Alternet Systems Inc (ALYI)

[Tazy]

New out!

DALLAS, TX / ACCESSWIRE / December 13, 2016 / North American Cannabis Holdings, Inc. (OTC PINK: USMJ) today announced that it has scheduled to close on the acquisition of a controlling interest in Alternet Systems, Inc. (ALYI) next week on December 20, 2016. The two Companies have been working together since the beginning of the year on a retail cannabis payment system pilot. In conjunction with the acquisition anticipated to close next week, Alternet will begin to commercialize a cannabis retail payment system. Similar to the dividend USMJ shareholders received in conjunction with USMJ's acquisition of a controlling interest in Puration, Inc. (PURA), the anticipated transaction between USMJ and ALYI includes a plan to issue ALYI common stock to USMJ shareholders through a dividend distribution.