What Is The Core Component Of North American Cannabis Holdings Inc (OTCMKTS:USMJ) Business Development Plan?
31 January 2018 - 1:43AM
InvestorsHub NewsWire
A core element of the business development plan
behind Puration Inc (OTCMKTS:PURA) and North
American Cannabis Holdings Inc (OTCMKTS:USMJ) is
to diversify businesses into related, but distinct business
entities. For example, the patented cannabis extraction business in
Puration was originally under North American.
The buzz
North American and Puration work together, but each can follow
investments and enhance shareholder returns via independent
listings. By positioning different operations within distinct
business entities, they enhance access to the limited accessibility
of follow-on funds within the micro-cap public investment scope.
They also reduce the risk of a probable weakness within in one
segment adversely impacting the viability of a distinct
function.
In a similar way, the two companies intend to further diversify
businesses into independent listings and they now have new required
tools that they consider will improve the spinoff procedure to
diversifying into separate listings. While the Puration spinoff was
done through the sale of the extraction business to another
micro-cap public firm that included a dividend concern of Puration
stock to North American shareholders, they now plan to take benefit
of the latest Regulation Crowdfunding tools to expand
operations.
North American Cannabis shareholders had to wait for one year
post the spinoff for the Puration dividend shares to be permitted
for free trading under prevailing rules for exemption from
registration. Their future direction involves registering separated
businesses under the latest Regulation Crowdfunding guidelines and
reducing the timeframe until spinoff stocks are eligible for
trading.
As the company look at new spinoff prospects, their selection
criteria are focused on facilitating their pursuit of the leading
cannabis market opportunities. Puration and North American Cannabis
are teamed up and with other third enterprises to position
stockholders to gain from the leading legal recreational market
prospects in California and Canada. Management is positive about
the California and Canada opportunities and enthused by the
business development plans to date.
Source: https://www.mmjobserver.com/what-is-the-core-component-of-north-american-cannabis-holdings-inc-otcmktsusmj-business-development-plan/29254/
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