North American Cannabis Holdings Inc (OTCMKTS:USMJ) shares were flat on Tuesday at $0.00060 and unchanged in after-hours trading. The company has a market cap of $22,100 at 36.88 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.
North American Cannabis Holdings Inc has entered into the marijuana industry in 2013 to pilot various cannabis sector enterprises and now it is well-positioned to take advantage of the expected boom. The market is expected to grow to $20 billion by 2020 thanks to the November 8 vote that legalized the use of medical or recreational marijuana in several US states. Legislation is pending in Canada as well.
Last year, the company announced that it is set to close the acquisition of controlling interest in Alternet Systems by December 20, 2016. Alternet Systems is a company that develops and commercializes a growing portfolio of digital commerce technologies and already has a long-term track record in financial services industry software solutions.
Along with this announcement, North American Cannabis Holdings Inc also shared that it has partnered with Puration under their EVERx Sports and Fitness Nutritional Supplement Brand Name. These products will be targeted to athletes looking to enhance their performance, as CBD can substantially reduce recovery times and increase cardio output. Apart from that, CBD infused products can also target the general public that is becoming more aware of the health benefits of these products, such as mitigating diabetes risk and reducing cancer cells.
This partnership is ready to bear fruit as Puration and North Cannabis Holdings Inc will reveal the major industry trade show where EVERx Cannabinoil (CBD) Infused Bottled Water will be officially launched.
The launch event is going to be huge, and both USMJ and PURA have big roles to play” said Steven Rash, CEO of North American Cannabis Holdings Inc. “An amazing ensemble of smart people and terrific organizations are coming together for what will be a tremendous launch event. When we tell you all about the EVERx launch event it will be crystal clear to you how USMJ and PURA fit together and how all the hard work getting to this launch has been worth it. EVERx is a winner and you will see it endorsed by winners at our launch event. You don’t want to miss our announcement next week on Thursday, February 2nd and you don’t want to miss our launch event in March. Put it on your calendar now.”
Earlier this year, Puration published a $3 million revenue plan and later on announced that sales channels are poised to surpass this target. The company’s proprietary extraction process is combined with Alkame Holdings’ patented technology that alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry.
I first want to start by saying that Alkame Holdings’ was absolutely the right partner for PURA to pick for producing the EVERx CBD Infused Sports Drink with PURA’s proprietary CBD extract.” said Brian Shibley, CEO of Puration. “ALKM has been great. Not only is ALKM’s patented water a perfect platform for PURA’s proprietary CBD extract, the people at ALKM are simply the best kind of people to work with. They are committed to the mission; passionate about the mission and laser beam focused on the mission. EVERx CBD Infused Water is the best CBD infused water you can find. All of us at PURA, USMJ and ALKM can’t wait to tell you about the product launch details. Just wait until you hear about the product launch plans on Thursday, next week. You’re going to be excited too.”
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