DALLAS, TX / ACCESSWIRE / November 16, 2016 / North American Cannabis Holdings, Inc. (OTC: USMJ) and Puration, Inc. (OTC: PURA) today announced recognizing a major milestone in the combined strategy of the two cannabis industry companies with the passage of Proposition 300 legalizing the use of marijuana in bars and restaurants.
CNBC: Denver is first city in US to allow pot in bars, restaurants
USMJ is a cannabis enterprise launch pad that has introduced the AmeriCanna Cafe and a proprietary cannabis extraction capacity among other entrepreneurial cannabis enterprise operations. USMJ reported over $500,000 in revenue in the last year attributed to the pilot development of the AmeriCanna Cafe. USMJ also spun off its cannabis extraction pilot now operated under PURA. The two companies entered into separate but complimentary contracts in Colorado earlier this year to respectively expand the AmeriCanna Cafe opportunity and PURA's cannabis extraction prospects.
Denver's Proposition 300 on last Tuesday's Ballot to legalize marijuana use in bars and restaurants was too close to call. One week later, the final vote is now in making Denver the first City to legalize marijuana use in bars and restaurants.
While USMJ and PURA's business plans for Colorado did not depend on Proposition 300 passing, the legalization of marijuana use in bars and restaurants is certainly a major milestone for two company's working together in Colorado in the restaurant and cannabis edibles sector.
To learn more about North American Cannabis Holdings: growusmj.com.
Follow the Company on Twitter: US_HEMP
To learn more about Puration: purationinc.com
Follow Puration on Twitter: Puration710
Visit Puration on Facebook: Facebook.com/puration/
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Puration Contact:
Brian Shibley, CEO
[email protected]
+1-214-937-9097
USMJ Contact:
Steven Rash
[email protected]
+1-972-528-0162
SOURCE: North American Cannabis Holdings, Inc.