Cann American Corp. (OTCPK:CNNA) has entered into an additional binding letter of intent to acquire 75% equity in Valkyrie Systems Inc. on November 9, 2022. Under the terms of the agreement Cann American will acquire 75 million common shares of Valkyrie Systems Inc., constituting 75% majority ownership in Valkyrie, in exchange of 10,000,000 series C preferred shares of Cann American.

The acquisition of Valkyrie systems is intended to close within ten days of the LOI.