DALLAS, January 20, 2017 /PRNewswire/ --
North American Cannabis Systems, Inc. (USOTC: USMJ) today announced that 50 million shares of Alternet Systems (USOTC: ALYI) common stock has been reserved for a dividend distribution to USMJ shareholders. ALYI is a fully reporting public company in the business of developing financial systems software. USMJ is a cannabis industry public company in the business of developing a variety of enterprise solutions for the emerging legal cannabis sector.
ALYI To Be USMJ's Second Stock Dividend Distribution
USMJ has already spun-off a proprietary cannabis extraction company into the standalone public company Puration, Inc. (USOTC: PURA) issuing one share of PURA common stock to every USMJ shareholder holding 200 shares of USMJ common stock. The dividend distribution of ALYI stock will be USMJ's second dividend in the execution of USMJ's unique business model designed to directly connect investors with the dramatic early return on investment (ROI) opportunities created by the fruits of cannabis sector entrepreneurs' labors.
More USMJ Stock Dividend Distributions Yet To Come
To learn more about USMJ's cannabis sector enterprise business development model see the Company's recently published CANNABIS RULES online presentation. Additional cannabis enterprise spinoffs and dividend distributions are currently underway.
$500,000 In Current Annual Revenue And Additional Pilot Projects In The Works
USMJ has annualize revenues today of approximately $500,000 from the operation of its developing AmeriCanna Cafe business. USMJ is also at this time developing a line of cannabis infused sports and wellness supplements among other ongoing pilot projects.
Learn More About ALYI's Cannabis Retail Payment Solution
Last week, USMJ and ALYI management met in Miami where ALYI is headquartered to advance the transaction executed between the two Companies last month resulting in the anticipated dividend distribution of ALYI common stock to USMJ shareholders. On December 20, 2016, USMJ and ALYI announced a share exchange agreement between the two companies structured to launch a cannabis retail payment system to be offered by ALYI. Today, USMJ has published an online presentation to inform shareholders of the details of the Miami meeting:
To learn more about North American Cannabis Holdings: 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.
SOURCE North American Cannabis Systems, Inc. and Puration, Inc.