USMJ Announces Upward Revision Of $2 Million AmeriCanna Cafe Annual Revenue Plan
June 07 2017 - 12:03PM
InvestorsHub NewsWire
USMJ Announces
Upward Revision Of $2 Million AmeriCanna Cafe Annual Revenue Plan
And Overview Of Coming Cannabis Social Media Site
Dallas, TX - June 7, 2017 - InvestorsHub NewsWire - North American
Cannabis Holdings, Inc. (USOTC:
USMJ) today announced that American Cannabis Innovations
Conglomerated (ACI) has completed the acquisition of a controlling
interest in USMJ. ACI is a private equity backed rollup
founded to combine a variety of leading young cannabis companies
with complimentary offerings and synergistic operations. USMJ is
one of the first of five acquisitions in the cannabis sector ACI
has planned for the near future. ACI is seeking to acquire
early stage, undervalued businesses with intellectual properties
validated by market tests, and commercial or consumer sales.
ACI expects to accelerate the growth of acquired assets and improve
the operating efficiency of acquired assets by improving access to
investment, streamlining redundant functions and leveraging
complimentary functions.
Annual Revenue Target Revision Upward & New Cannabis
Social Media Site
USMJ has revised its on-demand, online business plan presentation on
the Company’s website with updates to the Company’s plan to achieve
$2 million in annual revenue from its AmeriCanna Cafe
operation. The revised plan anticipates an increase in annual
revenue with the addition of AmeriCanna Cafe food and beverage
products to be sold independently from the restaurant
operations. The Company is currently in discussions with
potential suppliers and distributors of the identified food and
beverage products. The plan also outlines the Company’s
coming Cannabis Social Media Site where cannabis entrepreneurs will
be able to interact with potential investors, and where USMJ will
from time to time make its own investments in entrepreneurial
cannabis ventures toward a future independent listing and dividend
of stock in the independent listing to USMJ shareholders.
USMJ Market Capitalization Improvements Summary – No
Reverse or Forward Split
The common stock of USMJ will remain traded on the OTC Markets with
no forward or reverse split taking place in conjunction with the
ACI transaction. ACI expects the potential for market
capitalizations of USMJ to improve by transitioning the Company
toward better investment structures, with better terms, that are
altogether better suited to the current and more mature stage of
development. For instance, USMJ has already announced a
substantial convertible debt elimination in conjunction with the
pending ACI transaction.
Learn More About
USMJ:
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.
North American Cannabis Holdings Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
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