USMJ and PJET Detail Dividend and Biz Plans for Canna-Themed Restaurant and being the “Amazon of Cannabis”

USMJ and PJET Detail Dividend and Biz Plans for Canna-Themed Restaurant and being the “Amazon of Cannabis”

DALLAS, Nov. 08, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — Puration, Inc. (USOTC: USMJ) (“USMJ”-RRB- now released an online presentation to detail the newly announced spinoff of its AmeriCanna Cafe business in a trade with Priority Aviation (USOTC: PJET) (“PJET”-RRB-.

The presentation includes details on AmeriCanna Cafe’s partnership with West Coast Venture Group (OTCQB: WCVC) (“WCVC”-RRB-, the owner and operator of the $3 million Colorado established Illegal Burger chain.

More information is already available online regarding the related sale of PJET’s Telluride Health Company to Puration, Inc. (USOTC: PURA) (“PURA”-RRB- in https://www.purationinc.com/thc.

The online presentation released today can be found on the business ’s website at https://www.growusmj.com/usmjpjetwcvc-presentation and the story from the demonstration can be seen in its entirety below.

AmeriCanna Cafe Spinoff and Dividend Affected in Transaction With PJET

The spinoff announced today was affected through the implementation of a securities exchange agreement involving USMJ and PJET.  USMJ has sold its AmeriCanna Cafe business in exchange for a convertible purchase note issued by PJET.  Neither USMJ nor PJET are executing a reverse split along with this transaction.  USMJ and PJET do plan to promptly convert the $1.5 million note into a range 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.  A dividend statement announcement is anticipated within the next 30 days.

The spinoff is part of a comprehensive strategy to support the AmeriCanna Cafe in enlarging and commercializing its own cannabis themed restaurant idea.  AmeriCanna Cafe recently announced an agreement with WCVC, the owner and operator of the $3 million Colorado established Illegal Burger chain, to associate in rolling out an AmeriCanna Cafe pilot featuring an AmeriCanna Cafe food truck in pop-up venues near a series of recreational marijuana dispensaries in Colorado.   Next week, PJET and WCVC have planned to initiate a major promotion program to start advertising in advance of their AmeriCanna Cafe pop-up rollout.

The USMJ spinoff of the AmeriCanna Cafe also supports USMJ’s strategy to focus its resources on the launching of a cannabis sector ecommerce website leveraging the organization ’s “USMJ” brand. An “Amazon of Cannabis” website is under development and coming soon.  A pre-launch website demonstrating the ecommerce engine capacities selling EVERx CBD Sports Water produced by USMJ affiliate PURA) is expected later this month.  The pre-launch site is intended to include the capability to accept cryptocurrency payments for EVERx.  USMJ has singed distribution rights to sell a host of CBD infused products online as well as selling a variety of cannabis industry related accoutrements.   The site is planned to be launched in time for holiday shopping for the cannabis connoisseur in your life.  

Learn more about USMJ in www.growusmj.com

Learn more about PURA in www.purationinc.com

Learn more about PJET’s THC performance at www.telluridehealthcompany.com

Learn more about West Coast Venture Group and Illegal Burger at
https://www.westcoastventuresgroupcorp.com/
https://www.illegalburger.com/

Steven Rash
CEO North American Cannabis Holdings, Inc..
info@aciconglomerated.com
+1-800-861-1350

Published at Fri, 09 Nov 2018 19:35:33 +0000

Posted in: News

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