USMJ - North American Cannabis Holdings Targets What CBS News Reports As Merger Madness In Canadian Cannabis Industry
December 01 2017 - 9:09AM
InvestorsHub NewsWire
Dallas, Texas -- December
1, 2017 -- InvestorsHub NewsWire -- North American Cannabis
Holdings, Inc. (USOTC:
USMJ) today announced expanding its merger and acquisition
sites beyond the previously announced negotiations to
acquire an established medical marijuana dispensary in
Canada.
“A nationwide legal recreational market in Canada is going to move
the cannabis industry forward by leaps and bounds,” said Steven
Rash, CEO of North American Cannabis Holdings. “When the US
legalizes recreational marijuana nationwide, the companies that
have the momentum from being established in Canada will have a
significant leg up on dominating the opportunity in the US.
We have a good start with the first dispensary acquisition under
negotiation. We’re not stopping there. We expect to see
major consolidation in the Canadian marijuana industry and we’re
starting to develop a consolidation pipeline of our own.”
CBS News recently reported on the cannabis consolidation activity
in Canada in an article tiled “Merger madness: Canada’s marijuana
industry enters consolidation phase.” The article
highlights a study by Ernst & Young on the consolidation
industry and features ongoing high-profile merger activity to
include the Aurora Cannabis (ACBFF)
hostile bid to takeover CanniMed Therapeutics (CMMDF),
and in turn, CannidMed’s bid to takeover NewStrike Resources
(NWKRF).
The article reports that Bruce Linton, the CEO Canopy
Growth (TWMJF)
told Ernst & Young that he expects the number of cannabis
companies to narrow. "Over the long term, I see an industry
with two or three major, relevant players and bunch of craft
producers."
Learn more about USMJ, its parent company, ACI, and ACI’s other
holdings to include PURA by visiting: 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.
ACI, USMJ and PURA contact info:
Steven Rash
info@aciconglomerated.com
+1-800-861-1350
https://www.aciconglomerated.com/contact/
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