American Cannabis Innovations Conglomerated To Acquire North American Cannabis Holdings And Puration
May 04 2017 - 11:09AM
InvestorsHub NewsWire
Dallas,
TX -- May 04, 2017 -- InvestorsHub NewsWire --
American Cannabis Innovations Conglomerated (“ACI”) has
entered into a Letter of Intent to acquire the controlling interest
in both North American Cannabis Holdings, Inc. (USOTC: USMJ) and
Puration, Inc. (USOTC: PURA). ACI is a private equity backed
rollup founded to combine a variety of leading young cannabis
companies with complimentary offerings and synergistic operations
all under one roof. USMJ and PURA are the first of five
acquisitions in the cannabis sector ACI plans to announce within
the next 30 days. ACI is seeking to acquire early stage,
undervalued businesses with intellectual properties validated by
market tests, if not initial commercial or consumer sales.
ACI expects to improve the operating efficiency of acquired assets
by streaming redundant functions and leveraging complimentary
functions. ACI expects the potential for market
capitalizations of acquired companies to improve by transitioning
the acquired companies toward better investment structures, with
better terms, that are altogether better suited to their current
and more mature stage of development. Existing USMJ and PURA
management are expected to be included in the ACI management
team. ACI, USMJ and PURA plan to finalize the acquisition of
USMJ and PURA into ACI by the end of May.
“The opportunity for USMJ with ACI is huge,” said Steven Rash, CEO
of North American Cannabis Holdings. “ACI brings the type of
quality backing that can rapidly accelerate USMJ’s
growth.”
“Puration has had tremendous success with its recent EVERx launch
and is ready to launch a dozen additional products under the EVERx
brand,” said Brian Shibley, CEO of Puration. “ACI is the
answer to the product production costs required to launch the
additional products. Watch out, here we come.”
Learn More About
USMJ:
growusmj.com
Learn More About PURA:
purationinc.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.
Puration Contact:
Brian Shibley, CEO
info@purationinc.com
+1-214-937-9097
North American Cannabis Holdings Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Apr 2024 to May 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From May 2023 to May 2024