USMJ Confirms No Reverse Split And Commitment To Stock Dividend
June 07 2019 - 11:21AM
InvestorsHub NewsWire
USMJ Confirms No Reverse Split And
Commitment To Stock Dividend
Dallas, TX -- June 7, 2019 -- InvestorsHub
NewsWire -- North American Cannabis Holdings, Inc. (USOTC:
USMJ) (“USMJ”) today confirmed the company has no plans for
executing a reverse stock split. The confirmation
announcement today is in response to emails and telephone calls
asking for details about an alleged reverse split. It appears
a reverse spilt rumor was fabricated on stock message boards.
USMJ management declines to speculate on the purpose of such a
rumor.
“We are quite pleased with USMJ’s current
operational performance,” said Steven Rash, USMJ CEO. “The cannabis
sector ecommerce site launched earlier this year at www.USMJ.com is a success and growing nicely. Our
cannabis logistics business is also going well. We anticipate
our ongoing success and growth will be reflected in the share
price. We see no reason or value in executing a reverse stock
split.”
USMJ and Priority Aviation (name change pending) (USOTC:
PJET) (“PJET”) also reiterated today that the two
companies remain committed to the previously announced dividend of
PJET stock to USMJ shareholders in conjunction with the spinoff of
USMJ’s AmeriCanna Cafe business to PJET. The current primary
initiative at PJET is to launch the AmeriCanna Cafe in Colorado in
a partnership with West Coast Venture Group (OTCQB:
WCVC) (“WCVC”) the owner and operator of
the $3 million Colorado based Illegal Burger
chain.
After years of cannabis sector business
incubation, USMJ transitioned late last year into focusing on
cannabis sector logistics services. To demonstrate the
caliber of their logistics capabilities, the company launched
its www.USMJ.com
Ecommerce site. Sales
have been steadily growing since the launch and the product line
available at www.USMJ.com
continues to also grow.
USMJ Ecommerce products today include Hemp4mula CBD Gum from
Kali-Extracts (USOTC:
KALY) and EVERx CBD Sports Water from Puration (USOTC:
PURA).
To learn more
visit www.USMJ.com
and www.GrowUSMJ.com.
Disclaimer/Safe
Harbor:
This news
release contains forward-looking statements within the meaning of
the Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur. These statements have not been evaluated by the Food and
Drug Administration. These products are not intended to diagnose,
treat, cure, or prevent any
disease.
Steven
Rash
CEO
North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
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