North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

Not fake news at all (confirmed by USMJ CEO)

Feel free to look at the USMJ unaudited financials, last page, for this confirmation by USMJ that it is not fake news.

I'll provide and excerpt to help:

Series D Preferred Stock
On September 18, 2013, the Company filed a certificate of designation of Series
D Preferred Stock and the Company issued 100,000 shares of Series D preferred
stock to the former shareholders of Algae (See Note 1). Pursuant to the certificate
of designation:
• 100,000 shares were designated as Series D Preferred Stock.
• Holders of the Series D Preferred Stock will be entitled to receive $1.00 per
share of Series D Preferred Stock, prior to any distribution to holders of
common stock, in the event of any liquidation, dissolution or winding up of
the Company.
• Holders of Series D Preferred Stock will be entitled to receive dividends in
the amount of 51% of net income, payable quarterly.
• Holders of Series D Preferred Stock will own 51% of the voting power of
the shareholders of the Company.
The Company may not redeem shares of Series D Preferred Stock without the
written consent of the holders thereof.