Announcements

Job offersmore »



Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




US (CA): Former multimedia company ventures into MMJ

UA Multimedia reports advancement on the company's overall cannabis related endeavors. Plans are underway to launch an aggressive marketing strategy for the distribution and sales of the company's products and services.

Due to recent changes in regulation, FINRA no longer approves name or ticker changes if the company has any delinquencies in its reporting. Consequently, management has withdrawn its application with FINRA to change the company's name and ticker symbol. In the company's endeavor to update the name and symbol to more closely align with the company's core business model, it was discovered that during certain periods between 1999 and 2007, there were some filings that had become delinquent, and despite efforts, and considerable dialog, current management is unable to obtain the missing records to complete the requested filings per FINRA's new requirements.

Moving forward, management has determined that the best course of action is to revert to UA Multimedia, Inc., and alternatively form a new subsidiary under the brand "Cannaxa", by which to conduct its cannabis related business. The company plans to ultimately spin this subsidiary off in the future as an independent publicly traded fully reporting entity.

"The issue with the name and ticker change will not affect our overall business. Now that a conclusion is reached, we will make the necessary adjustments and begin to aggressively market and sell our products and services." commented Thu Pham, Chief Executive Officer.

As previously announced, the company is offering a turn-key indoor growing station complete with state-of-the-art LED lighting. In addition, the full spectrum LED lights, Cannaxa CX-300, are also available for purchase separately. A single light can output 210 Watts or an HID equivalent of 400 Watts and can cover a 3' x 3' area. Additional models will also be made available for purchase next quarter.

For more information:
cannaxa.com
cannamedi.com
www.uammedia.com

Publication date: 7/5/2017

 


 

Other news in this sector:

4/23/2018 Another cannabis investment for Scotts Miracle-Gro
4/23/2018 Canada: Researcher warns cannabis bubble might burst
4/20/2018 US (NM): Cannabis provider unveils 8.7 million sq.ft. facility
4/20/2018 The great cannabis switcheroo
4/19/2018 Canada: MPX to acquire MMJ producer Canveda
4/18/2018 US (NV): Marapharm's Las Vegas sites get green light to flip the switch
4/18/2018 CAN (ON): MedReleaf completes 1 million sq.ft. greenhouse acquisition
4/17/2018 CAN (BC): BC Tweed adds licensed growing space
4/17/2018 New cannabis strain to be named after Meghan Markle
4/16/2018 US: Trump, Gardner strike deal on legalized marijuana
4/13/2018 Malta: Australian firm to build 4,000 m2 MMJ facility
4/12/2018 US: Former Republican Speaker of the House joins cannabis firm
4/12/2018 Canada: Québec orders tons of cannabis from six growers
4/12/2018 US: Fluence shines light on state-of-the-art cannabis greenhouse
4/11/2018 US (CA): Cannabis company receives $1M insurance payout following fire
4/10/2018 Canada: Canopy to help LiveWell develop cannabis greenhouses
4/9/2018 Italian firm files patent for solar powered cannabis and cryptocurrency farm
4/6/2018 Canada: Marijuana millionaires riding legalization wave
4/6/2018 CAN (ON): First harvest from Aphria expansion expected end of April
4/5/2018 LED Grower's Guide for Cannabis