Presentation To Include Highlights Of Recent Research Report Coverage Upgrade To ‘Speculative Buy’ Recommendation With Near Term $0.15 PPS Target
DALLAS, December 21, 2015 -- North American Cannabis Holdings, Inc. (USMJ) today announced an on demand shareholder presentation scheduled for release on December 22, 2015 to introduce a new AmeriCanna Cafe product line.
In June of this year, North American Cannabis Holdings introduced its rollout of the AmeriCanna Cafe national chain. Later that month, the Company announced the acquisition of the Dallas Metroplex City Blends Cafe as the strategic cornerstone of the AmeriCanna Cafe rollout. The Company’s recent financial reports including the approximate $420,000 in annualize revenue coming from the acquisition served as the impetus for a recent analyst coverage upgrade to a ‘speculative buy’ recommendation and $0.15 PPS target.
Through an online, on demand presentation to be released nn Tuesday next week, North American Cannabis Holdings will introduce a fitness supplement line under the AmeriCanna Cafe brand name to be sold through retail distribution outside of the AmeriCanna Cafe storefronts. The product line is expected to accelerate high margin revenue growth in 2016 and reinforce AmeriCanna Cafe brand recognition.
The presentation will be available on demand from the Company's website beginning Tuesday morning on December 22, 2015. The Company plans to publish a press release on December 22, 2015 with a link and navigation instructions to the on demand presentation.
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 http://www.growusmj.com.
Follow the company on Twitter: http://twitter.com/US_HEMP.
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.