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North American Cannabis Holdings Reports 23% Annual Revenue Growth, and 45% Reduction in Liabilities

 

Today, North American Cannabis Holdings, Inc. (OTC:USMJ) filed its 2016 Annual Report for the year ending June 30th, 2016. Shares of USMJ are up following the positive report.

 

Highlights:

  • USMJ reported sales of $515,475.

  • This represents annual revenue growth of roughly 23%.

  • USMJ cut over $2,000,000 in debt.

  • This represents a reduction in balance sheet liabilities by approximately 45%.

  • There will be an upcoming dividend scheduled for October 21, 2016 where USMJ shareholders will be issued shares in Puration Inc. (OTC:PURA).

For the full North American Cannabis Holdings (OTC:USMJ) 2016 Annual Report, click here.

For the full press release regarding the 2016 Annual report, click here

 

Chart Credit: Tradingview

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