North American Cannabis Holdings Inc (USMJ)

[the bull]

USMJ/PURA DIVIDEND PLAY COMING UP IN FEW WEEKS!!!
https://finance.yahoo.com/news/north-american-cannabis-holdings-nature-130000421.html


http://www.growusmj.com/news/
USMJ reorganized the JV under PURA in order to have a dedicated capital structure for supporting the ongoing development of the Nature Comfort Meds extraction process as well as other cannabis health and wellness consumer products included in the pilot project reorganized under PURA.

Colorado Extraction Facility

PURA is currently working to launch an extraction facility in the State of Colorado where the extraction process can be utilized for both the ongoing development of cannabis treatments and at the same time benefit from extracting and selling oil from marijuana into the legal recreational market.

DTC Eligibility; Current Information Status; Coming Dividend

In the reorganization of the cannabis health and wellness pilot project under PURA, USMJ’s intellectual property and operating assets were exchanged for a controlling stock interest in PURA. The transaction included PURA common stock slated for issue to North American Cannabis shareholders in a dividend distribution.

In order to effectively execute the dividend of PURA stock to USMJ shareholders the two companies have been working on both the operational foundation between the two companies and on the respective capital structures to facilitate the dividend of PURA stock to USMJ.

Since the reorganization transaction between USMJ and PURA, PURA has been working to reestablish good standing with the Depository Trust Company (the “DTC”), lost under previous management, and reestablish its ‘current information’ status with OTC Markets. PURA announced just last week becoming eligible for the book-entry delivery and the depository services of the DTC to facilitate electronic settlement and transfer of its common shares. PURA has also resolved its reporting delinquency with OTC Markets having filed all required financial reports and disclosure requirements. PURA’s compliance with the ‘current information’ standard is anticipated to be reflected on the OTC Markets’ website imminently and may in fact be reflected by the time this presentation is posted.

PURA and USMJ anticipate completing and announcing a detailed dividend plan in early July and rolling out a prompt execution thereof.