USMJ and ALYI Management To Meet In Miami This Week To Take Next Steps Rolling Out Cannabis Retail Payment System
January 10 2017 - 8:11AM
InvestorsHub NewsWire
North American Cannabis Holdings and Alternet Systems
Management To Meet In Miami This Week To Take Next Steps Rolling
Out Cannabis Retail Payment System
Dallas, TX – January 10, 2017 - InvestorsHub NewsWire – North
American Cannabis Systems, Inc. (USMJ) today
announced management meetings taking place this week in Miami with
Alternet Systems, Inc. (ALYI) to advance the
transaction executed between the two Companies last month.
Specifically, on December 20, 2016, USMJ and
ALYI announced a share exchange agreement between
the two companies structured to launch a cannabis retail payment
system to be offered by ALYI:
North American Cannabis Holdings and
Alternet Systems Enter Cannabis Retail Payment System Sector
Anticipated To Ring $50 Billion In Sales By 2026
The meetings this week are intended to facilitate specific next
steps leading to the execution of the cannabis retail payment
system business plan in addition to the contractual exchange of
securities, one of which is intended to result in a dividend
distribution of ALYI common stock to
USMJ shareholders. The two management teams
expect to publish a joint shareholder presentation next week
following this week’s meetings.
USMJ recently published an online shareholder
update following the transaction with ALYI. The
presentation is available on the Company’s websites and by clicking
on the link below. The presentation is titled:
MARIJUANA
RULES
ALYI Financial Software Development Track
Record
Alternet has a long-term track record in developing innovative
financial services industry software solutions. The company
is guided by a team of executives specializing in entrepreneurial
endeavors, innovation, corporate strategy, financial and executive
management of multi-national organizations, and a vast network of
industry resources. Alternet recently developed a unique
financial services solution which was successfully sold allowing
the Company to realize a 47% ROI.
To learn more about North American Cannabis
Holdings: growusmj.com
Follow the Company on
Twitter:
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
Email: Info@growusmj.com
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Mar 2024 to Apr 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Apr 2023 to Apr 2024