CEO Presentation Reviewing Financial Performance Following Quarterly Report Ending March 31 Scheduled for Tuesday May 24 2016
DALLAS, TX / ACCESSWIRE / March 17, 2016 / North American Cannabis Holdings, Inc. (USMJ) today announced filing its quarterly financial report for the period ending March 31, 2016. The Company reports $377,000 YTD sales through its third fiscal quarter. Revenue of $145,000 for the current quarter reflects an increase of 6% over revenue for the previous quarter and gross profit of $76,000 for the current quarter reflects an increase of 8% over the previous quarter. Overall income from operations continues to improve quarter to quarter reducing the Company’s burn rate.
The Company CEO Steven Rash will present an online review of year-to-date financial performance next Tuesday, May 24, 2016. The online presentation will include additional information on the recently announced $1 million investment to fund the Company’s AmeriCanna Cafe.
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: 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, among 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.