North American Cannabis Holdings and Puration Evaluate Unsolicited Acquisition Proposal
April 03 2018 - 10:40AM
InvestorsHub NewsWire
Dallas, TX -- April 3, 2018 -- InvestorsHub
NewsWire -- North American Cannabis Holdings (USOTC:
USMJ) and Puration (USOTC:
PURA), today released a shareholder update in conjunction with
the closing of the first quarter of 2018 and the pending release of
PURA’s annual report. A statement from the combined
management of the two companies follows:
North American Cannabis Holdings and Puration
have been working together on a strategic acquisition in Canada and
a second strategic acquisition in California. The two
acquisitions are intended to enter USMJ and PURA into the legal
recreational marijuana markets of Canada and California.
Specifically, through the acquisitions, USMJ plans to establish a
branded marijuana grow operation and PURA plans to establish local
extraction operations and introduce new cannabis infused
beverages. At the same time the two companies are finalizing
details on the two acquisitions, their respective current
operations are realizing major milestones. USMJ’s concept
cannabis restaurant operations continue to grow, fast approaching a
million-dollar annual revenue benchmark, and with a new flagship
location opening on the horizon. PURA’s EVERx CBD Infused
Sports Water sales are also growing with recently added new retail
outlets and a national distribution contract pending. On top
of the pending California and Canadian acquisitions and expanding
organic operations, the restaurant and beverage operation successes
have recently attracted an unsolicited acquisition proposal.
Management is evaluating the proposal for its potential to
accelerate growth and enhance shareholder value. Shareholders
can expect a thorough update on the Califonria and Canadian
acquisitions, the new retail outlets and the pending national
distribution contract for EVERx, and the recent acquisition
proposal following the filing of PURA’s 2017 annual
report.
For more information on North American Cannabis
Holdings and Puration, visit http://www.aciconglomerated.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.
For More Information, Contact:
Steven Rash
info@aciconglomerated.com
1-800-861-1350
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