Welcome!

News Feed Item

CannaMed Announces Name Change and Trading Symbol Change

The Company has changed its name from "CannaMed Corporation" to "Chuma Holdings, Inc." Our new stock symbol is "CHUM."

LOS ANGELES, Aug. 29, 2014 /PRNewswire/ -- Chuma Holdings, Inc. (OTCBB:CHUM) (the "Company"), an entity providing both financing alternatives and turnkey support services for the lawfully organized cannabis industry, is pleased to announce that FINRA processed and approved the Company's name and symbol change request. Effective today, August 29, 2014, CannaMed Corporation will be known as Chuma Holdings, Inc.

The name change was accomplished through a merger with the Company's wholly-owned subsidiary, Chuma Holdings, Inc., that is effective as of today, August 29, 2014.  CannaMed Corporation is the surviving entity in the merger, but it will continue with the new name and ticker symbol. Only the Company's name was changed in the Articles of Incorporation.

Symbol Change

In connection with the name change, FINRA has assigned the Company a new symbol, "CHUM." The new CUSIP number is 171326101.

Purpose of Name Change

"When we initially chose the name CannaMed we were targeting the Nevada marketplace. However, since changing our scope to operate nationwide, and arriving in the California markets, it came to our attention that there is a private company in the cannabis sector with the CannaMed name, operating prior to ourselves.  In order to avoid confusion between this great company and ourselves, we engaged with our marketing and legal teams to assist us in rebranding the Company," stated Mr. Jordan Shapiro, CEO of Chuma Holdings Inc.

Mr. Shapiro continued, "we are pleased to announce the new name of our brand, Chuma.  Chuma means 'fantastic' and 'unbelievable'. This aligns perfectly with our Company's vision; which is to make the cannabis industry a better place to work for our clients.  We will continue striving to create a better environment in which our clients can build their operations and empower their patients. We are very excited to bring the Chuma brand to market in the coming weeks."

About Chuma Holdings Inc.
Chuma Holdings is a public company quoted on the OTCBB as CHUM. Prior to August 29, 2014, our name was CannaMed Corp. and our ticker symbol was MDMJ. Along with our wholly-owned subsidiaries, we provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry. We provide "seed to sale" turnkey business services including:

  • Funding and Financing Solutions
  • Compliance Consulting Solutions
  • Collective, Dispensary and Retail Solutions
  • Commercial Production and Equipment Build Out Solutions
  • Banking and Payment Processing Solutions
  • Multichannel Supply Chain Solutions
  • Management, Branding, Marketing and Sales Solutions
  • Research and Development Solutions
  • Consumer Product Solutions

Our experienced management team has a combined thirty-two years of successful experience in the legal cannabis industry in California, and we are currently generating revenue from existing financing and service solutions. Chuma is expanding throughout California and bringing its array of services to each new state that legalizes the use of cannabis. At this time, Chuma does not grow, process, own, handle, transport, or sell marijuana. As the legal environment changes in California and elsewhere, management may explore business opportunities that involve ownership interests in dispensaries and growing operations. For more information, please visit www.CannaMedCorp.com.

Safe Harbor Statement
This release contains "forward-looking statements" that include information related to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of Chuma to secure appropriate funding to implement its business plan, the demand for Chuma's services, Chuma's ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in Chuma's filings with the United States Securities and Exchange Commission. Chuma undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CannaMed Corporation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
I’m going to cry tonight, long and hard. I’ll do so as I remember and mourn Jeremy Geelan. I knew Jeremy for almost 20 years, from the time he showed up one day at Cloud Expo’s headquarters in Bergen County, New Jersey, and went to work. The show wasn’t called Cloud Expo then, of course – it was still known as Java Edge, a pioneering event that grabbed developers, architects, and enterprise IT users alike for twice-yearly confabs. Jeremy didn’t have a job there, or even a job offer. He was s...