Dallas / TX. (usmj) North American Cannabis Holdings Inc. (USMJ) acquired the Dallas Texas Metroplex CityBlends Café on June 30, 2015. The acquisition is part of business plan to rapidly roll-out a chain of cannabis infused destination beverage storefronts under the brand name «AmeriCanna Café». The acquired Dallas CityBlends Cafe is an ongoing operation with over a ten-year operating history selling CityBlend smoothies and other beverages and serving health conscious food.
North American Cannabis Holdings plans to rapidly roll-out the AmeriCanna Café with the advantage of the CityBlends national infrastructure, and with the management retained in the acquisition. North American Cannabis Holdings plans to introduce its first AmeriCanna Cafe drinks in the acquired CityBlends Cafe and potentially through out the CityBlends national network. North American Cannabis Holdings also plans with the acquired CityBlends Cafe management to open a first stand alone AmeriCanna Cafe in the Dallas Metroplex as the model store for the national chain.
North American Cannabis Holdings issued notes totalling 550’000 USD in exchange for the purchased asset. The notes are payable over a 24 month period. As North American Cannabis Holdings is a development stage company without sales to date, the Dallas CityBlends Café acquisition will have a substantial impact on the financial performance of the company from here forward.
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