Business
USMJ Releases Ecommerce Sales And Pending Dividend Distribution Updates
USMJ Releases Ecommerce Sales And Pending Dividend Distribution Updates.
About this update from North American Cannabis Holdings, Inc.
[{"type":"text","content":"\nDALLAS, May 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USJM) (“USMJ”) today released an update featuring the company’s Ecommerce sales growth and the pending dividend of Priority Aviation (name change pending) (USOTC: PJET) (“PJET”) stock to USMJ shareholders. Both the Ecommerce growth and pending dividend are parts of USMJ’s overall transition into a cannabis logistics company.  Since entering the cannabis sector in 2013 as a cannabis enterprise incubation company, USMJ has engaged in and developed a number of cannabis business operations.  A leading cannabis business under USMJ’s umbrella has been its cannabis themed restaurant operations.  The cannabis themed restaurant operations have resulted in the development of logistics skills.  In the fourth quarter of last year, USMJ initiated a business transition to focus ongoing business development on becoming a leading cannabis sector logistics provider.  This transition has been highlighted by the spinoff of the company’s AmeriCanna Cafe concept restaurant to PJET in a deal that includes an intended dividend distribution of PJET stock to USMJ shareholders.  The transition has also been highlighted by the introduction of a cannabis sector Ecommerce site that features USMJ’s logistics capacity through the fulfillment of cannabis sector product sales. The update today provides the latest news and next steps on the USMJ Ecommerce business and the pending dividend of PJET stock to USMJ shareholders.\n Dividend of PJET Stock To USMJ Shareholders In the fourth quarter of last year, USMJ sold its AmeriCanna Cafe concept restaurant to PJET in a transaction that included USMJ receiving PJET stock intended for distribution to USMJ shareholders through the issuance of a dividend.  PJET has exited its previous business operations.  The previous PJET business operations had languished and PJET had become delinquent in its public disclosures published through OTC Markets. The initial planned step toward the dividend distribution of PJET stock to USMJ shareholders was for PJET to come current with its required OTC Markets disclosures.  Coming current with OTC Markets disclosure requirements has proven to be a more time-consuming task than ...