Company Issues Latest Update Following CEO Letter To Shareholders Confirming Puration Dividend and Ongoing Spinoff and Dividend Business Model
Dallas, TX – November 21, 2016
North American Cannabis Holdings, Inc. (USMJ) today issued an update to the comprehensive letter to shareholders released last week confirming USMJ’s commitment to the dividend of stock in Puration, Inc. (PURA). The letter details the regulatory application to issue a dividend and the corresponding iterative review process. Today, USMJ is informing shareholders that the latest regulatory response did not include any further historical review questions and otherwise only requested the Company’s issuance plan. The Company is coordinating a prompt response with the USMJ and PURA transfer agents. Management is optimistic that the application process is reaching completion and that a Payment Date can be imminently published.
To review the above mentioned letter to shareholders from CEO Steven Rash that confirms the Company’s commitment to the dividend of stock in Puration, Inc. (PURA) with a shareholder of record date of October 21, 2016, follow the link bleow. The letter includes the latest update on the process to issue the dividend. The letter also details how the current dividend process is a milestone event in the Company’s long-term strategic plan.
To learn more about North American Cannabis Holdings: www.growusmj.com
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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.