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SOURCE OmniCanna Health Solutions, Inc.
COLORADO SPRINGS, Colo., June 10, 2014 /PRNewswire/ -- OmniCanna Health Solutions, Inc. (OTC: ENDO) (formerly "Endocan Corporation"), a U.S. Company specializing in cannabis and cannabinoid formulation-based health and wellness solutions, is pleased to announce that the Company's Board of Directors has selected the name, OmniCanna Health Solutions™, as the revitalized name of the Company. The Company website has changed accordingly to www.omnicanna.com respectively launched today.
The name change began with appropriate regulatory filings with the Office of the Nevada Secretary of State and the next steps are underway with FINRA for a symbol change to match the new name. The new symbol will be announced in the near term. The Company has also engaged experienced accounting firm, Turner, Stone and Company, LLP to review and audit the Company's financials. The OmniCanna Health Solutions name change will have no effect on the Company's share structure, corporate organization, business model operations, or corporate governance.
The Company had previously established two subsidiaries in The Netherlands, Endocan B.V. and Endocan International Holding B.V., for the Company's expanding European and international operations. In line with the name change of the American parent company, these Dutch entities are being renamed OmniCanna B.V. and OmniCanna International Holding B.V., respectively.
In the United States dispensary owners will be licensed to use the Company's brands and formulations for retail distribution through licensing agreements with the OmniCanna Health Solutions ™ brand name. OmniCanna Health Solutions now serves as the enhanced brand and refined image to be used in conjunction with all of the Company's activities, products, and services. The updated and revised Company website and corporate collateral package will be released shortly.
"OmniCanna Health Solutions was chosen by the Board as a direct reference to the latin 'omnis' meaning 'all' and Canna in relation to 'cannabis and cannabinoids.' The 'health solutions' completes the full meaning and general mission of the Company to provide the wellness solutions using the full spectrum of legal cannabis and cannabinoid extract based products," stated Dr. Dorothy Bray, President of OmniCanna Health Solutions, Inc.
About OmniCanna Health Solutions, Inc.
OmniCanna Health Solutions, Inc. is currently developing new natural cannabis-based products based on innovative formulations to utilize the unique and potent benefits of the cannabis and hemp plants. Medicinal properties of cannabis and hemp have been known and applied for thousands of years. With the aid of scientific research, OmniCanna Health Solutions is translating such knowledge into development of effective cannabinoid formulation-based health and wellness solutions as well as cosmeceutical, nutraceutical, and food brands throughout the world. The Company's health and wellness, nutritional, and cosmetics lines will address personal needs and will evolve with the introduction of new formulations and products, advancing the Company within the expanding multibillion-dollar global market.
Forward Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based drugs and products. The Company does not undertake any duty nor does it intend to update the results of these forward-looking statements.
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