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USMJ Announces $2 Million Annual Revenue Business Plan Update Presentation Scheduled Tuesday May 6th
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Dallas, TX - June 1, 2017 - InvestorsHub NewsWire - North American Cannabis Holdings, Inc. (USOTC: USMJ) today announced an online, on-demand presentation to be available on the Company’s website next Tuesday, June 6th. The purpose of the presentation is to present updates to the Company’s business plan and plan to build to $2 million in annual revenue. The updates stem from the impending acquisition of the controlling interest in USMJ by American Cannabis Innovations Conglomerated (“ACI”). The acquisition is anticipated to be finalized prior to the update presentation. The presentation will include additional details on the preliminary updates to USMJ’s cannabis point of sale system transaction with Alternet Sytems (USOTC: ALYI) announced yesterday. The presentation will also include updates to USMJ’s ongoing business relationship with Puration, Inc. (USOTC: PURA).
USMJ Market Capitalization Improvements Summary – No Reverse or Forward Split
The common stock of USMJ will remain traded on the OTC Markets with no forward or reverse split taking place in conjunction with the ACI transaction. ACI expects the potential for market capitalizations of USMJ to improve by transitioning the Company toward better investment structures, with better terms, that are altogether better suited to the current and more mature stage of development. For instance, USMJ recently announced a substantial convertible debt elimination in conjunction with the pending ACI transaction.
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