North American Cannabis Holdings Inc (PK:USMJ)
Business Focus: Special Foods & Welbeing Products
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | 2520 S 3rd St Unit 206 LOUISVILLE KY 40208-1442 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Edward Bollen Chairman of the Board, Chief Executive Officer | Randell R. Torno President, Treasurer | James D. Tilton Chief Operating Officer, Director |
| Business Overview |
| North American Cannabis Holdings, Inc. focuses on the market for legal marijuana products. The Company is engaged in the business of organic growing and cold pressing of oil from organic mass within the hemp and cannabis market. It is also engaged in providing services to build a hemp and cannabis growing capacity, a hemp and cannabis testing facility, and a hemp and cannabis-related clothing business. The Company's structure consists of two divisions: American Seed & Oil Company; and AmeriCanna Cafe. It focuses on cannabis-infused consumer product pilots centered on the areas of healthcare and consumer wellness, and a cooperative for cannabis growers that focuses on sustainability. The American Seed & Oil Company focuses on two areas: cannabis-infused consumer product pilots centered on the areas of healthcare and consumer wellness; and a cooperative for cannabis growers that focuses on sustainability. AmeriCanna Cafe is a cannabis-infused beverage shop chain. |
| Financial Overview |
| For the nine months ended 31 March 2013, North American Cannabis Holdings Inc revenues was not reported. Net loss decreased 92% to $80K. Lower net loss reflects Gain/(Loss) on Sale of asset decrease from $353K (expense) to $0K, Change in fair value of derivative liab. increase from $25K (expense) to $140K (income), Interest and finance costs decrease of 61% to $88K (expense). |
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