Priority Aviation Inc (PJET)

[Dip-N-Rip]

From USMJ news today:

The spinoff announced today has been affected through the execution of a securities exchange agreement between USMJ and Priority Aviation (USOTC: PJET) (“PJET”). USMJ has sold its AmeriCanna Cafe business in exchange for a convertible purchase note issued by PJET. Neither USMJ nor PJET are executing a reverse split in conjunction with this transaction. USMJ and PJET do plan to promptly convert the $1.5 million note into a number of common PJET shares sufficient to issue one PJET common share for every fifty shares of USMJ common shares issued and outstanding. All of the PJET common shares issued in conversion of the purchase note are slated for distributed to USMJ shareholders in a dividend distribution. USMJ and PJET management plan to present further details on the transaction announced today in conjunction with the associated ecommerce and restaurant business plans in an online presentation one week from today, on Thursday, November 8th, 2018.

PJET divested its aviation assets last year when it acquired Telluride Health Company (“THC”), the producer of Telluride Happy Water, a beverage designed to enhance the uptake of THC and CBD. THC’s operations have taken longer than anticipated to launch production of Telluride Happy Water, but a first production run of Telluride Happy Water has just been initiated with the help of PURA and its co-packer and partner, Alkame Holdings, Inc. (ALKM). In conjunction with the spinoff transaction between USMJ and PJET announced today, PURA will acquire the THC operation from PJET and Telluride Happy Water will become part of PURA’s cannabis beverage portfolio.

Learn more about USMJ at www.growusmj.com

Learn more about PURA at www.purationinc.com

Learn more about PJET’s THC operation at www.telluridehealthcompany.com

Learn more about West Coast Venture Group and Illegal Burge at
https://www.westcoastventuresgroupcorp.com/

https://www.illegalburger.com/