PURA Public Annual Report Disclosure Regarding USMJ Dividend
Public Disclosure: PURA-Acquired-Operation-From-USMJ-In-Exchange-For-PURA-Stock
Excerpt From PURA 2015 Annual Report
On July 28, 2015, the Company entered into a Share Exchange Agreement with North American Cannabis Holdings, Inc. (USMJ), whereas it agreed to acquire all of its wholly owned interests in certain Joint Ventures with World Hemp Oil & NaturesComfortMeds, as well as, certain pledged debts attached by a lien to such interests in exchange for two (2) Convertible Preferred Stock Series to be created and issued by Puration, Inc. One Series shall represent fifty-one percent (51%) voting control of Puration, Inc. and the other shall be convertible into a number of common shares equal to the number of North American Cannabis Holdings, Inc. shares issued and outstanding at a date to be determined. The agreement initially called for August 03, 2015 but both parties agreed to amend it to a future date to be determined, The first Convertible Preferred Stock Series has been issued. The Convertible Preferred Stock Series to be converted into common shares equaling the number of North American Cannabis Holdings, Inc. shares issued and outstanding remains pending the finalization of further plans to distribute Puration, Inc. common stock to the North American Cannabis Holdings, Inc. shareholders
News 
Market Data 
Discover 
