USMJ and PURA Market Cap Appreciation Potential Enhanced By American Cannabis Innovations Deal
June 09 2017 - 9:55AM
InvestorsHub NewsWire
Dallas, TX – June 9, 2017
– North American Cannabis Holdings, Inc. (USOTC:
USMJ) and Puration, Inc. (USOTC: PURA)
are both now majority controlled by American Cannabis Innovations
Conglomerated (ACI). ACI acquired USMJ and
PURA as the first of five planned acquisitions in a roll-up of
publicly traded cannabis enterprises. A key component of
ACI’s strategy is to acquire companies with an undervalued market
capitalization and to release the full appreciation potential of
the acquired companies. To do so, ACI will streamline
operations that are redundant across the acquired companies,
improve the caliber of funding terms to grow operations, and build
a highly reputable consolidated brand recognition around the
acquired operations that can contribute to accelerated sales and
overall investor confidence.
Steven Rash, CEO of ACI and USMJ Statement On Market Cap
Enhancement Potential
“Washington shenanigans have stolen the spotlight from shinning on
the economic growth potential that truly ‘Makes America
Great,’ said Steven Rash, CEO of ACI and USMJ. “The
American Dream is built on the opportunity for all
to contribute to and benefit from economic prosperity. The
kind of economic prosperity that continually fuels the American
Dream comes from fresh, new enterprises that fill economic voids
building businesses were businesses have never been built
before. The new legal cannabis industry, where a short while
ago no such industry existed, epitomizes the essence of the
American Dream. Renewable Energy solutions like those
possible through the expanse of the Lithium
industry to include new mining and new technology enterprises is
another example of the type of industry that fuels the American
Dream. Blockchain technology that enables
cryptocurrency controlled by no government is one more
example. And all of these American Dream essential
enterprises are currently shadowed by the boisterous, unprecedented
and counterproductive infighting of the US Federal
Government. I’m betting the US Government will soon be taking
a summer holiday and the real business of entrepreneurial America
will be back in the spotlight. A little less Trump
and a little more Marijuana, Lithium and Blockchain.
Once the Government goes on holiday, I anticipate the potential of
ACI’s strategy for USMJ and PURA to be fully revealed.”
USMJ and PURA Upward Revenue Revisions and Recent Debt
Eliminations
USMJ and PURA both published revised revenue forecast targets that
included substantial increases to anticipated revenue based on the
operational and investment structure changes coming with the ACI
deal. USMJ and PURA have also both recently announced
substantial convertible debt eliminations that came with the ACI
deal.
Learn More About PURA:
purationinc.com
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.
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 Aug 2024 to Sep 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Sep 2023 to Sep 2024