USMJ and ALYI Enter Cannabis Retail Payment System Sector Anticipated To Ring $50 Billion In Sales By 2026
2016年12月20日 - 10:29PM
InvestorsHub NewsWire
North American Cannabis Holdings and Alternet Systems
Enter Cannabis Retail Payment System Sector Anticipated To Ring $50
Billion In Sales By 2026
Dallas, TX – December 20, 2016 --InvestorsHub NewsWire-- –
North American Cannabis Systems, Inc. (USMJ) today announced
executing an agreement with Alternet Systems, Inc. (ALYI) whereby
the two Companies will combine resources and efforts to
commercialize and launch a retail payment system for the cannabis
sector. Forbes anticipates legal cannabis
sales to ring nearly $7 billion in sales in
2016. A recent report from Bloomberg
indicates legal cannabis annual sales will reach $50 billion in the next ten
years.
ALYI Provides Payment System Services; USMJ Shareholders
Receive ALYI Stock
North American Cannabis Holdings and Alternet Systems have been
working together on a retail payment system for the cannabis sector
since the beginning of this year. In the agreement announced
today, all efforts and resources going forward will be consolidated
under Alternet Systems and the cannabis retail payment system will
be a service provided by Alternet Systems. In exchange, North
American Cannabis Holdings receives Alternet controlling preferred
stock. A portion of the Alternet preferred stock has been
designated for a future conversion into Alternet common
stock. The converted Alternet common stock is intended for
distribution to the shareholders of North American Cannabis
Holdings through the issuance of a dividend.
USMJ Cannabis Pilot Development, Spinoff and Dividend
History
North American Cannabis Holdings continuously pilots various
cannabis sector enterprises. Pilots that prove promising, North
American Cannabis Holdings spins-off into stand-alone public
companies in a transaction that includes a dividend distribution of
stock in the stand-alone public company to the North American
Cannabis Holdings shareholders. The Alternet Systems
transaction announced today will be the second spinoff and dividend
transaction North American Cannabis Holdings has executed since
entering the cannabis sector in 2013. Last year, North
American Cannabis Holdings entered into a similar transaction with
Puration, Inc. (PURA). Last week Puration common stock was
distributed through a dividend to North American Cannabis Holdings
shareholders.
ALYI Financial Software Development Track
Record
Alternet has a long-term track record in developing innovative
financial services industry software solutions. The company
is guided by a team of executives specializing in entrepreneurial
endeavors, innovation, corporate strategy, financial and executive
management of multi-national organizations, and a vast network of
industry resources. Alternet recently developed a unique
financial services solution which was successfully sold allowing
the Company to realize a 47% ROI.
To learn more about North American Cannabis
Holdings: growusmj.com
Follow the Company on
Twitter:
US_HEMP
To learn more about Alternet
Systems:
alternetsystems.com
Follow the Company on Twitter:
AlternetSystems
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), and as such, may involve risks and
uncertainties. These forward looking statements relate to, amongst
other things, current expectation of the business environment in
which the company operates, potential future performance,
projections of future performance and the perceived opportunities
in the market. The company's actual performance, results and
achievements may differ materially from the expressed or implied in
such forward-looking statements as a result of a wide range of
factors.
USMJ Contact:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
Alternet Systems (PK) (USOTC:ALYI)
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