North American Cannabis Holdings Inc (USMJ)

[BeamMeUpScotty]

Read between the lines in yesterday's PR ....

They want to develop two facilities (Tulare + another they mentioned - but not by name) and are raising $5m financing to do it ..... they PREFER DEBT financing - secured on assets of the company - NOT equity, leaving the company share structure alone for the moment.

So that's $2.5m per project cheap. Very cheap considering returns that will flow from them! The company conservatively estimated $6m in revenue in the first year of production.

So they see no need to reverse spilt for the foreseeable future .... not until the company is re-capitalised.

Then they also own the patents ..... these guys are all mature not some young whizz kid. BUT they have a proven process that works ....

As soon as they have the $2.5m to start of production on Tulare ....