What Is The Core Component Of North American Cannabis Holdings Inc (OTCMKTS:USMJ) Business Development Plan?

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.

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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/