Dallas, TX – September 26, 2016 – North American Cannabis Holdings, Inc. (USMJ) and Puration, Inc. (PURA) plan to announce tomorrow, September 27, 2016, the date of record on which all shareholders holding USMJ stock will be eligible to receive stock in PURA.
USMJ entered the cannabis sector in 2013 with a strategy to pilot various cannabis sector enterprises. The Company planned to facilitate the financing necessary to expand successful pilot projects by spinning projects off into standalone public companies. PURA is the first spinoff. Last year, PURA acquired pilot project assets from USMJ in exchange for PURA preferred stock. A portion of the PURA preferred stock was designated for conversion into common stock and issuance to USMJ shareholders. The two Companies plan to announce tomorrow the date on which USMJ shareholders of record will be eligible to receive PURA stock.
More details on the two Companies is available on their respective websites:
To learn more about Puration: http://www.purationinc.com
Follow Puration on Twitter: https://twitter.com/Puration710
Visit Puration on Facebook: https://www.facebook.com/puration/
To learn more about North American Cannabis Holdings: http://www.growusmj.com.
Follow the Company on Twitter: https://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.
Brian Shibley, CEO