North American Cannabis Holdings Inc (USMJ)

[mrscashflow]

USMJ Dividend Shareholder of Record Date Anticipated To Settle Today Wednesday 26 October 2016

Date :10/26/2016 @ 6:56AM

Source : InvestorsHub NewsWire
Stock : North American Cannabis Holdings, Inc. (PC) (USMJ)
Quote : 0.0004 0.0 (0.00%) @ 12:36PM

USMJ Dividend Shareholder of Record Date Anticipated To Settle Today Wednesday 26 October 2016

Dallas, TX – Oct 26, 2016

North American Cannabis Holdings, Inc.

(USMJ) set last Friday, October 21, 2016 as a Shareholder of Record Date for a dividend of stock in Puration, Inc.
(PURA) to be issued to shareholders.

The Record Date was appropriately registered as required with regulatory authorities. Shareholders as of close of business on last Friday are eligible to receive shares in PURA. Within the electronic stock trading systems of the United States, a trade generally takes three days to settle – for the buyer to be registered as the new owner of the purchased stock.

Accordingly, today, Wednesday, October 26, 2016 will be the day

5The purchases or USMJ stock on last Friday settle, and that USMJ will have the list of shareholders eligible to receive PURA stock.

USMJ plans to issue 1 share of PURA stock to USMJ shareholder for every 200 shares of USMJ stock owned as of last Friday.

I purchased USMJ before the cutoff date
I had to call in my order executed the same day
I talked to management online commission no extra fees
(PURAI) 0.00 0.00 0.00 0.00 22,370 0.00 0

The Dividend Payment Date is anticipated
to be announced within the next thirty days.

USMJ is currently working with regulatory oversight authorities to finalize necessary details to execute the issuance of PURA stock to USMJ shareholders.

Subject to satisfying all regulatory pre-requisites, USMJ shareholders that acquired stock on or before the Record date will receive stock in PURA based on the yet to be set Payment Date.

Again, allowing for USMJ stock ownership to ‘settle,’ USMJ shareholders eligible to receive PURA stock on the Payment Date will be determined three days after the Payment Date.

In an attempt to address any confusion regarding
Record Date, Ex-Dividend Date and Payment Date

Find below a segment from the SEC website regarding frequent
questions about dividends:

Sometimes a company pays a dividend in the form of stock rather than cash.

The stock dividend may be additional shares in the company or in a subsidiary being spun off.

1)The procedures for stock dividends may be different from cash dividends.

2)The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.

Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares.

Since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares.

Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

History of USMJ Dividend and Cannabis Enterprise Business Development Strategy

USMJ entered the cannabis sector in 2013 with a strategy to pilot various cannabis sector enterprises.

The Company planned to facilitate the financing necessary to expand successful pilot projects by spinning graduating projects off into standalone public companies.

The first spinoff was executed last year when Puration, Inc. (PURA) acquired graduating pilot project assets from USMJ in exchange for PURA preferred stock. A portion of the PURA preferred stock was designated for conversion into common stock and issuance to USMJ shareholders.

At close of business today, October 21, 2016, all USMJ shareholders of record will be eligible to receive a dividend issuance of PURA common stock. USMJ shareholders will receive 1 share of PURA common stock for every 200 shares of USMJ common stock they own on October 21, 2016.

Puration is a model for the future of North American Cannabis Holdings with future PURA-like spinoffs and dividends to come. A second spinoff is in the works now.

Review USMJ's recent CEO update published earlier this week to learn more about the Company's strategy going forward and performance to cate having recently reporting 23% annual revenue growth

http://ih.advfn.com/p.php?pid=nmona&article=72753997&symbol=USOTC%3AUSMJ

Actually, I'm not sure if USMJ can explain this
simple transaction any simpler.

Match the date with this news release if your
purchase date doesn't now match USMJ dates.

Your name will not be on the the Dividend list
to receive PURA's Dividends. Stated in this Pr