North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

Reason they owe the third party: Well, one could look at the last page of the most-recent financials.

or I cut-n-pasted it below. It is because of the special preferred shares that give 51% of any money USMJ makes to the 3rd party instead of it being able to be put back into USMJ to bring down their massive liabilities.
……………...excerpt:

• 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.