Canna International Holdings Group is a U.S. holding company that will target existing cannabis companies to become partners as wholly owned subsidiaries. The selected profitable U.S. cannabis companies
will have at least $30 million in total annual NOI together.
The holding company will issue its shares of stock to the member companies as owners – shares that will transfer to public shares after we go public. Following acquisition, growth and expansion capital will be provided to the member companies as well as many other value-added benefits.
With these acquisitions, the holding group, as stated above, will become a fully-vertically integrated cannabis company and go public and trade in the U.S. on the OTC and soon after going public on the Canadian Securities Exchange.
About the Member Companies
The potential member cannabis companies in CIHG include operating companies that are clients of our U.S. cannabis CPA and Legal firm partners.
These member companies are in states that have legalized marijuana and permit local companies to be acquired by holding companies. These states include the following:
Arizona ● Arkansas ● Connecticut ● California ● Colorado
Delaware ● Hawaii ● Louisiana ● Maryland
Minnesota ● New Hampshire ● New Jersey ● New York
New Mexico ● West Virginia ● North Dakota ● Ohio Oklahoma ● Pennsylvania ● Rhode Island ● Illinois ● Maine Nevada ● Oregon ● Puerto Rico ● Utah
Our targeted member companies will have the following characteristics:
The first step in acquiring each member company will be a CPA recommendation and a CPA review to ensure that the company is following generally accepted accounting principles (GAAP or U.S. GAAP) as we are a public company on the OTC and then audits as required to go public on the Canadian Securities Exchange.
Overall, the operating performance of our target companies will be (1) reviewed by a CPA prior to filing to go public on the OTC and (2) audited by a CPA prior to filing to go public on the Canadian Securities Exchange.
Initial Shareholders of the Holding Company
Initial shareholders of the holding company will be founders, seed capital investors, initial member companies, advisors and next stage investors providing second tranche funding for member companies to grow and expand.
Attorneys, CPAs and Advisors Guidance
CIHG has a strong team of experienced attorneys, CPAs and advisors assisting us to evaluate and merging member companies into our holding company and going public.
1. Going Public: Phil Shum is working with us and providing guidance on the filing process for us to go public on the Canadian Securities Exchange.
Director, Listings Development
Canadian Securities Exchange
D (647) 729-8319
C (416) 888-3561
2. Attorneys: Ken August of August Law Group is providing legal counsel.
3. CPAs: Maruf Daza, based in Toronto, is a Chartered Professional Accountant (CPA) and Chartered Accountant (CA) and Partner, National Public Companies, for MNP, a leading
Canadian national account, tax and business consulting firm. The firm’s headquarters is in Calgary. Mr. Daza is regarded as a leader on International Financial Accounting Standards (IFRS). We were advised that MNP has done most of the hemp/cannabis audits of U.S., Canadian and other cannabis companies that have gone public on the Canadian Securities Exchange.
Network of U.S. cannabis CPA partners.
Experienced consultants in the cannabis industry will also assist us.
Management and Staff of our Company
Our member companies will be our partners. The holding company will have an initial management and administrative staff of about 15 that will (1) largely provide coordination and support for member companies that are part of CIHG as it files to go public and (2) manage the public company. The key management staff will include a CEO, COO, CFO, and CIO who will fill other management and administrative positions. We have engaged two top notch executive search firms in the cannabis industry who will assist us in hiring the best educated and experienced candidates, particularly CEO, COO and CFO positions they are:
CIHG’s research addresses the climate in the U.S. that offers investor a factual overview as follows:
Trump’s attorney general, William Barr, has expressed support for pursuing a legislative fix for conflicting state and federal marijuana laws, testifying at a Senate hearing in August 2020 that he would prefer for Congress to pass something like Gardner’s bill instead of maintaining the status quo. The House passed an amendment to spending legislation in June 2020 that would protect all states with legal cannabis programs from federal intervention. The proposed laws would prevent interference from the U.S. Justice Department in states where marijuana is legal, protect cannabis industry employees from federal prosecution, and protect banks servicing cannabis companies from federal banking penalties. Gardner’s bill “to allow federal banking for cannabis companies a major move by the federal government” (Sept 12, 2020).
"Marijuana legalization has far-reaching national support from Democrats, independents and even a majority of Republicans, multiple polls show." (Sept 12, 2020, Politico)
"Marijuana legalization has far-reaching national support from Democrats, independents and even a majority of Republicans, multiple polls show." (Sept 1 ,2020 Motley Cannabis Magazine)
Colorado passes $1 billion in marijuana state revenue 2019
Study: "Legal marijuana could generate more than $132 billion in federal tax revenue and 1 million jobs." (Washington Post)
Advantages of Going Public
The financial benefit in the form of raising capital is the most distinct advantage. Capital can be used to:
CANNA INTERNATIONAL HOLDINGS GROUP
Copyright CIHG 10/1/2020
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