Replies to post #24776 on North American Cannabis Holdings Inc (USMJ)

[Drakon 642]

This means NOTHING! They announced in last letter to shareholders they are moving FROM Nevada TO Wyoming. They simply dissolved in Nevada but they are filed in Wyoming as of 5\22 please see link

https://wyobiz.wy.gov/Business/FilingDetails.aspx?eFNum=082172149019198098136193026255186176153208159133

[Pavlik]

It doesn't mean anything bad. ALGA is now based out of Texas, not Nevada. Per NVSOS site:

Yes, pursuant to law, a sole proprietor or general partnership (NT7) who ceases to do business in the state of Nevada must notify the Secretary of State not less than 10 days prior to the expiration of the State Business License to avoid the fee and penalty associated with failing to file annual lists and paying associated fees.

Title 7 entities must file dissolution or other terminating documents with the Secretary of State in order to avoid the annual fee and a penalty for non-payment.

You may be liable for any legal requirements governing a business in the State of Nevada if you fail to cancel or file dissolution/terminating documents

Link to the quote

ALGA is a tad late on filing this as their business license in NV expired on 4/30/2015. So they are just following state guidelines and "closing down the shop" in Nevada since they are now based out of Texas.