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

 

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