DNA Brands, Inc. (OTCMKTS: DNAX)
FORT LAUDERDALE, FL, USA, January 26, 2022 /EINPresswire.com/ — DNA Brands, Inc., (OTC Pink: DNAX), is pleased to announce the appointment of Mr. James Canouse as the company’s new CEO and sole member of the Board of Directors.
In an outgoing statement, former CEO Adrian Mckenzie-Patasar said the following.
“During my tenure with DNA Brands since the beginning of 2016, I have had an absolute pleasure working with DNAX shareholders and creditors. the company’s toxic debt. We qualified two Settlement A offers and had the pleasure of working with some very positive people who helped position the company for the next chapter of success. I am pleased to name and continue to assist James as he brings his efforts to create shareholder value. My departure is on good terms with DNA Brands and I am resigning knowing that I have positioned the company well for future success. That being said , I will now focus on my other projects. It’s a win-win situation for all, and I wish James all the success in the world.
Mr. Canouse made the following statement.
“First, let me start by thanking former CEO Adrian McKenzie-Patasar, for all of his hard work and efforts to keep the company in good standing over the past 6 years. I’ve held leadership positions in other OTC companies and I’m aware of all the hurdles we have to jump through from time to time. We wish Adrian the best in his future endeavours, and look forward to his continued success during this transition period and beyond. ”
Going forward, the DNA Brands team will continue to evaluate its current portfolio of assets and explore new opportunities to create shareholder value.
Mr. James P. Canouse, 53, has over twenty-eight years of capital markets experience with publicly traded and private entities. Most recently, Mr. Canouse served as Executive Vice President of Here to Serve Holding Corp., where he was instrumental in the acquisition and deployment strategy of select waste management companies in the Midwest. Previously, Mr. Canouse was involved in various ventures in the investment banking industry, including Senior Director of Investment Banking at JPC Capital Partners, Inc., where Mr. Canouse was responsible for Valuation, executing and monitoring the company’s investment activities. Prior to joining JPC Capital, Mr. Canouse worked as Senior Vice President of Sales at International Assets Advisory Corp. Additionally, Mr. Canouse is currently the General Manager of a family entertainment company based in Alpharetta GA. Mr. Canouse holds a BBA in Finance from Stetson University.
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical facts included in this presentation are forward-looking statements. These statements relate to analyzes and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. These statements also relate to our future prospects, developments and business strategies. These forward-looking statements can be identified by the use of words and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, ” may”, “plan”, “predict”, “project”, “target”, “will” and similar terms and expressions, including references to assumptions. However, these words are not the exclusive means of identifying such statements. Although we believe that our plans, intentions and expectations reflected or implied by these forward-looking statements are reasonable, we cannot assure you that we will achieve such plans, intentions or expectations. All forward-looking statements are subject to risks and to uncertainties which may cause actual results to differ materially from those we expected or which may not be achievable.
The Company’s business and prospects should be viewed in light of the risks, expense and challenges frequently encountered by businesses working with new and rapidly evolving technologies such as blockchain. These risks include, but are not limited to, an inability to create a viable product and the risks of issuing tokens. In addition, the Company’s business contemplates participating in a highly regulated space of cannabis finance and associated customer data and therefore may face regulatory and enforcement challenges, particularly in light of the novelty of the concept. The Company cannot assure you that it will be successful in meeting these risks, and our failure to do so could have a material adverse effect on our business, financial condition, results of operations and prospects. There can be no assurance as to whether or when (if at all) the Company will achieve profitability or liquidity. The forward-looking statements included in this press release speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, unless otherwise stated.
SOURCE: DNA Brands Inc.