North American Cannabis Holdings Inc (USMJ)

[thomm]

interesting; PJET issued USMJ a $1.5 million convertible note in exchange for the AmeriCanna Cafe business as part of the spin-off transaction. PJET and USMJ are working 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. Prior to issuing the PJET dividend, PJET plans to have its past-due reports required by OTCMarkets updated prior to the issuance of the dividend. The reports are all updated, and the posting of the reports is imminent. PJET expects to have all reports updated and the dividend issued very soon with the target remaining to be complete before year end. Holiday schedules of all the various entities required to complete all of the above is a concern, but PJET management is pushing forward.