USMJ Announces Initial Currency Offering Plans For Blockchain Secured Cryptocurrency Backed By Cannabis Securities
August 01 2017 - 9:00AM
InvestorsHub NewsWire
DALLAS, TX – August 1,
2017 - North American Cannabis Holdings, Inc. (USOTC:
USMJ) commonly known as “USMJ” today
announced plans for an Initial Currency Offering (ICO) of a
Blockchain Secured Cryptocurrency. USMJ recently acquired a
financial system from Alternet Systems, Inc. (USOTC:
ALYI). USMJ is a serial cannabis industry
enterprise launch platform that has numerous cannabis businesses
under development. USMJ notably launched Puration, Inc.
(USTOC:
PURA), a cannabis extraction company operating a U.S.
patented extraction process, and the AmeriCanna Cafe generating
over $500,000 in annual revenue for USMJ. The Company has
been piloting a cannabis financial services business with ALYI’s
technology and now plans to introduce a cannabis sector specific
Blockchain Secured Cryptocurrency.through an ICO later this
year.
USMJ plans to back the cannabis sector Cryptocurrency with a
cannabis investment portfolio. The investment portfolio will
be built in conjunction with the strategy behind the American
Cannabis Innovations Conglomerated (ACI) recent acquisition of a
controlling interest in USMJ. ACI is a private equity backed
rollup founded to combine a variety of leading young cannabis
companies with complimentary offerings and synergistic operations.
USMJ is one of the first of five acquisitions in the cannabis
sector ACI has planned for the near future. ACI is seeking to
acquire early stage, undervalued businesses with intellectual
properties validated by market tests, and commercial or consumer
sales. ACI expects to accelerate the growth of acquired
assets and improve the operating efficiency of acquired assets by
improving access to investment, streamlining redundant functions
and leveraging complimentary functions.
The cannabis securities backed Cryptocurrency strategy includes
USMJ launching a Cannabis Social Media Site where cannabis
entrepreneurs will be able to interact with potential investors,
and where USMJ will from time to time make its own investments in
entrepreneurial cannabis ventures toward a future independent
listing and dividend of stock in the independent listing to USMJ
shareholders.
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.
North American Cannabis Holdings Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
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