Monarch America Inc. Receives Approval and Announces Payment Date for 3-for-1 Stock Split
WESTMINSTER, CO–(Marketwired – Dec 23, 2014) – Monarch America Inc. (OTCQB: CANK) (“Monarch America” or the “Company”) (f/k/a Cannabis Kinetics Corp.) is pleased to announce that the Financial Industry Regulatory Authority (“FINRA”) has accepted the Company’s recent name change and approved the proposed 3-for-1 forward stock split previously authorized by the Board of Directors of the Company.
The payment date for the 3-for-1 stock split will be December 26, 2014. Accordingly, shareholders owning Monarch America Inc. common shares on such date will receive two (2) common shares of the Company in addition to each one (1) common share owned as of such date. Following the forward stock split, the Company will have 93,804,618 shares issued and outstanding.
The Company expects that shareholders with stock held at registered brokerage firms will have their additional shares automatically credited to their accounts without further action. Shareholders holding physical certificates will have the additional shares mailed directly to them by the Company’s transfer agent.
As of December 26, 2014, the Company also expects its common shares will officially trade under the new name Monarch America Inc. with a temporary trading symbol “CANKD” to designate the pending corporate reorganization (3-for-1 stock split). The trading symbol will remain CANKD for twenty (20) trading days after which the Company’s common shares will trade under the new permanent trading symbol “BTFL.”
Monarch America Inc. (f/k/a Cannabis Kinetics Corp.) files reports with the Securities & Exchange Commission on EDGAR and anticipates continuing to file such reports. The Company’s filings can be viewed at www.sec.gov.
Additional information regarding the Company can also be found on its website atwww.MonarchAmerica.com.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Monarch America Inc.’s (f/k/a Cannabis Kinetics Corp.) filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Monarch America Inc. files Quarterly and Annual Reports and other documents on EDGAR. We strongly urge all persons to read our filings at www.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Monarch America Inc.’s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Monarch America Inc. does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Monarch America Inc. expectations and estimates. Information on Monarch America Inc.’s website does not constitute a part of this release.
Monarch America Inc.
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