DALLAS, Texas, June 30, 2015 /PRNewswire/ -- North American Cannabis Holdings, Inc. (OTC: USMJ) today announced a strategic acquisition that is the cornerstone of the Company's recent 'AmeriCanna Café' launch. The destination beverage business plan and the acquisition announced today have been in the works for over a year. The acquisition brings almost a half a million dollars in immediate annual revenue, decades of experience and expertise in the health beverage market and access to an established sales, marketing, distribution and operations infrastructure.
The acquired Dallas Metroplex located health beverage café is the flagship licensee of the CityBlends smoothie and juice bar brand. CityBlends has a nationwide network of over 300 licensed smoothie and juice bar operators in addition to a growing global presence.
"The Dallas Metroplex store acquired by North American Cannabis Holdings is a longtime CityBlends leader and an ideal operation to work with in innovating a new beverage line," said Stephanie Suddarth, CityBlends President.
"Our cannabis beverage pilot and trials have provided us the hands on research to know our destination beverage plan is a sound, strategic opportunity. Today's acquisition provides North American Cannabis Holdings a great big leg up on the competition in the growing cannabis beverage market," said Steven Rash, North American Cannabis Holdings, CEO.
The Company plans to release a detailed overview of the AmeriCanna Café business plan in the coming days now that today's acquisition has been completed.
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 www.growusmj.com.
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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, amongst 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.
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SOURCE North American Cannabis Holdings, Inc.