USMJ Reports 23% Revenue Growth To Over $1 Million With Nearly 10% Net Profit
Dallas, TX -- October 15, 2019 -- InvestorsHub NewsWire -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today announced reporting $1,059,471 in revenue for its fiscal year end June 30, 2019 compared to $858,175 for the previous year end. The revenue for USMJ increased 23% from 2018 to 2019. USMJ also reported $96,220 in net profit for the year ended 2019. Much of the growth is attributed to USMJ’s new eCommerce site, www.USMJ.com selling a variety of CBD products and cannabis essentials. USMJ eCommerce sales include EVERx CBD Sports Water from Purtion, Inc. (USOTC: PURA) and Hemp4mula candies from Kali-Extracts (USTOC: KALY). On Friday, October 18th, 2019, USMJ management plans to publish a comprehensive update on the companies year to year performance and plans for the 2020.
To learn more visit www.USMJ.com and www.GrowUSMJ.com.
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.
CEO North American Cannabis Holdings, Inc.