North American Cannabis Holdings Inc (USMJ)

[42get4ever]

Sorry our response is not faster. We’re a small company and all of us where a number of hats.

We’re getting a number of questions about the current PPS and the dividends. I’ll briefly address both here in a standard response we’re sending to all inquirers and encourage you to standby for more information coming in a public format.

PPS:

USMJ’s trading volume being higher than the average OTC quoted stock is recent. The volume began about two months ago in conjunction with the Company’s name change and subsequent acquisition of a CityBlend café.

Management is committed to building the Company as described in its press releases and on its website. Regardless of the current PPS, nothing about the Company’s business plan has changed and management remains as committed as ever.

Management can only speculate as to the cause or reason for the current PPS. We certainly don’t think the PPS and corresponding market capitalization value is a fair representation of the company’s value compared to other OTC traded cannabis industry companies. We believe the company is very undervalued.

It is our opinion that increased trading volume attracts investors looking to profit on both a potential increase as well as a potential decrease in pps. We believe the only explanation for higher than average trading volume on a stock with a declining pps is a market segment eager to buy shares to cover previous short sales.

At the moment it appears those investors looking to profit on a potential decrease in pps outweigh those looking to profit on an increase. It is the dog days of summer when the OTC market is often slow. Those looking to profit on a decrease in pps may have a harder time realizing returns after Labor Day when the market picks up again.

Management also believes the upcoming annual report will be well received and stands to win further market confidence in the long-term potential of USMJ’s business plan.

Dividend:

The record date was August 3rd. Anyone holding USMJ stock is eligible for PURA stock. For every share of USMJ held, a USMJ shareholder will receive on share of PURA.

At this time the PURA stock is restricted. USMJ management is developing the plan to distribute the PURA stock. USMJ intends to support shareholders in having the restriction on PURA stock removed. The details of the plan to support the lifting of the restriction and the distribution of free trading PURA stock is not final. Please look for more details to be forthcoming.

Thank you for your email.

USMJ Management