North American Cannabis Holdings Inc (USMJ)

[TimeMoney]

That’s good news

Before the end of July, we expect to announce the names of the two target company’s for the USMJ and PURA spinoffs. In separate announcements, also before the end of July, we expect to announce the terms of the spinoff transactions to include how many shares of each target company will be distributed to USMJ and PURA shareholders in proportion to the number of USMJ and PURA shares they own. In August, we expect to announce the anticipated dates when shareholders can expect for the USMJ and PURA spinoff transactions to close and when the dividends of spinoff stock will be issued. In general, we are working toward closing the two spinoff transactions shortly after Labor Day and executing the dividends shortly thereafter. In the meantime, USMJ and PURA anticipate disclosing more details on the business development plans for the new standalone AmeriCanna Cafe and cannabis cultivation operations, as well as the ongoing cannabis ecommerce and cannabis beverage businesses that will respectively remain in USMJ and PURA.