Categories
Marijuana

North American Cannabis Holdings Inc (OTCMKTS:USMJ) To Spin Off Its AmeriCanna Café Venture

North American Cannabis Holdings Inc (OTCMKTS:USMJ) is one of the companies that support the use of cannabis in fighting diseases. The company seeks to come up with top-notch applications that will simplify the lives of consumers a huge deal. It was today that the business guru spoke in relation to its plan to spin off its AmeriCanna Cafe business.

A close outlook

Several company officials have indicated their great support for company’s decision to sell out its AmeriCanna Cafe business. As a matter of fact, the deal involves the exchange for a convertible purchase note. PJET IS the one issuing it out.

PJET and USMJ intend to be quick in their move to convert the $1.5 million note. They seek to convert it into a large number of the PJET common shares.

Reports indicate that the various PJET common shares involved in the conversation exercise will be for the shareholders. They will receive them in the form of dividends but soon the two will provide further updates.

The turn of events

Puration Inc (OTCMKTS:PURA) has plans underway to purchase Telluride Health Company.This is the big name behind the manufacture of Telluride Happy Water. An official working with the company terms the drink a delicious and quite a refreshing one. It seeks to take the experience of the various cannabis consumers a notch higher.

Sources indicate that in its constitutional make up North American Cannabis Holdings has a greater level of dissolved oxygen. One can easily find the bottled water in a large number of markets around the globe.

PURA says that if all moves according to plan it will make the product available to consumers before Christmas. The company looks forward to witnessing the Happy Water lift the experience of consumers a great deal.

The president of Telluride Health Company Yasmine Acebo opined, “I’m very happy to have Telluride Health Company become part of the Puration family. Leveraging Puration’s experience in the public company arena and in producing beverages frees us up to focus on sales and marketing of Telluride Happy Water.”

By Jaime Williams

Jaime is a MBA graduate from UC San Diego and has written for MMJObserver.com for over 3 months now. She has a particular fondness for the medical marijuana industry but also likes writing on energy, consumer goods, and technology.

Leave a Reply

Your email address will not be published. Required fields are marked *

North American Cannabis Holdings Inc. (OTCMKTS:USMJ) Say There Is No Reverse Stock Split North American Cannabis Holdings Inc (OTCMKTS:USMJ) Launches Online Retail and Wholesale Cannabis Products North American Cannabis Holdings Inc (OTCMKTS:USMJ) and Puration Inc (OTCMKTS:PURA) Decides to Offer Dividend Puration Inc (OTCMKTS:PURA) And North American Cannabis Holdings Inc (OTCMKTS:USMJ) Pronounce Spinoff And Dividend Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ) Schedules Shareholders Meeting on Thursday To Update Dividend Details

Pin It on Pinterest