USMJ Amazon of Cannabis Business Plan And Upcoming Shareholder Dividend Rapidly Advance
June 20 2018 - 9:05AM
InvestorsHub NewsWire
Dallas, TX -- June 20, 2018 -- InvestorsHub
NewsWire -- North American Cannabis Holdings, Inc. (USOTC:
USMJ) and Puration, Inc. (USOTC:
PURA) recently published a shareholder update presentation detailing a
major strategic update that includes a USMJ spinoff and dividend
distribution of spinoff stock to USMJ shareholders as well as a
PURA spinoff and dividend distribution of spinoff stock.to PURA
shareholders. Management has identified and reached agreement
in principle with a target, independently listed public company to
exchange USMJ’s AmeriCanna Cafe business operation for a majority
stock interest in the independently listed public company. A
portion of the stock in the independently listed public company
will be issued in a dividend distribution to the shareholders of
USMJ. An announcement revealing the target
independently listed target company is scheduled for July 3,
2018. A similar transaction with a separate
independently listed public company is in the works for PURA where
PURA will exchange its cannabis cultivation operation in exchange
for a majority stock interest in the target independently listed
public company and likewise distributed a portion of the acquired
stock to the shareholders of PURA.
Highlights From Recent USMJ and PURA Shareholder
Presentation
“USMJ Management has developed a strategy to
enter a new line of business well suited to USMJ’s history and at
the same time, spinoff USMJ’s AmeriCanna Cafe restaurant operations
into a standalone publicly listed company in a transaction to
include a dividend issuance of stock from the independently listed
restaurant company to the shareholders of USMJ … USMJ’s primary
business operation moving forward will be ecommerce … The vision
for the company is to become the Amazon of
cannabis.”
“Last year, PURA introduced EVERx CBD Infused
Sports Water as an evolution of the company’s cannabis extraction
business … PURA has recently designed a THC infused beverage named
THCSavor … In a strategy to extend the company’s extraction
business upstream into cultivation, PURA acquired a grow operation
last year and recently acquired an additional cultivation business
in Canada … PURA management now plans to spinoff its cultivation
business into a standalone, independently listed company and
concentrate PURA’s ongoing operations on expanding its cannabis
infused beverage business.”
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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