North American Cannabis Holdings Letter To Shareholders
DALLAS, APRIL 15, 2016 - North American Cannabis Holdings, Inc. (USMJ) today released a letter to shareholders from CEO Steven Rash. The letter is included in its entirety below.
I am as enthusiastic about the future of North American Cannabis Holdings as ever. My enthusiasm stems from what we have done so far, and learned along the way, as well as all we are now doing, and what we have in the works for the future. We launched a strategy to pilot various cannabis entrepreneurial enterprises back in late 2013. We believed that no one knew exactly what this emerging legal cannabis market held and that there was no clear enterprise on which to focus for a clear ROI. The market has proved our view to be accurate. The short history of the cannabis sector so far is marked by concept companies with short spans of market interest. Many of those concept companies have already packed up shop. We’re in it for the long-haul.
As you may know, we’ve put a stake in the ground on our beverage business, the AmeriCanna Cafe, and we are expanding upon that business to include cannabis infused sports and fitness nutritional supplements under the brand name EVERx. We are continuing under the American Seed & Oil Company subsidiary to pilot new projects. Next week on April 20th, the cannabis market celebrates 420 Day, and as part of the celebration, we are looking forward to re-introducing our Original Hempster clothing line with perhaps another surprise or two. Again, we’re in it for the long-haul.
Former Federal Reserve Chief, Alan Greenspan noted that “stock prices can deviate from ‘fundamentals.’” He said, “human propensity to swing between euphoria and fear, which, while heavily influenced by economic events, has a life of its own. In my experience, such episodes are often not mere forecasts of future business activity, but major causes of it.” I contend that it is largely fear and euphoria that is driving share prices in the cannabis sector and not fundamentals. We all know the cannabis market is very big and legalizing means that businesses with profit and loss statements, balance sheets and cash flows can be built to capture profitable slices of that very big market opportunity. However, the legality is still evolving and the market is far too early on to produce reliable historical ‘fundamental’ measurements and benchmarks. That leaves cannabis share prices strongly linked to ‘fear’ and ‘euphoria’ with little in the way of ‘fundamentals’ to rely on for investment decision making.
The PPS of North American Cannabis Holdings reflects fear and euphoria within the cannabis sector. Fortunes can be, and have been made on investing in fear and euphoria. They can likewise be lost. I’m not hear to encourage euphoria or fear one over the other or in anyway recommend an investment strategy. On the contrary, regardless of PPS performance, we plan to continue executing on our business plan here at North American Cannabis Holdings – developing the AmeriCanna Cafe and EVERx and piloting new projects under the American Seed & Oil Company. We have no plans to execute a reverse split in an effort to see a higher PPS. We will simply continue to execute on our business plan and let the market decide on its level of confidence. We have every intention of sustaining through this exciting entrepreneurial time in the emerging cannabis sector until such time we can generate fundamental performance that might weigh more into future investing decisions than it does today. Once more, we’re in it for the long-haul.
Thank you for your interest, time and attention,
North American Cannabis Holdings, Inc.
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.