YAHOO-NEWS - USMJ and PURA Announce-Online-Presentation
North American Cannabis Holdings and Puration Schedule Online Presentation Following Alternet Deal
North American Cannabis Holdings Schedules Online Presentation to Detail Deal with Alternet Systems Entering Seven Billion Dollar Cannabis Retail Payment System Sector
Dallas, TX – December 21, 2016 – North American Cannabis Systems, Inc. (USMJ) today announced an online presentation scheduled for tomorrow, December 22, 2016, to detail for shareholders and interested investors the comprehensive plan behind the transaction announced yesterday with Alternet Systems, Inc. (ALYI). The presentation will be available on-demand from the USMJ’s website. Since the USMJ and ALYI transaction is similar to a previous USMJ deal, tomorrow’s online presentation will include an update on USMJ’s recent dividend issuance of Puration, Inc. (PURA) common stock and PURA’s overall progress since their transaction with USMJ.
Cannabis Retail Payment System In Market That Rings $7 Billion
Yesterday, USMJ announced executing an agreement with ALYI to combine resources and efforts in order to commercialize and launch a retail payment system for the cannabis sector. Forbes anticipates legal cannabis sales to ring nearly $7 billion in sales in 2016. A recent report from Bloomberg indicates legal cannabis annual sales will reach $50 billion in the next ten years.
USMJ Shareholders To Receive ALYI Stock In Dividend Distribution
In the agreement announced yesterday, all cannabis payment system efforts and resources going forward will be consolidated under ALYI. In exchange, USMJ receives ALYI controlling preferred stock. A portion of the ALYI preferred stock has been designated for a future conversion into ALYI common stock. The converted ALYI common stock is intended for distribution to the shareholders of North American Cannabis Holdings through the issuance of a dividend.
USMJ Cannabis Pilot Development, Spinoff and Dividend History with PURA
USMJ continuously pilots various cannabis sector enterprises. Pilots that prove promising, USMJ spins-off into stand-alone public companies in a transaction that includes a dividend distribution of stock in the stand-alone public company to the USMJ shareholders. The ALYI transaction announced yesterday will be the second spinoff and dividend transaction USMJ has executed since entering the cannabis sector in 2013. Last year, USMJ entered into a similar transaction with PURA. Last week PURA common stock was distributed through a dividend to USMJ shareholders.
ALYI Financial Software Development Track Record
ALYI has a long-term track record in developing innovative financial services industry software solutions. The company is guided by a team of executives specializing in entrepreneurial endeavors, innovation, corporate strategy, financial and executive management of multi-national organizations, and a vast network of industry resources. ALYIrecently developed a unique financial services solution which was successfully sold allowing the Company to realize a 47% ROI.
To learn more about North American Cannabis Holdings: growusmj.com
Follow the Company on Twitter: US_HEMP
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"
, and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.
USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
North American Cannabis Holdings and Puration Schedule Online Presentation Following Alternet Deal
North American Cannabis Holdings Schedules Online Presentation to Detail Deal with Alternet Systems Entering Seven Billion Dollar Cannabis Retail Payment System Sector
Dallas, TX – December 21, 2016 – North American Cannabis Systems, Inc. (USMJ) today announced an online presentation scheduled for tomorrow, December 22, 2016, to detail for shareholders and interested investors the comprehensive plan behind the transaction announced yesterday with Alternet Systems, Inc. (ALYI). The presentation will be available on-demand from the USMJ’s website. Since the USMJ and ALYI transaction is similar to a previous USMJ deal, tomorrow’s online presentation will include an update on USMJ’s recent dividend issuance of Puration, Inc. (PURA) common stock and PURA’s overall progress since their transaction with USMJ.
Cannabis Retail Payment System In Market That Rings $7 Billion
Yesterday, USMJ announced executing an agreement with ALYI to combine resources and efforts in order to commercialize and launch a retail payment system for the cannabis sector. Forbes anticipates legal cannabis sales to ring nearly $7 billion in sales in 2016. A recent report from Bloomberg indicates legal cannabis annual sales will reach $50 billion in the next ten years.
USMJ Shareholders To Receive ALYI Stock In Dividend Distribution
In the agreement announced yesterday, all cannabis payment system efforts and resources going forward will be consolidated under ALYI. In exchange, USMJ receives ALYI controlling preferred stock. A portion of the ALYI preferred stock has been designated for a future conversion into ALYI common stock. The converted ALYI common stock is intended for distribution to the shareholders of North American Cannabis Holdings through the issuance of a dividend.
USMJ Cannabis Pilot Development, Spinoff and Dividend History with PURA
USMJ continuously pilots various cannabis sector enterprises. Pilots that prove promising, USMJ spins-off into stand-alone public companies in a transaction that includes a dividend distribution of stock in the stand-alone public company to the USMJ shareholders. The ALYI transaction announced yesterday will be the second spinoff and dividend transaction USMJ has executed since entering the cannabis sector in 2013. Last year, USMJ entered into a similar transaction with PURA. Last week PURA common stock was distributed through a dividend to USMJ shareholders.
ALYI Financial Software Development Track Record
ALYI has a long-term track record in developing innovative financial services industry software solutions. The company is guided by a team of executives specializing in entrepreneurial endeavors, innovation, corporate strategy, financial and executive management of multi-national organizations, and a vast network of industry resources. ALYIrecently developed a unique financial services solution which was successfully sold allowing the Company to realize a 47% ROI.
To learn more about North American Cannabis Holdings: growusmj.com
Follow the Company on Twitter: US_HEMP
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"
, and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors. USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
2
