DALLAS, Jun. 19, 2015--North American Cannabis Holdings, Inc. (USMJ) today released a letter to shareholders from CEO, Steven Rash addressing the corporate transformation underway expected to be complete next week with the announcement of a strategic acquisition that has been under development for the last year. The letter is included in its entirety below.
Dear Shareholders –
Our new corporate name has been introduced to herald the launch of our destination beverage business. Last week we introduced the North American Cannabis Holdings banner and announced our AmeriCanna Café destination beverage business platform. Next week we plan to complete the corporate transformation announcing the acquisition of a 10 year old nutritional beverage café central to our strategy for a rapid nationwide expansion of a chain of AmeriCanna Café franchise operations.
North American Cannabis Holdings has been piloting a number of Cannabis Businesses over the last 18 months. The Company decided to enter the Cannabis sector by trialing different opportunities and learning about the overall potential prior to leaping in and with hands on experience once we leapt. Our piloting operation continues today under the American Seed & Oil Company subsidiary. The AmeriCanna Café is our first, well-planned and very promising leap.
The target acquisition currently enjoys almost half a million dollars in annual revenue today. The founders of the target acquisition come from a collection of nutritional experts, fitness consultants, and other fitness industry professionals that developed a nutritionally superior, sophisticated and existing line of niche beverages. The founders experience and the marketing and operational nationwide infrastructure behind the existing line of niche beverages we believe can catapult a nationwide expansion of the AmeriCanna Café.
The AmeriCanna Café and this pending acquisition have been under development for over a year. I am confident once we unveil the pending acquisition that the tangible potential for rapid growth will be obvious and compelling. Look for the announcement next week.
About North American Cannabis Holdings, Inc.
North American Cannabis Holdings, Inc. (USMJ) is founded on the core belief that cannabis makes people's lives better. Cannabis can fight disease, improve wellness and do so in an environmentally sustainable manner. North American Cannabis Holdings is dedicated to finding the best possible applications for cannabis to serve consumers. For more information please visit 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.