North American Cannabis Holdings Inc (USMJ)

[fred2207]

This is intended to be read by those that keep harping and promoting the lie about a reverse stock split. Everyone else can ignore the paragraph that I copy & pasted from today's news item posted at 9:33 a.m.

The USMJ spinoff transaction LOI details the intended sale of USMJ’s cannabis theme restaurant subsidiary to the yet to be disclosed public company in exchange for a security issued by the target company that will be converted into common shares of the target subsidiary and distributed to the shareholders of USMJ in a stock dividend distribution. The planned dividend distribution ratio is structured for every USMJ shareholder to receive one share of target company stock for every fifty shares they own of USMJ. The dividend distribution plan is not contingent on a recapitalization of either USMJ or the target company. In other words, neither USMJ nor the target company intend to reverse or forward split the stock of the respective company. In further clarification of the planned spinoff transaction, USMJ shareholders keep all the stock they own and are issued new shares in the target company.