$USMJ~ .0001
DALLAS, July 12, 2016 /PRNewswire/ --
North American Cannabis Holdings, Inc. (USMJ) today announced a preliminary revenue forecast of $2 million for the next fiscal year. The Company's fiscal year-end is June 30. After reporting $377,000 in revenue through the third quarter ending March 31, 2016 and combining an initial tabulation of results for the fourth quarter, management estimates revenue for fiscal year 2016 at approximately $500,000.
"North American Cannabis Holdings exceeded its 2016 revenue forecast by approximately 20%," said CEO Steven Rash. "We are certainly pleased with the results and even more enthusiastic about the prospects for next year. We anticipate roughly $1.5 million of the forecasted revenue to result from the opening of new AmeriCanna Cafe restaurants and another $500,000 dollars to come in from the sale of our EVERx sports and fitness supplements. We are finalizing an agreement with a restaurant group that we expect to announce next week further elaborating upon the details behind our preliminary $2 million forecast."
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