USMJ Family of Companies Anticipate Dramatic Growth with Legalized Hemp Farming
December 10 2018 - 10:43AM
InvestorsHub NewsWire
USMJ Family of Companies Anticipate
Dramatic Growth with Legalized Hemp Farming
Dallas, TX. -- December 10, 2018
-- InvestorsHub NewsWire -- North American Cannabis Holdings, Inc.
(USOTC:
USMJ) (“USMJ”) today released a letter from its CEO
and Chairman discussing the potential for the overall cannabis
industry to be realized from the 2018 Farm Act that includes, as
drafted, the legalization of hemp farming. The letter is
intended for all with an interest in the U.S. cannabis industry and
specifically for those invested in any of the USMJ family of
companies. Steven Rash, CEO and Chairman of USMJ is also one
of its founders. USMJ entered the U.S. cannabis sector in
2013 with an entrepreneurial strategy to explore and investigate
cannabis enterprise opportunities. Over the last five years,
that entrepreneurial strategy has turned into five public
companies, one very profitable dividend payout, two pending
dividend payouts, a leading CBD infused beverage, a concept
cannabis themed restaurant, a recognized cannabis industry brand
name (USMJ), a patent for cannabis extraction, a revenue producing
facility for cannabis cultivation, and over a dozen additional
incubating cannabis enterprise ventures. The shareholders of
USMJ as well as the shareholders of Puration (USOTC:
PURA), Priority Aviation, (USOTC: PJET),
Nouveau (USOTC: NOUV), and Kali, (USOTC:
KALY) will be particularly interested in Mr. Rash’s
letter. His letter is included in its entirety
below.
Dear Legal Cannabis Industry
Enthusiasts –
Some of you are enthusiast because
you enjoy cannabis recreationally, legal or not, and strongly
believe the prohibition of cannabis is ridiculous and should be
rescinded. Others of you are investment enthusiasts and are
attracted to the explosive return-on-investment (ROI)
opportunity. Some of you, like myself, are advocates for the
industry because cannabis, in one shape of form or another, has
medicinally helped someone you care about. And still others
are enthusiastic about the multitude of benefits to our economy and
the environment that can be realized through the legalization of
hemp farming in the United States. We are imminently
approaching a landmark event, not just in the history of cannabis,
but in global economics. All factors seem to be aligned for
the pending 2018 Farm Act to include the legalization of hemp
farming.
The legalization of hemp farming
will bring a sweeping and comprehensive impact to numerous
industries to include farming, pharmaceuticals, construction, and
energy – to name only a very few. The economy and the
environment have been robbed of the benefits from hemp for nearly a
century and a massive void is about to be filled. Hemp is a
superior source of raw materials for construction, clothing, and
paper manufacturing. Hemp fiber can be used in
microprocessors and supercapacitors. Hemp grows vigorously
with little water and without the need for chemical fertilizers and
pesticides. The underlying economic benefits are
huge.
The following is what a recent
Motley Fool article had to say about the potential of the
legalization of hemp. "If the bill makes it through Congress
and is signed by President Trump, as widely expected, industrial
hemp should be legal on Jan. 1, 2019. If this occurs, the U.S.
market for hemp -- and its derivatives -- is expected to soar. The
hemp-derived CBD market is projected to rocket from about $591
million this year to $22 billion by 2022, according
to the Brightfield Group. That's a whopping 37-fold increase in
just four years!"
Keep in mind, Motley Fool is just
concentrating here on hemp-derived CBD. They haven’t touched
on the plethora of other hemp applications, let alone the benefit
to the environment. In other words, the legalization of hemp
is even bigger than how big Motely Fool indicates it to
be.
When we started USMJ back in 2013,
we did so with a spirit of an entrepreneurial explorer. We
felt the industry had no predetermined answers in regard to what
products consumers would want or what the value chain might look
like that produced those products. We’ve experimented with
far more production applications and product opportunies than those
we have currently brought to market. We have more ongoing
enterprise experiments in the works than any shareholder knows
about today. The products and processes that the USMJ family
of companies has brought to market have been thoroughly vetted and
now lead within their niche segment. The USMJ brand name
stands out in the cannabis industry. That brand name will
soon be the center of a major cannabis sector ecommerce site.
USMJ developed and spun off what is today Puration (PURA), the
leading producer of a hemp-derived CBD infused sports beverage
called EVERx. The work with EVERx advanced by a patented
cannabis extraction process which is today housed under the company
Kali-Extracts (KALY). In an effort to develop high-quality
cannabis for extraction and infusion, we built or own cultivation
operation working today on the development of a proprietary
cultivar. The cannabis cultivation operation is housed under
Nouveau (NOUV). One of my favorite projects has been
the AmeriCanna Cafe. I enjoy the retail interface and the
opportunity to hear from the cannabis community first hand.
The AmeriCanna Cafe concept restaurant is now housed under the
public entity, Priority Aviation (PJET) and yes, we plan to change
the name of the public holding company. The majority interest
positions in USMJ, PURA, NOUV, and PJET are all held by ACI
Conglomerated. ACI stands for American Cannabis Innovations and in
addition to being the CEO and Chairman of USMJ, I am also the CEO
and Chairman of ACI Conglomerated. The original owner of the
cannabis extraction patent, through his company NCM Biotech, is an
individual named Frederick Ferri. We have been working with
Fred for years even before the merger of NCM Biotech into
KALY. PURA has the sole license of the patent and we
consider, Fred and KALY part of the family. We formalized our
relationship with Fred and KALY through the US Cannabis Health
joint venture between PURA, NOUV and KALI where the three companies
are working together to forge partnerships with pharmaceutical
companies and with the pharmaceutical partnership, produce new
pharmaceutical products that include cannabis
concentrates.
Through our ongoing spirit of
entrepreneurial exploration in the cannabis sector now founded on
years of experience through trial and error, the USMJ family of
companies, to include PURA, NOUV, PJET and KALY are poised to
capitalize on the imminent legalization of hemp farming with the
pending passage of the 2018 Farm Act. I strongly believe all
five companies are leaders in their own cannabis sector
niche: USMJ in becoming the Amazon of cannabis with the
pending launch of its online, ecommerce site; PURA with is cannabis
infused beverage business; NOUV with its cannabis cultivation
business; PJET with the AmeriCanna Cafe and KALY with its patented
cannabis extraction business. I anticipate the legalization
of hemp will enhance the valuation of all five companies and in so
doing, dramatically improve their access to resources to support
even greater accelerated growth than they have already
exhibited.
In closing I will reiterate and
emphasize that I believe the legalization of hemp farming as
anticipated under the pending 2018 Farm Act, is the single biggest
event yet to date to take place in the developing and evolving
legal cannabis sector. The legalization of hemp is a far
bigger event than the legalization of recreational marijuana in
Canada. The size of the hemp market dwarfs the size of the
recreational marijuana market, and the size of the United States
market overall, dwarfs the size of the Canadian market. I
think the legalization of hemp as expected under the 2018 Farm Act
is great for the entire market of entrepreneurial cannabis
enterprises in the United States and I would hold out any of the
USMJ family of companies, with their combined experiences,
expertise and living spirit of entrepreneurial leadership, as a
standout in the coming new era of the cannabis sector where hemp
farming is now legal.
Here is to the happiest of
holidays for all of us enthusiastic about a world where cannabis is
legal for all; We couldn’t ask for a much better gift than a Farm
Act that legalizes hemp farming.
Steven Rash
CEO and Chairman
USMJ and ACI
Conglomerated
www.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.
Steven
Rash
CEO North
American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
PR First Released
Friday, December 7, 2018 – See Source
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