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
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
Docker containers have brought great opportunities to shorten the deployment process through continuous integration and the delivery of applications and microservices. This applies equally to enterprise data centers as well as the cloud. In his session at 20th Cloud Expo, Jari Kolehmainen, founder and CTO of Kontena, discussed solutions and benefits of a deeply integrated deployment pipeline using technologies such as container management platforms, Docker containers, and the drone.io Cl tool. H...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
Connecting to major cloud service providers is becoming central to doing business. But your cloud provider’s performance is only as good as your connectivity solution. Massive Networks will place you in the driver's seat by exposing how you can extend your LAN from any location to include any cloud platform through an advanced high-performance connection that is secure and dedicated to your business-critical data. In his session at 21st Cloud Expo, Paul Mako, CEO & CIO of Massive Networks, wil...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.