USMJ and PURA Confirm Respective Dividend Distribution Commitments
March 14 2019 - 10:08AM
InvestorsHub NewsWire
USMJ and PURA Confirm Respective
Dividend Distribution Commitments
Dallas, TX -- March 14, 2019 --
InvestorsHub NewsWire -- North American Cannabis Holdings, Inc.
(USOTC:
USMJ) (“USMJ”) and Puration Inc. (USOTC:
PURA) (“PURA”) today confirmed that their two separate dividend
distributions plans, each in conjunction with recent, respective
subsidiary operation sales, are still on track. USMJ and PURA
are sister companies sharing the same majority shareholder, ACI
Conglomerated. In the fourth quarter of 2018, USMJ sold its
AmeriCanna Cafe Restaurant business to an independently listed
public holding company as part of a strategy to support the
restaurant business with a dedicated public equity. The
independently listed public holding company is Priority Aviation
(USOTC:
PJET). The transaction between USMJ and PJET includes a
name change for PJET and a dividend of PJET shares to USMJ
shareholders. Similarly, PURA sold its cannabis cultivation
subsidiary to Nouveau (USOTC:
NOUV). The PURA and NOUV transaction also includes a
dividend of NOUV shares to PURA shareholders. The execution
of the dividends is taking longer than anticipated, but the plans
have not changed. USMJ and PURA plan to release a joint
shareholder update to be published online next Tuesday, March
19th, 2019 providing more details on the current status
and progress of the two dividend
distributions.
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.
Puration, Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
Steven
Rash
CEO
North American Cannabis Holdings, Inc.
info@aciconglomerated.com
(800)-861-1350
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