USMJ with KALY and WCVC Target Intersection of $16B CBD Sector and $9.5B Plant Based Protein Sector
June 28 2019 - 9:00AM
InvestorsHub NewsWire
Dallas, TX -- June 28, 2019 – North
American Cannabis Holdings, Inc. (USOTC:
USMJ) (“USMJ”) and Kali-Extracts (aka Kali, Inc.) (USOTC:
KALY) (“KALY”) today released a presentation on their plans to
introduce a meatless hamburger infused with CBD in partnership with
West Coast Venture Group, Corp.
(WCVC)
(“WCVC”). The full narrative of the presentation can be found
below and the online presentation can be found at www.usmj.com/meatless-cbd-burger.
CBD Infused
Meatless Hamburger ROI Potential
WCVC is already a market recognized leader
in healthy and holistic food. The company was named a Rising Star in the healthy and holistic market
earlier this week and the same article suggested how Bloomin’
Brands, Inc. (NASDAQ: BLMN) could catch up to WCVC. The
healthy and holistic menu at WCVC’s Illegal Burger Restaurants
includes burgers made with all-natural
beef that is never frozen and all if it is sourced from suppliers
who use no antibiotics or growth hormones. Those seeking
plant-based options are also well-served given that Illegal
Burger’s Vegan Burger won a Denver Top Ten Vegan
Burger award.
The company is well past
start-up phase with over $3 million in annual
sales.
WCVC is poised to capitalize on the plant
based protein alternatives market that has recently caught
investors’ attention with the recent IPO of Beyond Meat (NASDAQ:
BYND). Meatless burgers are in. While clearly already a
leader in the healthy and holistic food sector, WCVC has one more
differentiator to bring to the meatless hamburger
sector.
Late last year WCVC entered into a
partnership with USMJ. USMJ spun its cannabis themed
restaurant off last fall to capitalize and expand the initiative in
a partnership with WCVC.
USMJ CEO Steven Rash currently serves as the CEO of
both USMJ and the USMJ cannabis themed restaurant
spinoff.
In turn, USMJ is partnering with KALY, the
owner and operator of a US Patented Cannabis Extraction
Process. KALY is currently utilizing its cannabis extraction
expertise in the development of pharmaceutical products.
While the introduction of pharmaceutical products is a long-term
process, KALY is developing a number of more immediately commercial
CBD extract products. Adding to the list of KALY extract
products will be working with USMJ to develop a CBD infused plant
based protein burger for introduction through USMJ’s partnership
with WCVC. The first CBD infused plant based protein burger
is expected to be introduced later this
summer.
Forbes reports that the CBD market is expected
to reach $16 billion by 2025. At the same time, Mordor Intelligence expects the plant based
protein market to reach $9 billion by 2024. The USMJ and KALY
approach with WCVC is uniquely positioned to target the
intersection of these tow multi-billion
markets.
To learn more
visit www.USMJ.com
and www.GrowUSMJ.com.
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. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any
disease.
Steven
Rash
CEO
North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
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