Cann American Corp. (OTCPK:CNNA) entered into an agreement to acquire Cannequipt, LLC from Patrick King for $0.04 million on May 15, 2019. The consideration will be paid by the issue of 10 million shares of Cann American Corp. Cann American Corp. (OTCPK:CNNA) completed the acquisition of Cannequipt, LLC from Patrick King  on August 1, 2019.