USMJ and PURA Secret Weapon To Target RMHB and POTN - City Blends New Distribution Facility
October 05 2017 - 09:03AM
InvestorsHub NewsWire
New York, NY – October 5,
2017 – North American Cannabis Holdings, Inc. (USOTC:
USMJ) and Puration, Inc. (USOTC:
PURA) trading has recently seen moderate volume and
price increases in what looks like the early stages of a building
PPS climb. A September 22, 2017 announcement by
USMJ and PURA partner,
City Blends, made with little fanfare, might be
the impetuous behind building momentum. Some investors doing
deeper research may have noticed the subtle announcement by
City Blends that looks like it could be a major
boost to USMJ and PURA business,
and them begun accumulating in anticipation that the boost to
business would become apparent later and be reflected in a
corresponding boost to share price.
In 2015, USMJ acquired a flagship City Blends
restaurant as part of a strategy to develop their
AmeriCanna Cafe concept restaurant.
USMJ later spun off a cannabis extraction business
into what is now PURA. Earlier this year,
PURA launched EVERx CBD Infused Sports
Water. Recent EVERx distribution
announcements have been in the news – like the availability of
EVERx at Drug Emporium.
On September 22, 2017, City Blends announced going
into the distribution business with the opening of a new 22,000
square foot facility in North Texas slated to open on October 1,
2017. This new distribution center just might be a secret
weapon for USMJ’s AmeriCanna Cafe business and
PURA’s EVERx distribution.
With a strong and established partner now in the distribution
business, combined with the retail AmeriCanna Cafe
strategy and the EVERx product line,
USMJ and PURA could dominate
competitors like Rocky Mountain High Brands
(USOTC:
RMHB) and Potnetwork Holdings (USOTC:
POTN).
USMJ and PURA announced earlier
this week plans to present a shareholder update on October, 17,
2017 where the companies will release details on a strategic shift
in business concentration designed to enhance shareholder
value. The following statement was included in the press
release:
Stock Technical Analysis (stockta.com) rates USMJ as
“BULLISH” and American Bulls (americanbulls.com)
recently issued a “BUY” recommendation for
PURA.
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the expectation that any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
performance requirements of the companies' contracts, the
companies' liquidity position, the companies' ability to obtain new
contracts, the emergence of competitors with greater financial
resources and the impact of competitive pricing. In the light of
these uncertainties, the forward-looking events referred to in this
release might not occur.
Source: wolfwrangler.com
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