunity Corporation:
Jamie Blundell, President & COO
|Website: www.cgocorp.com||Investor Relations Email: firstname.lastname@example.org|
|Tel: (647) 946-2462|
Neither the Canadian Securities Exchange nor it’s Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.