DALLAS, Texas, May 10, 2016 /PRNewswire/ --
North American Cannabis Holdings, Inc. (USMJ) today announced inking a $1 million investment agreement to fund its flagship AmeriCanna Cafe.
In June of last year, USMJ announced the launch of the AmeriCanna Cafe - a destination beverage franchise designed to let consumers interface with trained staff to learn about the specific benefits of cannabis and to select healthy and refreshing cannabis infused beverages. The menu is initially intended to include custom blended hemp infused coffee, cold pressed juices and smoothies in addition to carrying raw hemp seeds and other hemp and hemp extract infused foods. As state and federal law permits, management plans to add THC infused beverages and foods to the menu.
Shortly after the launch of the AmeriCanna Cafe, USMJ announced the strategic acquisition of an existing ten-year-old health and fitness smoothie cafe located within the Dallas metroplex ringing approximately half a million dollars in annual retail sales. The health and fitness retail restaurant operation has brought decades of industry experience and a platform for menu development.
Next, in August of 2015, the Company announced selecting a site in Frisco, Texas to open the first AmeriCanna Cafe. Frisco, Texas has been recognized in recent years by Forbes as one of the top 10 places to relocate and by Money Magazine as one of the top 100 places to live. Frisco, Texas is also the new home of the Dallas Cowboys with the Club's new facility opening this summer. Frisco is already home to the Dallas Stars and FC Dallas.
The investment agreement is predicated on USMJ finalizing the acquisition of the property that will house the flagship AmeriCanna Cafe. The land and improvements will secure the investment.
More details on the Company's latest plans for the AmeriCanna Cafe are included in a CEO Presentation released on the Company's website last week. The Presentation was conducted jointly with the CEO of Puration, Inc. (PURA). PURA will be the source of hemp extracts found on the AmeriCanna Cafe Menu:
Learn more about Puration, Inc. and keep up to date on the rapid changes anticipated throughout 2016 on the Company's website: http://www.purationinc.com/.
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 http://www.growusmj.com.
Follow the company on Twitter: https://twitter.com/US_HEMP.
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, among 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.
North American Cannabis Holdings, Inc.
SOURCE North American Cannabis Holding's, Inc.