Insider Financial Features USMJ PURA and ALYI as Cannabis Investment Focus
February 01 2017 - 10:19AM
InvestorsHub NewsWire
North American Cannabis
Holdings Inc (OTCMKTS:USMJ)
Is Today’s Cannabis Focus
By Alex
Carlson /
in Momentum Stocks, Sector Watch, Stocks
North American Cannabis Holdings Inc
(OTCMKTS:USMJ)
has become one of the most talked about names on the iHub message
boards. There’s been no shortage of press releases to fuel this
chatter and USMJ’s share price. Shares were left for dead for most
of last year and have now delivered gains of 1600% for those that
took a gamble on USMJ early on. Now that speculative volume has
picked up and more traders and investors are discovering USMJ, we
here at Insider Financial are taking a closer look to see what’s
behind the company.
We first discovered USMJ during our coverage of Puration Inc (OTCMKTS:PURA).
Last year, USMJ spun off a cannabis extraction enterprise into
Puration Inc. USMJ issued one share of PURA common stock to
every USMJ shareholder holding 200 shares of USMJ common stock.
Now the two companies are getting ready to launch EVERx CBD
Infused Bottled Water. EVERx is a new sports, fitness and wellness
nutritional supplement brand specializing in products infused with
cannabidiol (CBD). Puration licensed from USMJ the rights to
develop and market a CBD infused water. EVERx CBD Infused Bottled
Water is the first EVERx brand commercial launch. An official EVERx
CBD Infused Bottled Water product launch event is scheduled to take
place at a major industry trade show in March. USMJ CEO Steven
Rash said:
“The launch event is going to be huge, and both USMJ
and PURA have big roles to play. An amazing ensemble of smart
people and terrific organizations are coming together for what will
be a tremendous launch event. When we tell you all about the EVERx
launch event it will be crystal clear to you how USMJ and PURA fit
together and how all the hard work getting to this launch has been
worth it. EVERx is a winner and you will see it endorsed by
winners at our launch event.”
EVERx will target the growing number of recreational and
competitive athletes citing CBD for its benefits in
substantially reducing recovery times and increasing cardio output
as well as accelerating the healing process from injury and
preventing against future injury. EVERx will also target the
general consumer that is becoming more aware of
the antioxidant and neural- protective research backed
benefits of CBD.
USMJ will also be distributing 50 million shares of Alternet
Systems Inc (OTCMKTS:ALYI)
as a dividend to USMJ shareholders. The present market value of
these shares is $1.325 million. ALYI is a fully reporting
public company in the business of developing financial systems
software. 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.
USMJ also has its AmeriCanna Cafe business, which generated
$515k in revenues last year. The AmeriCanna Café sells custom
blended hemp infused coffee, cold pressed juices and smoothies in
addition to carrying raw hemp seeds and other hemp infused
foods. North American Cannabis Holdings is now launching a
campaign to franchise and license the AmeriCanna Cafe as a cannabis
themed, fast casual concept to targeted multi-brand quick-serve
restaurant operators.
In December, USMJ said that it anticipates a 50% increase in
next quarter sales compared to the current quarter. With
approximately $500,000 in annual sales and averaging $125,000 in
quarterly sales, the Company anticipates realizing an additional
$60,000 in sales from January 1 through March 31.
Currently trading with a market cap of $19 million, USMJ reported
$1 million in total assets and $2.6 million in total liabilities in
its latest quarterly financials. We expect a portion of
this debt to be converted into common shares, diluting existing
shareholders. At the end of last year, 13 billion shares were
authorized and that number just got raised to 15.5
billion. If USMJ can keep up the news flow, it will
offset this dilution. If not, expect selling pressure to take hold
as shareholders get restless. Overall, USMJ is certainly one name
to watch.
Article republished by Wall Street Corner Report - Original Article
Published By Insider
Financial
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