EXCHANGE & TRADING PARTNERS
ANX Intl
OneHash
OpenLedger
SimpleFX
Changelly
Evolve Markets
Latest News

North American Cannabis to launch ICO for cryptocurrency backed by cannabis securities

North American Cannabis Holdings, Inc. (USOTC: USMJ) a public OTC traded company has announced plans for an Initial Currency Offering (ICO) of a blockchain secured cryptocurrency. USMJ is a cannabis industry enterprise launch platform that has numerous cannabis businesses under development. USMJ notably launched Puration, Inc. (USTOC: PURA), a cannabis extraction company operating a U.S. patented extraction process, and the AmeriCanna Cafe generating over $500,000 in annual revenue for USMJ.

The company has been piloting a cannabis financial services business using the financial system technology from recently acquired Alternet Systems, Inc. (USOTC: ALYI). Now, the company plans to introduce a cannabis sector specific blockchain secured cryptocurrency through an ICO later this year.

USMJ plans to back the token with a cannabis investment portfolio. The investment portfolio will be built in conjunction with the strategy behind the American Cannabis Innovations Conglomerated (ACI) recent acquisition of a controlling interest in USMJ. ACI is a private equity backed roll-up founded to combine a variety of leading young cannabis companies with complementary offerings and synergistic operations.

USMJ is one of the first of five acquisitions in the cannabis sector ACI has planned for the near future. ACI is seeking to acquire early stage, undervalued businesses with intellectual properties validated by market tests, and commercial or consumer sales. ACI expects to accelerate the growth of acquired assets and improve the operating efficiency of acquired assets by improving access to investment, streamlining redundant functions and leveraging complementary functions.

The cannabis securities backed cryptocurrency strategy includes USMJ launching a social media site where cannabis entrepreneurs will be able to interact with potential investors, and where USMJ will from time to time make its own investments in entrepreneurial cannabis ventures toward a future independent listing and dividend of stock in the independent listing to USMJ shareholders.

Source:North American Cannabis Holdings

FEATURED TOKEN SALES

20 Sep 2017 - 10 Jan 2018

GoldMint

GoldMint is a blockchain-based platform that uses GOLD digital assets, which are 100% backed by physical gold or exchange-traded funds (ETF). This means that one GOLD costs the same as one ounce of gold on the LBMA exchange.

View Details

02 Oct 2017

B2BX

B2BX is a multifunctional system, which is an aggregator of cryptocurrency liquidity for marginal trading and liquidity distributor for brokerage companies.

View Details

08 Oct 2017 - 08 Nov 2017

Modex

Modex is a Smart Contract Marketplace that bridges the gap between developers and end users to bring the benefits of blockchain to the real world.

View Details

14 Oct 2017

Worldcore

Worldcore was already known as a successful payment institution when Ethereum was created. Since its launch, Worldcore has started offering a wide range of payment products, won awards and opened its virtual doors to thousands of customers worldwide.

View Details

Leave a Reply

1 Comment on "North American Cannabis to launch ICO for cryptocurrency backed by cannabis securities"

Notify of
Sort by:   newest | oldest | most voted
USMJ_Shareholder

Sounds good to me.

wpDiscuz
Ledger Wallet protects your bitcoins