Dallas, TX – December 19, 2016 – North American Cannabis Holdings, Inc. (USMJ) today announced an anticipated fifty percent (50%) increase in next quarter sales compared to the current quarter. With approximately $500,000 in annual sales and averaging $125,000 in quarterly sales, the Company anticipates realizing an additional $60,000 in sales from January 1st through March 31st.
The Company acquired a health and fitness focused smoothie and restaurant operation last year in 2015 as part of an overall strategy to build its AmeriCanna Cafe business - a cannabis friendly, fast causal restaurant concept. The vast majority of currently reported revenue is realized from the acquired operation and the updates to the operation since its acquisition. The AmeriCanna Cafe is only one of several cannabis enterprise operations under development at North American Cannabis Holdings. Among other pilot enterprise operations, the Company is developing and market testing a variety of fitness, health and wellness supplements that stem from the in house expertise resident within the acquired operation. The Company has recently entered into a distribution agreement with one of its fitness, health and wellness supplements anticipated to add an additional $60,000 in sales next quarter. While the confidence is high that the increase will be realized in the next quarter, at this time, the distribution agreement does not extend beyond the next quarter.
To learn more about North American Cannabis Holdings: www.growusmj.com
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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.