North American Cannabis Holdings in Conjunction with Puration and IJJ Corporation Refocus US Veterans PTSD Residential Treatment Facility with Cannabis Option
DALLAS, TX / ACCESSWIRE / August 18, 2016 / North American Cannabis Holdings, Inc. (USMJ) in conjunction with Puration, Inc. (PURA) and IJJ Corporation (OTC:IJJP) today released an update to the previously announced joint project to launch a residential treatment facility for U.S. Veterans with chronic Post Traumatic Stress Disorder (PTSD) that includes cannabis (THC and CBD) as a treatment option. USMJ's subsidiary, the American Seed & Oil Company and IJJP originally entered into a partnership last year to build the residential treatment facility on a targeted property in Vermont. Various red tape issues bogged down the Vermont initiative. The project has recently been renewed and refocused toward a targeted property in the Southern Front Range Region of Colorado.
Since the launch of the original initiative, USMJ has spun-off a cannabis extraction operation into the independently listed PURA which recently announced a $1 million collaboration agreement with Colorado based Spanish Peaks ScrumpDelicacies that includes the buildout of operations in the Southern Front Range Region. PURA is a natural addition to the USMJ and IJJP partnership. Spanish Peaks has also committed to build into its revenue model a percentage of sales to be dedicated to the ongoing operation of the U.S. PTSD treatment facility. USMJ and PURA both plan to explore with future customers securing commitments similar to Spanish Peaks dedication of a percentage of sales.
USMJ has also recently secured new business opportunities in Colorado that furthermore make Colorado a synergistic fit for the U.S. Veterans PTSD treatment facility. USMJ last week announced entering a $20 billion market signing a $1 million licensing agreement in Colorado with Rocky Mountain High Restaurant Group.
Since entering into the original partnership, IJJP has undergone a major overhaul of its entire business which is just now coming to fruition with the Company imminently coming current with the OTC Market Current Information reporting requirements.
USMJ CEO, Steven Rash and IJJP CEO, Clifford Pope are both wartime veterans. Through their respective personal commitments, the two have maintained the U.S. PTSD treatment facility project as a priority over the past year and actively worked to cut through and ultimately bypass red tape issues.
The Treatment Facility plans include the use of cannabis as an option in the treatment protocol as well as resident participation in an education program teaching organic and sustainable farming skills that emphasize organic cultivation.
To learn more about IJJ Corporation: http://ijjc.com/index.php/project-news/active-projects.
To learn more about Puration: http://www.purationinc.com
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To learn more about North American Cannabis Holdings: http://www.growusmj.com.
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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, among 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.
CONTACT:
Steven Rash
Phone: +1-972-528-0162
Email: Info@growusmj.com
SOURCE: North American Cannabis Holdings
