$USMJ North American Cannabis Holdings, Inc. (USMJ) announced inking a $1 million investment agreement to fund its flagship AmeriCanna Cafe.
In June of last year, USMJ announced the launch of the AmeriCanna Cafe - a destination beverage franchise designed to let consumers interface with trained staff to learn about the specific benefits of cannabis and to select healthy and refreshing cannabis infused beverages. The menu is initially intended to include custom blended hemp infused coffee, cold pressed juices and smoothies in addition to carrying raw hemp seeds and other hemp and hemp extract infused foods. As state and federal law permits, management plans to add THC infused beverages and foods to the menu.
Shortly after the launch of the AmeriCanna Cafe, USMJ announced the strategic acquisition of an existing ten-year-old health and fitness smoothie cafe located within the Dallas metroplex ringing approximately half a million dollars in annual retail sales. The health and fitness retail restaurant operation has brought decades of industry experience and a platform for menu development.
Next, in August of 2015, the Company announced selecting a site in Frisco, Texas to open the first AmeriCanna Cafe. Frisco, Texas has been recognized in recent years by Forbes as one of the top 10 places to relocate and by Money Magazine as one of the top 100 places to live. Frisco, Texas is also the new home of the Dallas Cowboys with the Club's new facility opening this summer. Frisco is already home to the Dallas Stars and FC Dallas.
The investment agreement is predicated on USMJ finalizing the acquisition of the property that will house the flagship AmeriCanna Cafe. The land and improvements will secure the investment.
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