SA Breaking News - USMJ develops plan to add $20M in marijuana, CBD sales
March 25 2022 - 9:35AM
InvestorsHub NewsWire
March 25, 2022 -- InvestorsHub NewsWire --
via pennymillions --
By: Dania
Nadeem, SA News Editor
- North American Cannabis (OTCPK:USMJ)
said it has developed a plan that could add $20M in sales on top of
revenue from its expanding ecommerce business.
- The company said the management plans to reveal highlights of
the plan in a shareholder update scheduled for March 29.
- Under the plan, the company expects to grow and sell adult use
marijuana in addition to capturing the opportunity for its recently
acquired CBD sports nutrition beverage.
- USMJ's subsidiary, which has been growing hemp for CBD for the
past four years, received an
invitation from the New York Office of Cannabis Management
to apply for the provisional adult-use cannabis license.
- The company said New York recently passed a new law to provide
provisional marijuana cultivation licenses to existing hemp
businesses.
- The company had recently
relaunched the EVERx CBD Sports Nutrition Beverage, a
CBD-infused liquid water.
Source - https://seekingalpha.com/news/3816981-north-american-cannabis-develops-20-million-marijuana-and-cbd-sales-growth-plan?mailingid=27135485&messageid=2900&serial=27135485.93&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=27135485.93
Other stocks on the move include HEMP,
PURA and
AABB
SOURCE: pennymillions
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