SA Breaking News - USMJ develops plan to add $20M in marijuana, CBD sales

March 25, 2022 -- InvestorsHub NewsWire -- via pennymillions -- 

  By: Dania Nadeem, SA News Editor
 

• North American Cannabis (OTCPK:USMJ) said it has developed a plan that could add $20M in sales on top of revenue from its expanding ecommerce business.
• The company said the management plans to reveal highlights of the plan in a shareholder update scheduled for March 29.
• Under the plan, the company expects to grow and sell adult use marijuana in addition to capturing the opportunity for its recently acquired CBD sports nutrition beverage.
• USMJ's subsidiary, which has been growing hemp for CBD for the past four years, received an invitation from the New York Office of Cannabis Management to apply for the provisional adult-use cannabis license.
• The company said New York recently passed a new law to provide provisional marijuana cultivation licenses to existing hemp businesses.
• The company had recently relaunched the EVERx CBD Sports Nutrition Beverage, a CBD-infused liquid water.

Source - https://seekingalpha.com/news/3816981-north-american-cannabis-develops-20-million-marijuana-and-cbd-sales-growth-plan?mailingid=27135485&messageid=2900&serial=27135485.93&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=27135485.93

Other stocks on the move include HEMP, PURA and AABB

SOURCE: pennymillions