North American Cannabis Holdings Inc (USMJ)

[Bangat]

Dallas, TX -- May 31, 2017 -- InvestorsHub NewsWire -- North American Cannabis Holdings, Inc. (USOTC: USMJ) today announced a deal shift in the planned transaction with Alternet Systems, Inc. (USOTC: ALYI).  The change is a result of the impending acquisition of the controlling interest in USMJ by American Cannabis Innovations Conglomerated (“ACI”).  The ACI acquisition is part of ACI’s overall strategy to acquire early stage, undervalued businesses with intellectual properties validated by market tests, and commercial or consumer sales.  ACI wants the ALYI Cannabis Point of Sale (POS) System to undergo further market testing before it stands alone under its own public listing.  Accordingly, an agreement has been reached for USMJ to acquire the Cannabis POS technology outright without including a swap of ALYI equity as previously contemplated.  USMJ will conduct further pilot market testing of the Cannabis POS system to better prepare for a future spinoff and independent listing of a Cannabis POS system. Alternatively, ALYI has entered into an agreement to go a different direction acquiring a private Lithium Intellectual Property Company that has entered into a strategic agreement with Lithium Exploration Group, Inc. (USOTC: LEXG) among other strategic developments.  Look for more updates soon on USMJ’s plans for the Cannabis POS system and ALYI’s new Lithium business strategy.
 
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