USMJ - North American Cannabis Holdings Announces Dividend Payment Date Scheduled Monday December 12th
December 09 2016 - 08:46AM
InvestorsHub NewsWire
Dividend Payment Is A Milestone Event Validating
Company’s Innovative Cannabis Sector Business Model
Dallas, TX – December 9, 2016 – InvestorsHub NewsWire -- North
American Cannabis Holdings, Inc. (USMJ) today announced that it has
finalized its recently declared dividend payment plan with the
Financial Industry Regulatory Authority (FINRA). USMJ’s
“Stock Dividend Payable In Another Security” was listed yesterday,
December 8th, on FINRA’s Daily List of corporate action
event’s for OTC securities. The FINRA site provides details
regarding a December 12th, 2016 issuance of one common
share of Puration, Inc. (PURA) stock for every 200 shares held of
USMJ common stock (see insert below).
“We are excited about this milestone event here at USMJ,” said
Steven Rash, CEO of North American Cannabis Holdings.” We
want to thank all the shareholders that have stuck with us on this
journey to explore and learn, and in turn build a promising new
business model connecting cannabis industry entrepreneurs with
shareholders and investors to continuously introduce brand new
enterprise opportunities within a brand new and rapidly evolving
new industry. While talk of dividends issued by small public
companies is frequent, the actual issuance of dividends is not so
frequent. The process for a small company is not
trivial. Our own process has not been without turbulence and
periodic doubts that the dividend issuance would ever be
completed. So again, thank you to all you shareholders that
stuck with us. We have more pilot projects in the works with
more dividend opportunities, and we’ve got one now here now under
our belt to give us the experience to do more, and do so more
smoothly. We also expect this first issuance to establish an
increased degree of confidence in USMJ’s business model amongst the
cannabis industry sector investment community.”
History of the PURA Stock
Dividend
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 graduating projects
off into standalone public companies. The first spinoff was
executed last year when Puration, Inc. (PURA) acquired graduating
pilot project assets from USMJ in exchange for PURA preferred
stock. A portion of the PURA preferred stock was designated
for conversion into common stock and issuance to USMJ shareholders.
Future Stock Dividends To USMJ Shareholders
USMJ considers Puration as a model for the future of North American
Cannabis Holdings with future PURA-like spinoffs and dividends to
come. A second spinoff is in the works now. On October
25th, USMJ announced entering discussions with Alternet
Systems, Inc. (ALYI) on a deal that could lead to a second spinoff
and dividend for North American Cannabis Holdings shareholders.
The two Companies have been working together since the
beginning of the year on a retail cannabis payment system
pilot.
To learn more about North American Cannabis
Holdings:
www.growusmj.com
Follow the Company on
Twitter:
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.
USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Feb 2024 to Mar 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Mar 2023 to Mar 2024