USMJ PURA - North American Cannabis Holdings and Puration Confirm Spinoff and Dividend Schedule
July 11 2018 - 09:35AM
InvestorsHub NewsWire
Dallas, TX -- July 11,
2018 -- InvestorsHub NewsWire -- North American Cannabis Holdings,
Inc. (USOTC:
USMJ) and Puration, Inc. (USOTC:
PURA) today confirmed the schedule of events leading up to each
company’s designated operational spinoff and corresponding
dividend. The details of the designated operations
spinning-off and the business strategy behind the spinoffs is
addressed in a recent letter to shareholders published on June
29th and available on the companies’ website. The
schedule narrative from the June 29th letter is included
here below. Management is issuing regular email updates on
the progress of the strategy and corresponding events associated
with the strategy as addressed in the letter to shareholders.
To sing up for the email updates, follow this link: https://www.aciconglomerated.com/contact/.
Excerpt From June 29th Letter To
Shareholders
“Before the end of July, we expect to announce the names of the two
target company’s for the USMJ and PURA spinoffs. In separate
announcements, also before the end of July, we expect to announce
the terms of the spinoff transactions to include how many shares of
each target company will be distributed to USMJ and PURA
shareholders in proportion to the number of USMJ and PURA shares
they own. In August, we expect to announce the anticipated
dates when shareholders can expect for the USMJ and PURA spinoff
transactions to close and when the dividends of spinoff stock will
be issued. In general, we are working toward closing the two
spinoff transactions shortly after Labor Day and executing the
dividends shortly thereafter. In the meantime, USMJ and PURA
anticipate disclosing more details on the business development
plans for the new standalone AmeriCanna Cafe and cannabis
cultivation operations, as well as the ongoing cannabis ecommerce
and cannabis beverage businesses that will respectively remain in
USMJ and PURA.”
On behalf of everyone here at USMJ and PURA, thank you for your
interest in our developing business and your vote of
confidence. We look forward to getting back to you on your
individual questions, suggestions and introductions.
For more information
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.
Steven Rash
info@aciconglomerated.com
+1-800-861-1350
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Feb 2024 to Mar 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Mar 2023 to Mar 2024