GoIP Global Name Change to GoCanna Global Corporate Updates

New York, NY, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GoIP Global Inc. (OTC Pink: GOIG) announced today, that after much due diligence regarding the previously announced CubeIT merger, GoIP’s management has determined that the merger is premature at this time. Cubeit Corp is still in the final stages of construction and testing, and management feels its best at this point to wait until the final product build and then revisit any potential merger.

The company additionally announced that, after immersing itself in the Cannabis industry over the last few months, it has identified multiple opportunities of far greater significance for our shareholders. The company has filed with Delaware for a name change to GoCanna Global; our new website is under construction at . In addition to agreeing to resell the Cubeit Grow Pods when ready, GoCanna has entered into a dealer agreement with CannaPods,  which holds 3 patents for their unique grow pods. This agreement is expected to yield immediate revenue.

Further, the company is in negotiations with several international entities for the purpose of securing exclusive cultivation and distribution rights for Cannabis in these legal markets. The negotiations are mature and we expect to be able to finalize terms shortly.

Ike Sutton, GoIP’s CEO, stated, “Over the last several months our relationships within the industry have grown significantly and opportunities have presented themselves on several fronts; certainly the market for controlled grow containers, with year-round growing environments for the Cannabis industry is in its infancy, making it very lucrative that we shall pursue. However, during my recent travels to Europe and Africa I have identified several incredible opportunities for GOIP and our shareholders in the cannabis space on a larger scale. I’m working diligently on these opportunities and hope to be able to have agreements very soon. These opportunities will be far less dilutive to our shareholders with far greater upside, in addition to our existing sales efforts within the Grow Pod segment. I’m very excited for the future of our company, and will look to make GoCanna a very relevant company in the industry.”

GoIP Global will have a shareholder Conference Call on January 31, 2019, 8:30AM Eastern Time, Dial In 1-917-962-0650 (1-647-478-7145 Canada).

Conference Code 676-918.

About GoCanna Global Inc.

GoCanna Global Inc will engage in acquiring Hemp and Cannabis cultivation & export licenses, offering top tier management and developing partnerships for supply chain sales, and worldwide logistics pipelines.  For more information see .

Safe Harbor Statement Information in this news release may contain statements about future expectations, plans, prospects or performance of GoIP Global, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. GoIP Global, Inc. cautions you that any forward-looking information provided by or on behalf of GoIP Global, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. GoIP Global, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond GoIP Global, Inc.'s control. In addition to those discussed in GoIP Global, Inc.'s press releases, public filings, and statements by GoIP Global, Inc.'s management, including, but not limited to, GoIP Global, Inc.'s estimate of the sufficiency of its existing capital resources, GoIP Global, Inc.'s ability to raise additional capital to fund future operations, GoIP Global, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match GoIP Global, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. GoIP Global, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.