• Daily Marijuana Observer Facebook
  • Daily Marijuana Observer Twitter
  • Daily Marijuana Observer StockTwits
  • Daily Marijuana Observer SA
  • Daily Marijuana Observer Instagram
  • Daily Marijuana Observer Youtube
  • Pinterest Social Icon
  • Daily Marijuana Observer Talk Market

USMJ and Alternet Partnering for Southwest Cannabis Conference

April 4, 2017

 

DALLAS, April 4, 2017 /PRNewswire/ -- North American Cannabis Holdings, Inc. (USOTC: USMJ), commonly known as "USMJ", and Alternet Systems, Inc. (USOTC: ALYI) today announced that Alternet Systems retail point of sale system, designed specifically for the cannabis sector, will be on display and processing orders for USMJ's AmeriCanna Cafe display at the upcoming Southwest Cannabis Conference and Expo in Fort Worth, Texas April 22-23.

 

Coming Dividend Distribution of ALYI Stock to USMJ Shareholders 

 

At the end of 2016, USMJ and ALYI entered into a share exchange agreement orchestrated around capitalizing ALYI to launch a retail payment system specifically designed for the cannabis industry. The exchange included a reservation of ALYI common stock to be issued to USMJ shareholders in a dividend distribution. The dividend distribution of ALYI common stock will be the second dividend distribution to USMJ shareholders. Last fall, USMJ issued common stock in Purtion, Inc. (USOTC: PURA) to USMJ shareholders in an earlier dividend distribution.

 

USMJ recently announced the official launch of its AmeriCanna Cafe to take place at the Southwest Cannabis Conference and Expo. USMJ will display a sample AmeriCanna Cafe storefront at the EXPO to include the ALYI retail payment system. The purpose of the AmeriCanna Cafe conference participation is to solicit and develop partnerships to open multiple AmeriCanna Cafe restaurant operations. The AmeriCanna Cafe will be serving CBD-infused smoothies to EXPO attendees.

 

Learn More About USMJ: growusmj.com

 

Learn More About PURA: purationinc.com

 

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure or prevent any disease.

Please reload

LATEST NEWS
Please reload

Please reload

DMO

© Copyright 2016-2020 Smoke Show Ventures, Inc.

RSS Feed

Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.