USMJ - North American Cannabis Holdings Takes Next Step In Reaction To Recent Acquisition Proposal
April 10 2018 - 11:09AM
InvestorsHub NewsWire
Dallas, TX -- April 10, 2018 --
InvestorsHub NewsWire -- North American Cannabis Holdings,
Inc. (USOTC:
USMJ) today confirmed that the company continues to entertain
an unsolicited acquisition proposal. In reaction to the
proposal, North American Cannabis Holdings has earmarked assets,
operations and business development initiatives that would-be part
of the unsolicited bid, and others that would not. At this
time, while North American Cannabis Holdings and Puration, Inc.
(USOTC:
PURA) share a common majority shareholder and work together on
multiple business operations and business development initiatives,
Puration is not part of the acquisition proposal.
Accordingly, any assets, operations and business development
initiatives not earmarked for consideration within the unsolicited
bid, will be directed toward Puration for ongoing management and
development. Among other assets, operations and developments,
the cannabis cultivation operation acquisition initiatives in
California and Canada previously announced as a joint effort by
both North American Cannabis Holdings and Puration are not included
in the unsolicited bid to acquire North American Cannabis
Holdings. Both the California and Canadian acquisition
initiatives continue to develop, and in the event an acquisition of
North American Cannabis Holdings proceeds, Puration will continue
with the California and Canadian acquisition initiatives on its
own. Management continues to evaluate the headline
acquisition proposal for its potential to accelerate growth and
enhance shareholder value. Shareholders can expect a thorough
update on the California and Canadian acquisitions, new retail
outlets for EVERx and a pending national distribution contract for
EVERx, in addition to the latest updates on the headline
acquisition proposal following the upcoming filing of Puration’s
2017 annual report.
For more information on North American Cannabis
Holdings and Puration, visit http://www.aciconglomerated.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.
For More Information, Contact:
Steven Rash
info@aciconglomerated.com
1-800-861-1350
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Mar 2024 to Apr 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Apr 2023 to Apr 2024