Tag: North American Cannabis Holdings Inc. (OTCMKTS:USMJ)

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Marijuana

North American Cannabis Holdings Inc. (OTCMKTS:USMJ) Say There Is No Reverse Stock Split

North American Cannabis Holdings Inc. (OTCMKTS:USMJ) has confirmed that the company does not have any intentions of effecting a reverse stock split.

USMJ not executing a reverse stock split

The announcement to confirm that they do not have plans of doing so comes following a series of telephone call and emails seeking clarification on the details surrounding the reverse split. It seems that there was a fictitious rumor made on the stock message boards regarding the reverse split. The management of North American Cannabis Holdings has since distanced itself from commenting on what the intention of such a rumor might have been.

Speaking on the same the company CEO Steven Rash stated that the company was currently pleased with its operational performance. He indicated that the company’s cannabis sector e-commerce platform that was launched at the beginning of 2019 at www.USMJ.com has shown tremendous growth turning out to be a success. He also added that the USMJ cannabis logistics business was equally performing well, and the company is expecting the growth and success to be reflected in the stock price. The CEO asserted that they did not have any reason or value as to why they will consider completing a reverse stock split.

Agreement with Priority Aviation still in place

North American Cannabis Holding and Priority Aviation Inc. (OTCMKTS:PJET) have equally reasserted their commitment to the previous arrangement of a dividend of Priority Aviation stock to USMJ stockholders in regard to the spinoff of the North American Cannabis’ AmeriCanna Cafe business to Priority Aviation. Priority Aviation’s current principle initiative is the Colorado launch of AmeriCanna Café in collaboration with West Coast Venture Group (OTCMKTS:WCVC) which owns and operates the $3 million Illegal Burger Chain based in Colorado.

USMJ has been in the business of cannabis incubation for quite some time, and last year it changed focus cannabis logistics services. To demonstrate their capability in logistics, the company launched an e-commerce site which has seen sales grow exponentially. Some of USMJ products include EVERx CBD Sports Drink made by Puration Inc. (OTCMKTS:PURA) and Hemp4mula CBD gum from Kali Extracts (OTCMKTS:KALY).

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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.”

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Marijuana

North American Cannabis Holdings Inc (OTCMKTS:USMJ) Launches Online Retail and Wholesale Cannabis Products

North American Cannabis Holdings Inc (OTCMKTS:USMJ) has announced the launch of a new website that hosts online retail cannabis and wholesale cannabis products as well as service offerings. The company aims to support the retailers and restaurants by offering cannabis related services and products.

USMJ will also launch an online portal for the sale of cannabis related services and products to the customers. The newly introduced website also caters to the needs of wholesale customers. The company is putting in considerable efforts to increase wholesale capacity and boost sales.

North American Cannabis Holdings Inc Spins of Restaurant Subsidiary

North American Cannabis Holdings Inc has divulged plans to spin off the restaurant subsidiary to support the expansion of wholesale and retail cannabis online. The spin-off value is estimated at $1.5 million. The company will complete the spin-off by September 30, 2018.

North American Cannabis Holdings Inc Forecasts Explosive Growth in The Next 2 Years

North American Cannabis Holdings Inc is expected to report robust growth in the coming 24 months. It is anticipated to report excellent results of $140 billion by the year 2027. The proposed strategy comprises spin-off of its subsidiary AmeriCanna Cafe. The company will add additional restaurant operation to achieve the targeted growth. It also plans to sell directly to the customers by launching a new retail business.

Cannabis is useful to fight the diseases and maintain upbeat wellness. AmeriCanna Cafe allows the customers to interact with trained staff and learn more about the benefits of cannabis. The DuBe Hemp Energy drinks distribution business helps the AmeriCanna Cafe to post rapid growth.

Its product line consists of cold pressed juices, hemp infused coffee, raw hemp seeds, and smoothies. The company will also add foods and THC infused beverages to its product portfolio.

Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc Issues an Update to the Shareholders

Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc have issued a letter to the investors about the proposed spin-off of the select operations along with the issue dividend to the shareholders of USMJ and PURA. It coincides with Oklahoma legalizing the use of cannabis.

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Marijuana

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) have staged a decision for two spin-offs. Both the firms also agreed for distributing a dividend for the spin-off stocks. One dividend will be distributed to the shareholders of Puration Inc and other for the USMJ.It is on the backdrop of successes achieved by both the firms with Americanna Cafe, and EVERx CBD Infused Sports Water.

Puration Inc Decides to Spin-off Cannabis Cultivation Business

Puration Inc is planning to spin-off the cannabis cultivation business into an independent traded and a standalone company listed in both the US and Canada. As per the planned transaction, a dividend will also be distributed to the shareholders of Puration Inc for the shares in independently traded spin-off company.

Chief Executive Officer of Puration Inc., Brian Shibley said he is very happy about the announcement by President Trump on the lifting of ban on the marijuana. According to the CEO, the actual lifting of the ban will take some time.

The trend is positive for the marijuana trade in Canada. The nation is moving ahead in legalizing the recreational marijuana when compared to the US. Therefore, valuation for marijuana stocks is promising on the Bay Street when compared to the Wall-street.

The company has already taken over Canada based cannabis cultivation business and it is part of the cultivation strategy. The cultivation spin-off will be included in Canadian listing. Apart from this development, Puration Inc will expand the Cannabis Infused Beverage business.

Puration Inc has launched EVERx CBD Infused Sports Water in 2017. EVERx has gained wide popularity since its launch in the nutrition market.

Puration to Unveil THCSavor in the End 2018

The company is also planning to introduce THCSavor, a THC infused beverage, in the latter part of 2018 in Canada.

Puration will produce THCSavor in its Canadian facility and released a package design image for this new product. Its CEO said the work is in progress for the package design. He has invited the investors to send a feedback.

The company has issued an update on anticipated acquisition to the shareholders on Thursday.

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Marijuana

Puration Inc (OTCMKTS:PURA) And North American Cannabis Holdings Inc (OTCMKTS:USMJ) Pronounce Spinoff And Dividend

It was today that Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ) pronounced a shareholder update presentation set to take place in a weeks time. The combined management of the two business gurus is expected to conduct a presentation of a major strategic update meant to benefit the shareholders of these two companies.

Plans underway

Next week’s presentation is expected to entail the latest developments in the two businesses’ new cannabis cultivation ventures, cannabis-themed restaurant business and the cannabis infused beverage business.

It was in the previous year that PURA unveiled EVERx CBD Infused Sports Water, and that was an evolution of its cannabis extraction business. From that point, EVERx rose to become one of the most recognized and trusted brands in the diverse sports nutrition market place. With the passage of time the distribution increased by a significant margin.

It was just recently that PURA came up with the THC infused beverage called THCSavor, a product that will soon be unveiled in Canada. In a bid to expand the company’s extraction business upstream into cultivation, PURA in the previous year proceeded to purchase a grow operation after which it bought a cultivation business in Canada.

A lot of announcements have been made of late, ranging from the dividends and spinoffs deemed essential in marketing, the operational developments targeted at the establishment of ecommerce, cultivation, and beverage and restaurant businesses.

It goes without saying that the various shareholders should get ready for several exciting upcoming announcements as management provides operational and marketing details behind the updated business plans.

The way forward

The management of PURA has plans underway to concentrate PURA’s ongoing operations spinoff its cultivation business into a standalone, independently listed company as well as focuss PURA’s ongoing operations towards the growth of the massive cannabis infused beverage business.

A person well conversant with the latest developments says that the transaction to structure the cultivation business into a standalone independently listed public company will be constituted by a share exchange between the independently listed public company and PURA where shares of the independently listed public company are expected to be issued out to PURA’s shareholders in the form of a dividend distribution.

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Marijuana

Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ) Schedules Shareholders Meeting on Thursday To Update Dividend Details

Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ) have scheduled a meeting of shareholders on May 31, 2018, to provide details of the dividend.

The shareholders of both the companies will be provided an update about the dividend at this conference. They will also get an update on the new developments in cannabis-themed restaurant business, cannabis infused beverage business and new cannabis cultivation ventures of both the firms.

An Update from Steven Rash, Chief Executive Officer of North American Cannabis Holdings Inc

According to Steven Rash, CEO, North American Cannabis Holdings Inc has acquired a number of assets in the cannabis sector since establishing a footprint in the year 2013 in cannabis space. It also has amassed a huge number of shareholders.

A party has approached the company with an interest to takeover experiences and assets. CEO said shareholders are a very important asset for the company. If the takeover transaction is successful, North American Cannabis Holdings will benefit in terms of capital and access to the future capital. The transaction will help to increase shareholder value.

Following the takeover transaction, the company will continue as a publicly traded business. However, the sister concern Puration Inc is exempted from the transaction.

Puration Inc Issues An Update on Cannabis Cultivation Business

Puration Inc has taken over First Choice Nursery in 2017 to increase the cannabis cultivation to 400 greenhouses from the current 25 greenhouses. The company has booked the first sales from the First Choice Nursery in Q1, 2018. It is also looking for an acquisition target to enter the legal recreational marijuana market in Canada. Puration is planning to complete the acquisition in April 2018.

The management of Puration has released a presentation explaining the progress of takeover in Canada and the First Choice Nursery.

It is not part of the takeover bid of its sister company North American Cannabis Holdings Inc. The company is pursuing the recreational marijuana operation in Canada. It is also focusing on recreational marijuana opportunity in the US where marijuana use is legalized. The company has mobilized funds to capitalize on the underserved and substantial sector in Canada.

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