In the last trading session, the North American Cannabis Holdings Inc (OTC: USMJ) stock closed down -20.69% to $0.0035. A total of 1.33B shares were traded during the session, ranging from $0.0025 to $0.0046.
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How the company conducts business?
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Running a cannabis eCommerce business, North American Cannabis Holdings operates in the legal cannabis market in the United States through its subsidiaries. The business conducts a wide range of pilots in legal cannabis with the aim of exploring a wide range of new and exciting business opportunities in the sector.
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Business operations:
The company operates a destination beverage company that offers consumers the opportunity to interact with staff, learn about the specific benefits of cannabis, and choose drinks with certain ingredients that are healthy and refreshing. These include hemp infused coffee, smoothies, and cold pressed juices.
Moreover, it offers hemp infused foods, including raw hemp seeds. North American Cannabis Holdings, Inc. was known previously as Algae International Group, Inc. and changed its name in June 2015.
Recent developments:
USMJ early this month unveiled its strategic negotiations with CBD Sports Water maker Puration, Inc. (OTC: PURA). In the current economic environment, cannabis companies are striving to sustain success within the cannabis industry by achieving strategic and synergistic goals.
In response to the impact of the COVID-19 pandemic on its cannabis-themed restaurant operations, USMJ launched several efforts to refresh the company’s business plan. It was the first time USMJ and PURA have shared details about their co-development plans.
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In the future, both companies plan to create a strategic and synergistic strategy in order to optimize shareholder value within the cannabis business sector. The companies already share the same majority shareholder, and now plan to optimize their shareholder value within the cannabis economy.