USMJ - North American Cannabis Holdings Reserves 50 Million Alternet System Common Shares For Dividend Distribution
January 20 2017 - 8:42AM
InvestorsHub NewsWire
Dallas, TX – January 20, 2017 - InvestorsHub NewsWire –
North American Cannabis Systems, Inc. (USOTC:
USMJ) today announced that 50 million shares of
Alternet Systems (USOTC: ALYI) common stock has
been reserved for a dividend distribution to USMJ
shareholders. ALYI is a fully reporting
public company in the business of developing financial systems
software. USMJ is a cannabis industry public
company in the business of developing a variety of enterprise
solutions for the emerging legal cannabis sector.
ALYI To Be USMJ’s Second Stock Dividend
Distribution
USMJ has already spun-off a proprietary cannabis
extraction company into the standalone public company Puration,
Inc. (USOTC: PURA) issuing one share of
PURA common stock to every USMJ
shareholder holding 200 shares of USMJ common
stock. The dividend distribution of ALYI
stock will be USMJ’s second dividend in the
execution of USMJ’s unique business model designed
to directly connect investors with the dramatic early return on
investment (ROI) opportunities created by the fruits of cannabis
sector entrepreneurs’ labors.
More USMJ Stock Dividend Distributions Yet To
Come
To learn more about USMJ’s cannabis sector
enterprise business development model see the Company’s recently
published CANNABIS RULES
online presentation. Additional cannabis enterprise spinoffs
and dividend distributions are currently underway.
$500,000 In Current Annual Revenue And Additional Pilot
Projects In The Works
USMJ has annualize revenues today of approximately
$500,000 from the operation of its developing AmeriCanna Cafe
business. USMJ is also at this time developing a line of
cannabis infused sports and wellness supplements among other
ongoing pilot projects.
Learn More About ALYI’s Cannabis Retail Payment
Solution
Last week, USMJ and ALYI
management met in Miami where ALYI is headquartered to advance the
transaction executed between the two Companies last month resulting
in the anticipated dividend distribution of ALYI
common stock to USMJ shareholders. 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. Today, USMJ has published an online
presentation to inform shareholders of the details of the Miami
meeting:
USMJ and ALYI CANNABIS RETAIL PAYMENT
SYSTEM ROLLOUT PLANS
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
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