International Cannabrands Inc. (formerly GEA Technologies Ltd.), licenses the JuJu Royal Ultra Premium Cannabis brand to producers and processors to develop branded strains of cannabis, infused and edible cannabis consumables, as well as ancillary products such as clothing, paraphernalia, posters, and other products. JuJu Royal is a brand created for and inspired by Julian Marley, Reggae Musician and son of the World Renowned Bob Marley. The brand leverages the natural connection between the artist, Julian Marley, reggae music, and cannabis which the Company believes will allow it to capture a significant share of the branded cannabis market.
The total outstanding does not include 1,570,422 of the 1,836,628 Preferred Shares issued that are convertible into 157,042,200 Common Shares, as these Preferred Shares are held by U.S. residents and there are restrictions on the ability to convert depending upon the percentage held by U.S. residents.
The holders of Preferred Shares are entitled to receive notice of and to attend and vote at all meetings of the shareholders of Common Shares and each Preferred shareholders shall have the right to one vote for each Common Share into which such Preferred Share could then be converted (one hundred (100) Common Shares) in person or by proxy at all meetings of the shareholders of the Company. Please see Section 10 Description of the Securities in the Form 2A Listing Statement.