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Yep. Its about halfway down the Choom site. There is Kona Gold, Maui Wowie, and Kaui Electric. Attractive packaging
I did see Kona Gold on their packaging along with Maui Wowie. Now its wait and see with the Canadian government. Been sitting on their hands for close to a year, and now they are saying their not ready.If not now when?
Living in the rainy Northwest just south of BC, I know anything from Hawaii, or anywhere tropical has an enormous appeal. CHOOM in Canada will have that draw.
Really??
Management and consulting fees increased to $14,589,970 for the period ended March 31, 2018 from $1,603,388 for the period ended March 31, 2017. The increase was primarily a result of different fees charged to consultants for new business ventures as well as payments made on management changes.
And here it is-North American Cannabis Holdings and Puration Announce Spinoff and Dividend
PR Newswire
DALLAS, May 31, 2018
DALLAS, May 31, 2018 /PRNewswire/ --
North American Cannabis Holdings, Inc. (USOTC: USMJ) and Puration, Inc. (USOTC: PURA) published a shareholder update presentation today on the company's website. The presentation details a major strategic update that includes two spinoffs and two dividend distributions of spinoff stock, one to the shareholders of USMJ and one to the shareholders of PURA. The strategic update is designed to capitalize on the two company's successes with EVERx CBD Infused Sports Water and the AmeriCanna Cafe and to build momentum behind new cannabis cultivation and ecommerce businesses. The presentation narrative is included in its entirety below. See the company website for more detail.
North American Cannabis Holdings and Puration Shareholder Update
North American Cannabis Holdings, Inc. (USMJ) entered the cannabis sector in 2013 with an incubator business model. The company experimented with a number of cannabis related business endeavors to include cultivation, extraction, retail, infused consumer products and specific health applications. The extraction operation developed into a spinoff that was sold to Puration, Inc. (PURA) in a transaction that included an issuance of PURA stock in a dividend distribution to the shareholders of USMJ. Today, the controlling interest in both companies is held by ACI Conglomerated (ACI). ACI continues to experimentally enter various cannabis related sectors and where specific endeavors gain traction, to develop those endeavors into business operations with the intention of establishing new operations in public listings that can be independently capitalized for growth. In conjunction with the independent listings, ACI intends to issue stock in the new public listings in additional dividend distributions similar to the PURA dividend issuance to USMJ shareholders. The purpose of this update presentation is to specifically address the strategic spinoff of two operations and corresponding issuance of two dividend distributions.
USMJ Restaurant Spinoff and New Ecommerce Business
USMJ Management has developed a strategy to enter a new line of business well suited to USMJ's history and at the same time, spinoff USMJ's AmeriCanna Cafe restaurant operations into a standalone publicly listed company in a transaction to include a dividend issuance of stock from the independently listed restaurant company to the shareholders of USMJ.
ACI has already struck a deal to acquire control of an existing public company already in the cannabis sector. That acquisition is anticipated to be complete within the next 30 days. After the acquisition, USMJ will sell its AmeriCanna Cafe restaurant operations to the newly acquired company in exchange for stock in the newly acquired company, a portion of which will be issued to the shareholders of USMJ.
USMJ's primary business operation moving forward will be ecommerce. The company has already begun construction on an ecommerce solution to establish USMJ as the premier source of cannabis sector consumer products. At the same time, the company has also started to develop distribution agreements with manufactures of cannabis sector consumer products. USMJ is a well-known name in the cannabis sector with a high traffic website. The company also brings retail and wholesale experience to its new ecommerce operations which will feature leading CBD infused edibles and beverages in addition to a host of other products. The vision for the company is to become the Amazon of cannabis.
PURA Spinoff and Expanded Beverage Industry Operation
Last year, PURA introduced EVERx CBD Infused Sports Water as an evolution of the company's cannabis extraction business. EVERx has since become a recognized brand in sports nutrition market place. Distribution is growing. PURA has recently designed a THC infused beverage named THCSavor expected to be introduced in Canada later this year. In a strategy to extend the company's extraction business upstream into cultivation, PURA acquired a grow operation last year and recently acquired an additional cultivation business in Canada.
PURA management now plans to spinoff its cultivation business into a standalone, independently listed company and concentrate PURA's ongoing operations on expanding its cannabis infused beverage business. The transaction to structure the cultivation business into a standalone independently listed public company will include a share exchange between PURA and the independently listed public company where shares of the independently listed public company will be issued to the shareholders of PURA in a dividend distribution. An independently listed public company for the planned spinoff of PURA's cultivation operations has not yet been specifically identified, but efforts are underway to lockup a deal soon.
Next Steps
Behind the spinoffs and dividends are the essential marketing and operational developments to build successful ecommerce, restaurant, beverage and cultivation businesses. Shareholders can expect a number of exciting upcoming announcements as management unfolds the marketing and operational details behind the updated business plans.
Seems doable. Using the assumption of $1000 annually per patient, your talking $50 million, but that's strictly a questimate.
Also I was told their quarterlies would be coming out in May so with 160 vaporizer shops in the fold we should be seeing something soon.
The whole MJ sector has been surprisingly dead price wise. You would think it would be perking up with us going into June. I think the next run will be revenue driven, and ATTBF is very quiet on that front.
Sure wish I could figure this MJ sector out. Either I got the wrong stocks, or its stuck in a rut. Would think that they would be heating up as we are going into June.
Used to be fairly active. It seems there is more noise over on Facebook page, but I don't subscribe so will check in periodically. Show us revenues and they will come!
This Thursday it is. I imagine something to do with the Canadian entry to THC infused beverages?
I am surprised they don't already have a strong presence in Hawaii? Why go to another country to grow and have retail when you have the dream location where the "Choom seed" was planted
It looks like both shareholders will get a dividend of sorts on this one.
Perhaps it will be shares of a spinoff?
The presentation will cover new developments in the two companies’ cannabis infused beverage business, cannabis themed restaurant business, and new cannabis cultivation ventures.
I like POTN as well, maybe NAMASTE on the world stage.
PURA as a speculation play. Abattis will be real interesting to see if they can actually generate revenues. Infrastructure is in place.
Got to believe Sessions has his slimy little fingers in this one!
Have a bag of Chill extra strength in my hand. Ingrediants; sugar, cannabidoil, alcohol corn syrup, and other junk associated with eating candy. They are gummies after all. Go for oils if you want purity. I don't think one gummy will send you into a diabetic coma however. Enjoy them, my wife with stage 4 cancer enjoys them, my dogs enjoy CBD from POTN. Will continue to use them
I am sorry, was directing that at Skinny hence the no skin comment. My bad.
This is interesting!
Dallas, Tx – May 24, 2018 – InvestorsHub NewsWire -- North American Cannabis Holdings, Inc. (USOTC: USMJ) and Puration, Inc. (USOTC: PURA) today announced a shareholder update presentation scheduled for one week from today, on Thursday, May 31. Combined management of the two companies will present a major strategic update designed to benefit the shareholders of both companies. USMJ and PURA have a common controlling shareholder and an overlapping shareholder base in conjunction with a USMJ operational spinoff that resulted in a dividend of PURA stock to USMJ shareholders. The presentation next week includes details on a coming new dividend strategy structured to include newco stock issuances to both the shareholders of USMJ and PURA. The presentation will cover new developments in the two companies’ cannabis infused beverage business, cannabis themed restaurant business, and new cannabis cultivation ventures.
replaced by hired scum dumping
As long as we both have a smile on our face by the end of the year, that is all I ask.
Not hard to improve on that #! In all honesty what would you expect out of 130 shops (actual #) for a full quarter. To keep the doors open they would need to generate $50K each. Doing the math expectations would be $6.5 million annually. As you said we shall see.
If I recall they have 160 shops? Revenue for quarter should exceed $1 million from those alone, and that would be a disappointing number IMHO
I think any kind of movement upwards from now on will be revenue driven, and I haven't seen any kind of revenue to speak of. Has this company even submitted a quarterly this year?
Since you no longer have any skin in the Namaste game you should feel relieved and move on
Things are perking up a bit in the MJ sector. Hopefully good sign of things to come.
I usually wait till the stock doubles then take original investment off the table, then let it ride!
Understood there are quicker ways for CBD to work its magic, but as an investor gummies are selling, and if you give the public what they want, they will come. Gummies can also be purchased at different strengths depending on your size, and need.
Gummies are big sellers, but I agree, you have to have 30-100 mgs for any benefit. Buy them all the time at those levels and they do help
I have holdings in 8 different pot companies, and every one has articles bashing them. Just as some fluff pieces that companies pay for, these guys get paid to make buyers panic. Check back in 3 months and you will be happy you bought.
Bust through the .33 barrier this week, and it is up, up, and away!!!!
Buy and hold. In two years the revenues will be flowing, and the price will reflect that. Possibly a $2 stock by that time, so why worry about the daily fluctuations?
Just added on.
Late summer or fall it should be in that range or higher if they stay on pace with their business model. IMHO
Just picked up 750 more shares
If its the one in Hawaii there is a staff of 1. Need to know which firm it is. Clarification
RS just creates a free fall in price after it is done. TRTC did it, price was at $5, and now at 2.40 or so.
my bad,
went back and found the original article. This will be a wait for 2 years company that might unfold nicely.
“We are excited to complete our acquisition of Gabriola. Gabriola’s anticipated LP will complete our suite of downstream offerings and be the highlight of our growth into a full-service cannabis company,” stated Rob Abenante, Abattis President and CEO.
Gabriola currently has plans for an approximately 26,000 square-foot production facility to produce medical-grade marijuana located on 18 acres in the agricultural land reserve on Gabriola Island, BC. The facility will include a level 8 security vault.
Gabriola’s production facilities are expected to be constructed in two phases:
Phase 1 - Buildout of its 6,000-square-foot state-of-the-art facility, consistent with ACMPR standards.
Phase 2 - Upon completion of the Phase 1 buildout, Gabriola will build out an expansion of approximately 20,000 square feet.
Just a bit, and I was under the impression that Gabriola already had a grow facility in place?
Very well said. Our political system is more toxic then any bad debt for MJ
Good day with heavy volume. Are MJ stocks starting to wake up? Tomorrow will tell.