DALLAS, May 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USMJ) (“USMJâ€) and Priority Aviation (name change pending) (PJET) (“PJETâ€) today announced 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. USMJ announced earlier this week that on Tuesday, next week, May 14, 2019, CEO Steven Rash will publish an update on the state of the company’s transition into a dedicated cannabis logistics operation. The update will include details on the company’s growing Ecommerce sales from their site www.USMJ.com. The update will also include an update on where management is on the dividend and what the companies are doing next to promptly execute the dividend.
The current primary initiative at PJET is to
launch the AmeriCanna Cafe in Colorado in a partnership with West
Coast Venture Group (WCVC) (“WCVCâ€) the
owner and operator of the $3 million Colorado based Illegal Burger
chain. WCVC and USMJ were featured yesterday by
Born2Invest, a digital news organization dedicated to writing
about and publishing the business and financial affairs of the
world. The article, Cannabis companies
set to rule the edibles market in
2019, highlights WCVC's plans with USMJ to launch
a cannabis themed restaurant.
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 (KALY) and EVERx
CBD Sports Water from Puration (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.
[email protected]
+1-800-861-1350