USMJ and PURA Engage Third Prominent Cannabis Sector Public Company in Restaurant and Infused Food and Beverage Strategy
September 22 2016 - 8:51AM
InvestorsHub NewsWire
Dallas, Texas – September 22, 2016 – North American Cannabis
Holdings, Inc. (USMJ) and Puration, Inc. (PURA) today announced
having engaged a third publicly traded company in the development
of strategic plans to introduce a cannabis themed restaurant chain
and cannabis infused food and beverage business within the State of
Colorado. The third company and potential new partner is
already a prominent contender within the cannabis sector.
Cannabis Enterprise Startups Through Pilots and
Spinoffs
USMJ entered the cannabis sector in 2013 with a strategy to pilot
various cannabis sector enterprises. The Company planned to
facilitate the financing necessary to expand successful pilot
projects by spinning projects off into standalone public
companies. PURA is the first spinoff.
Market and Capital Expansion Through Strategic
Partnership
With optimism for the cannabis sector not yet having quite bridged
from enthusiasm-for-a-promising-potential-future
to momentum-toward-a-foreseeable-emerging-market,
USMJ and PURA management are adding strategic partnerships with
existing cannabis sector companies to the existing spinoff strategy
in order to bridge the gap from enthusiasm to
momentum.
Last year USMJ acquired a fitness cafe as a foundation for piloting
a cannabis themed cafe and restaurant. USMJ recently entered into a
licensing agreement to roll out its AmeriCanna Cafe restaurant in
Colorado:
North American Cannabis Holdings
Enters $20 Billon Market Signing Initial $1 Million License
Agreement with Rocky Mountain High Restaurant
Group
PURA has refined a proprietary cannabis extraction process and
executed its first agreement to infuse its extracts into food and
beverages to be marketed in Colorado:
The consummation of the contemplated agreement with the prominent
cannabis sector public company that is the subject of this press
release would both expand the market potential of both USMJ and
PURA’s opportunities and improve access to capital.
To learn more
about Puration: http://www.purationinc.com
Follow Puration
on Twitter: https://twitter.com/Puration710
Visit Puration
on Facebook: https://www.facebook.com/puration/
To learn more
about North American Cannabis Holdings: http://www.growusmj.com.
Follow the
Company on Twitter: https://twitter.com/US_HEMP
This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and as such, may involve risks and uncertainties.
These forward looking statements relate to, amongst other things,
current expectation of the business environment in which the
company operates, potential future performance, projections of
future performance and the perceived opportunities in the market.
The company's actual performance, results and achievements may
differ materially from the expressed or implied in such
forward-looking statements as a result of a wide range of
factors.
Puration
Contact:
Brian Shibley, CEO
info@puraitoninc.com
+1-214-937-9097
USMJ
Contact:
Steven
Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
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