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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 America Cannabis Holdings (OTCMKTS:USMJ) CEO Delves into the Possibilities opened up by the 2018 Farm Bill

Stakeholders in the regulated Cannabis market can’t hold their peace after the US Senate passed the 2018 Farm Bill that seeks to decriminalize Hemp farming among other benefits to traditional US farmers. One of them is the CEO and Chairman of the North America Cannabis Holdings Inc (OTCMKTS:USMJ), Steven Rash whom in a letter addressed to all Cannabis enthusiast detailed the immense possibilities the passing of the bill will unlock.

Although, the bill still awaits President Trump’s assent, enthusiasts are already viewing it as a done deal considering that President Trump has always been pro the bill. The president once told reporters in the Whitehouse that “the farm bill was in good shape.”

Possibilities that the bill creates

In his address to Cannabis enthusiasts, Mr. Rash alluded to immense benefits in multiple sectors that will directly and indirectly interact with hemp and hemp-derived products. The letter touches on the farming sector where industrial hemp farmers will directly profit from proceeds of their products, the pharmaceutical industry, construction and energy industry as well.

Industrial Hemp has been known to produce raw materials for construction, clothing and paper manufacturing. Hemp growing is environmentally friendly as the crop only needs little water plus farmers will not incur chemical fertilizers and pesticides costs.

Projected Hemp market valuation

The letter also cited an article by Motley Fool projecting that the Bill will be law by Jan 1 2019 should the senate pass it. The article further mentions that the US Hemp market is expected to spiral to mind blowing heights of $22 billion by 2022 should the bill be approved.

Rash on his part is of the opinion that the Hemp market will surpass the $22 billion valuation if all hemp applications are considered. The CEO also foresees exponential growths for the hemp-based companies operating under the USMJ umbrella. These companies include; Puration Inc (OTCMKTS:PURA) the proprietor of CBD infused sports beverage EVERx, Kali Inc (OTCMKTS:KALY), Nouveau, and the Priority Aviation (OTCMKTS:PJET).

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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

Puration Inc (OTCMKTS:PURA) Acquires Telluride Health Company To Extend Reach in Cannabis Edibles Sector Worth $5 Billion

Puration Inc (OTCMKTS:PURA) has announced the takeover of Telluride Health Company from Priority Aviation Inc (OTCMKTS:PJET). The company will merge the operations of Telluride with its cannabis beverage business.

The takeover is in line with the spin-off of AmeriCanna Cafe Business of North American Cannabis Holdings Inc (OTCMKTS:USMJ). Priority Aviation Inc has acquired AmeriCanna Cafe Business from North American Cannabis Holdings. Following the sell-off, Priority Aviation will offer dividends in the form of PJET shares to the shareholders of North American Cannabis Holdings.

President of Telluride Health Company, Yasmine Acebo said he is very happy about the merger with Puration Inc. The company will leverage the expertise and experience of Puration to sell its Telluride Happy Water, which is a brainchild of college students. The Telluride water is developed to enhance the experience of cannabis.

Chief Executive Officer of Puration Inc., Brian Shibley said the team at Telluride Health Company has developed a unique product that has no competitor. There is a great demand for Telluride Happy Water, which is expected to reach the shelves by the end of 2018. Telluride Happy water in rich in dissolved oxygen to offer great benefit to the consumers.

Market for Cannabis infused Edibles is expected at $2.3 Billion in 2018

The market for cannabis infused edibles is expected to reach $2.3 billion in 2018. According to Brightfield, a market research firm, the market for Cannabis infused edibles is expected to reach $5.3 billion in the forthcoming 5 years.

ACI Conglomerated Holds a Majority Stake in Puration Inc

ACI Conglomerated (ACI) owns a majority stake in Puration Inc. It also holds a stake in North American Cannabis Holdings. ACI is planning to acquire a controlling stake in Nouveau Life Pharmaceuticals Inc (OTCMKTS:NOUV).

Nouveau Life Pharmaceuticals Inc Inks Pact with Puration Inc to Form A JV to produce cannabis pharmaceutical products

Puration Inc has signed an accord with Nouveau Life Pharmaceuticals Inc to create a joint venture that will engage in the development of cannabis pharmaceutical products. The companies are planning to capitalize on the burgeoning demand for cannabis pharmaceuticals. The market for cannabis pharmaceutical products is expected to reach $50 billion in 2029.

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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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