USMJ - North American Cannabis Holdings Plans To Make USMJ a Billion-Dollar Brand Name In 2019
December 20 2018 - 4:35PM
InvestorsHub NewsWire
USMJ - North American Cannabis
Holdings Plans To Make USMJ a Billion-Dollar Brand Name In
2019
Farmers Branch, TX -- December 20, 2018 --
InvestorsHub NewsWire -- North American Cannabis Holdings, Inc.
(USOTC:
USMJ) (“USMJ”) today released an online update on the imminent
launch of the company’s Amazon of Cannabis E-commerce site and
plans to build the “USMJ” name into a billion-dollar brand name in
2019. USMJ recently spun-off its AmeriCanna Cafe business to
Priority Aviation, Inc. (USOTC:
PJET) (“PJET”) with the intent of issuing PJET common stock to
the shareholders of USMJ in a dividend distribution as a component
of the spin-off transaction. The intent remains the same and
the update includes the latest progress toward that end. PJET
plans to soon change its corporate name in conjunction with the new
business direction. PJET has entered into an agreement with
West Coast Venture Group (OTCQB:
WCVC) (“WCVC”) to roll out the AmeriCanna Cafe concept
restaurant in Colorado in the Spring of 2019 where USMJ, PJET and
WCVC all co-participate in an AmeriCanna Cafe marketing
campaign. The onset of that marketing campaign is a 2019 Miss
USMJ Calendar to go on sale any minute now. Miss USMJ
Calendar Mary Jane Girls will participate via social media and live
events in conjunction with the AmeriCanna Cafe rollout marketing
campaign. Today, USMJ is a million dollars in annual sales
cannabis logistics company supporting various cannabis enterprises
that expects to leverage its logistics background to dramatically
expand its new E-commerce business and substantially grow its
revenue in 2019. The update narrative is included in its entirety
below in addition being available on the company’s website at
www.growusmj.com.
USMJ Billion Brand Name and E-Commerce
Site
The USMJ warehouse is stocked with
products that will be sold on the USMJ E-commerce site. The
USMJ E-commerce site is built and ready to launch. The
payment engine is in place. All the launch is waiting on now
is legal sign-off to make sure the site abides by the rapidly
evolving related regulations. We still expect to launch the
site before the end of December. We can’t wait. We’re
all so excited and think the market will be
to.
The site is designed to be a source of
information on the continually evolving landscape of the cannabis
industry in addition to being source of CBD products for people and
pets, and a source of products for members of the cannabis
lifestyle community. The site will help members of the
cannabis lifestyle community find what they’re looking
for.
AmeriCanna Cafe Rollout With
WCVC
West Coast Ventures Group Corp. (WCVC)
develops, owns and operates two contemporary restaurant concepts:
Illegal Burger, a quick-casual burger + bar concept, and El Señor
Sol, a full-service fresh Mexican restaurant (5 restaurants in
the Denver Colorado area). The Company generates gross
annual sales of $2,725,000.
Illegal Burger, a subsidiary of West Coast
Ventures has partner with AmeriCanna Cafe to pilot a
cannabis-themed restaurant in Colorado. The pilot will be
launched in the form of a food truck featured in pop-up venues near
a series of recreational marijuana dispensaries in Colorado.
The pilot rollout is scheduled to start in the spring of
2019.
USMJ will soon introduce the 2019 Miss
USMJ Calendar for sale in conjunction with an AmeriCanna Cafe
marketing campaign. The 2019 Miss USMJ Calendar Mary Jane
Girls will participate in the campaign via social media and live
events.
The initial agreement between Illegal
Burger and AmeriCanna Cafe does not include any exchange of equity
between the two companies or their respective parent companies.
Management of both companies indicates a future equity exchange is
possible.
PJET Dividend Coming
Soon
PJET issued USMJ a $1.5 million
convertible note in exchange for the AmeriCanna Cafe business as
part of the spin-off transaction. PJET and USMJ are working to
promptly convert the $1.5 million note into a number of
common PJET shares sufficient to issue one PJET common share for
every fifty shares of USMJ common shares issued and outstanding.
All of the PJET common shares issued in conversion of the
purchase note are slated for distributed to USMJ shareholders in a
dividend distribution. Prior to issuing the PJET dividend,
PJET plans to have its past-due reports required by OTCMarkets
updated prior to the issuance of the dividend. The reports
are all updated, and the posting of the reports is imminent.
PJET expects to have all reports updated and the dividend issued
very soon with the target remaining to be complete before year
end. Holiday schedules of all the various entities required
to complete all of the above is a concern, but PJET management is
pushing forward.
USMJ 2019 $10 Million Sales
Goals
USMJ has a consistent base of business
that management anticipates will continue in the range of
approximately $1 million per year. Without having yet
launched the E-commerce site, management is hesitant to voice its
sales goals and set expectations too high or too low. Having
offered our precautions regarding our sales goals, we are
conservatively expecting to double our sales in the next calendar
year and we are setting a goal or sales goal on reaching a annual
sales rate of $10 million a year from
now.
www.growusmj.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.
Steven
Rash
CEO
North American Cannabis Holdings, Inc.
info@aciconglomerated.com
+1-800-861-1350
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