AMERICAN SEED & OIL

Farming For America’s Future

 

North American Cannabis Holdings, Inc. Realizes 47% Revenue and 39% Gross Profit Increases Qtr to Qtr with 47% Operating Income Improvement

Company Posts Qtrly Report Ending December 31, 2015

Dallas, Texas – 23 February 2016 – North American Cannabis Holdings, Inc. (USMJ) today announced posting its quarterly financial report for the period ending December 31, 2015. 

The Company entered the emerging cannabis sector in the fall of 2013 founded on the core belief that cannabis makes people's lives better - fighting disease, improving wellness and doing so in an environmentally sustainable manner.  Under its subsidiary, the American Seed & Oil Company, North American Cannabis Holdings has conducted a number of various pilots in the legal cannabis sector - one of which led to the launch of the AmeriCanna Cafe.  Today the Company continues to conduct ongoing cannabis sector pilots while continuing to develop the AmeriCanna Cafe. 

In its most recent finical report posted yesterday for the quarterly period ending December 31, 2016, the Company reported $137,000 in revenue reflecting a 47% increase over the previous quarter.  Gross profit increased 39% quarter to quarter totaling $71,000.  Overall income form operations improved 47% quarter to quarter with the Company substantially reducing its burn rate.

Management anticipates revenue and margin increase to continue and accelerate in the future with the rollout of new retail stores and through the introduction of the recently announced EVERx Sports and Fitness Nutritional Supplements.

The quarterly report for the period ended December 31, 2015 includes a number of additional notable growth and sustainability indicators such as the continued reduction of legacy liabilities associated with operations prior to the Company’s launch into the cannabis sector.  The report also includes important narrative updates, one of which encompasses the latest progress on the upcoming dividend distribution of Puration, Inc. stock to be issued to North American Cannabis Holdings’ shareholders.  The North American Cannabis Holdings, CEO, Steven Rash plans to release a more detailed online presentation this coming Thursday, February 25th reviewing the latest progress reported in the quarterly report ending December 31, 2015.

About North American Cannabis Holdings, Inc.

North American Cannabis Holdings, Inc. (USMJ) is founded on the core belief that cannabis makes people's lives better. Cannabis can fight disease, improve wellness and do so in an environmentally sustainable manner. North American Cannabis Holdings is dedicated to finding the best possible applications for cannabis to serve consumers. For more information please visit http://www.growusmj.com.

Follow the company on Twitter: https://twitter.com/US_HEMP.

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.

CONTACT:
Steven Rash
Phone: +1-972-528-0162
Email: 
Info@growusmj.com

Algae International Group Announces LOI To Acquire Nutritional Beverage Destination Company With Plan To Introduce Cannabis Beverage Café Franchise

Target Acquisition Is Fitness Nutrition Industry Leader With 10 Year Beverage Store Front Operating History 

DALLAS, May 29, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), today announced a letter of intent (LOI) to acquire a leading nutritional beverage destination company with a ten year operating history.  The anticipated acquisition is part of the Company’s plan to introduce and rapidly expand a cannabis beverage café franchise.

Algae International Group recently announced a pending corporate name change to North American Cannabis Holdings, Inc. to reflect the Company’s shift over the last eighteen months to a concentration on the emerging, legal cannabis market in the United States.

“Cannabis is rich with nutritional and medicinal benefits,” said Algae International Group, CEO Steven Rash. “We have been piloting a cannabis infused beverage and our experience has led us to develop a destination beverage strategy where consumers can interface with trained staff to learn about specific benefits and select healthy and refreshing cannabis infused beverages.  Our cannabis café will initially include custom blended hemp infused coffee, cold pressed juices and smoothies in addition to carrying raw hemp seeds and other hemp infused foods on shelf space. As state and federal law permits, we will add THC infused beverages and foods”

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Algae International Group Announces CEO Letter To Shareholders Detailing 18 Month Shift To Cannabis Business

DALLAS, May 12, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), today announced plans to change the corporate name from Algae International Group, Inc. to North American Cannabis Holdings, Inc. pending necessary approvals from FINRA.

The name change is being introduced to reflect the Company's shift over the last eighteen months to a concentration on the emerging, legal cannabis market in the United States.

More detail on the Company's cannabis sector concentration can be found in the letter to shareholders from the Company CEO, Steven Rash, included in its entirety below.

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American Seed & Oil Company Cannabis Sales Growth And Consumer Product Line Expansion Discussed In CEO Interview On ‘The Stock Radio’

DALLAS, May 7, 2015, /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, today announced a CEO Steve Rash interview by ‘The Stock Radio.’  Mr. Rash highlights the Company’s cannabis cultivation history and evolution into it’s current business operations.  In particular, he discusses the recent Cannabis Beverage launch and the plans to expand the Beverage Line as part of an overall expansion into a complete Cannabis Infused Consumer Product Line.  

To hear the entire interview, visit:  http://thestockradio.com/otcpink-alga-algar-international-group-inc-pres-steven-rash/

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American Seed & Oil Company Announces Cannabis Infused Sexual Health, Weight Loss & Fitness Beverage Line Expansion Plans

Company Wins Financing Support For Health Beverage Company Acquisition

DALLAS, May 5, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, today highlighted plans to expand its existing beverage line.  The Company currently offers the DuBe Hemp Energy Shot for sale online and through retail distribution.  The Company also recently disclosed ongoing negotiations to acquire a notable health beverage company.  Management anticipates the beverage company acquisition to be completed within 30 to 45 days

“The American Seed & Oil Company has been in discussions with a Dallas, Texas based health beverage company for almost one year regarding the joint development of a line of cannabis infused drinks,” Said CEO Steven Rash.  “Those discussions evolved to include specific negotiations for the American Seed & Oil Company to acquire the health beverage company.  Yesterday, the American Seed & Oil Company received an investment commitment supporting the proposed acquisition to include the post acquisition initial focus on introducing hemp infused beverages for sexual health, weight loss and fitness.”

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American Seed & Oil Company’s DuBe Hemp Energy Shot Now Available Online

Health Beverage Company Acquisition Under Negotiations

DALLAS, April 29, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, today announced the DuBe Hemp Energy Shot available for purchase online. The DuBe Hemp Energy Shot is now offered on line with a host of additional healthy hemp foods and 100% organic hemp skin care products.

Visit: HEALTHY HEMP DELECTEBLES on the American Seed & Oil website.

American Seed & Oil Company’s overall mission is to create a variety of market competitive, environmental conscious, consumer and commercial products utilizing various forms of cannabis.  In the advance of that mission, the Company has recently announced the DuBe Hemp Energy ShotHippie Butter Hemp Seed Foods, the EpiVape, and Hempster Clothing

American Seed & Oil Company has already introduced the DuBe Hemp Energy Shot into a retail distribution pilot program and is now adding DuBe to the line of Hippie Butter products already available online.

Separate from the DuBe Hemp Energy Shot, American Seed & Oil Company has been working with an existing Health Beverage company to develop additional hemp infused beverages.  American Seed & Oil Company is now in negotiations to potentially acquire the Health Beverage company, consolidate the company’s existing sales and expand those sales with the introduction of healthy, hemp infused beverages. While the initial beverages will be infused with hemp, to include CBD, which is legal in all fifty states, the infusion of THC from Cannabis is planned for when and where laws permit. 

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American Seed & Oil Company Launches Online Hempster T-Shirt Sales Today, April 20th, as Part of Year Long Campaign to End Marijuana Prohibition

Support Marijuana Legalization This 4/20 With A Hempster T-Shirt From American Seed & Oil Company

DALLAS, April 20, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, launched today the online sales of its new 'Hempster Clothing' line.

HEMPSTER T-SHIRTS TO LEGALIZE MARIJUANA 

American Seed & Oil's overall mission is to create a variety of market competitive, environmental conscious, consumer and commercial products utilizing various forms of cannabis.  Hemp requires half the water and half the land required by cotton to produce equal quantities of fiber for clothing production.  While cotton accounts for a major portion of agricultural pesticides, hemp requires no pesticides at all. 

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American Seed & Oil Company Benchmarks its Consumer Product Development Strategy Against Proctor & Gamble

"To Understand the American Seed & Oil Company, think Proctor & Gamble or Johnson & Johnson," says CEO Steven Rash

DALLAS, Apr. 17, 2015 /PRNewswire/ --Steven Rash, the CEO of Algae International Group, Inc. (ALGA), and its operating subsidiary American Seed & Oil Company, presented the Company's latest developments in an exclusive presentation to investors yesterday in New York City.  Mr. Rash's presentation featured the Company's Product Development Strategy.

The American Seed & Oil Company has recently announced the Dube Hemp Energy DrinkHippie Butter Hemp Seed Foods, the EpiVape, and Hempster Clothing.  The Company has also announced a Medical Cannabis Cooperative

"To fully understand the American Seed & Oil Company product development strategy, think Johnson & Johnson or Proctor & Gamble," said Mr. Rash. "These two companies extensively research specific consumer needs and design very exact products to satisfy those needs.  As science and technology advance, the two companies enhance existing consumer products and innovate new products to better satisfy specific consumer needs."

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American Seed & Oil Company Announces Medical Cannabis Cooperative For Independent Hemp And Marijuana Cultivators

Hemp and Marijuana Cultivators To Benefit From Cooperative Funding, Improved Buying Power And Product Branding 

Dallas, TX / April 7, 2015 / Algae International Group, Inc. (OTC: ALGA), through its operating subsidiary American Seed & Oil Company, today Announced The American Seed & Oil Company Medical Cannabis Cooperative.  The intent of the Cooperative is to build an organization of independent hemp and marijuana cultivation organizations that by working together can more rapidly and soundly expand their respective operations.  American Seed & Oil Company is dedicating its previously announced $1.2 million in secured funding to The Medical Cannabis Cooperative.  

“American Seed & Oil Company is committed to establishing a leadership position within the developing U.S. legal cannabis industry,” said Steven Rash, CEO of Algae International, Inc. and its operating subsidiary, the American Seed & Oil Company. “We believe our investment of time, talent and resources in a Cooperative Cannabis Cultivation strategy will more rapidly expand our revenues and assets than solely investing in the construction of wholly owned cannabis cultivation operations.” 

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American Seed & Oil Company Announces 'Hempster Clothing' to Begin Online Sales April 20th as Part of Campaign to End Marijuana Prohibition

Vote for Your Favorite Promotional T-Shirt And Encourage Your Friends to Vote Too as Part of the Campaign to End Marijuana Prohibition

DALLAS, Mar. 31, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, today introduced the 'Hempster Clothing' line.

American Seed & Oil's overall mission is to create a variety of market competitive, environmental conscious, consumer and commercial products utilizing various forms of cannabis.  A clothing line was conceived as part of American Seed & Oil Company's original business plan.  Hemp requires half the water and half the land required by cotton to produce equal quantities of fiber for clothing production.  While cotton accounts for a major portion of agricultural pesticides, hemp requires no pesticides at all. 

Today, the company is introducing the first clothing items it plans to start selling through an ecommerce site by April 20th, 2015.  The introduction of the first clothing items will be combined with a campaign to fund efforts to legalize marijuana nationwide.  American Seed & Oil Company will introduce four t-shirts bearing various designs specific to the 'Hempster Clothing' line brand. One hundred percent of the profit from the sales of these first four t-shirts over the course of the next year will be donated to the Marijuana Policy Project (MPP), an organization dedicated to ending the federal prohibition of marijuana and empowering states to regulate their own marijuana policy.  MPP has been behind most state legalization changes to date to include Colorado's legalization in November of 2012.

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American Seed & Oil Company to Supply Hippie Butter LLC with Hemp Seeds, Hemp Oil and CBD Oil as Part of Joint Venture Agreement To Expand the Hippie Butter Brand

DALLAS, TX / March 24, 2015 / Algae International Group, Inc. (ALGA) through its subsidiary, American Seed & Oil Company, today announced a joint venture agreement with Hippie Butter LLC, (http://www.hippiebutter.com).  Under the terms of the agreement, American Seed & Oil will supply organically certified hemp, to include hemp seeds, hemp oil and CBD oil for use in the Hippie Butter line of consumer products.  As part of the overall agreement, American Seed & Oil will provide further marketing and investment support to expand the already recognized Hippie Butter brand. 

Hippie Butter is a premier, online grocer with a full-line of nutritious and delicious gourmet hemp seed food and skin/ hair care products legal in all fifty U.S. States and great for the entire family.  Hippie Butter’s consumer product line includes the HB Brand of CBD Oil (www.hipcbd.com), also legal and available in all fifty U.S. States.

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Algae International and American Seed & Oil Announce DTC Eligibility

Hemp and Marijuana Business Strategy Continues To Expand

DALLAS, March 19, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA) and its operating subsidiary American Seed & Oil Company, announced today that the Company has become eligible for the book-entry delivery and depository services of The Depository Trust Company (the "DTC") to facilitate electronic settlement and transfer of its common shares.

The DTC, a subsidiary of the Depository Trust & Clearing Corporation (DTCC), manages the electronic clearing and settlement process of publicly traded companies.  Securities approved for electronic clearance and settlement through the DTC are considered "DTC eligible."  This electronic method of clearing securities streamlines the settlement process for investors and brokers.  DTC eligibility enables stock to be traded over a wider selection of brokerage firms that require DTC eligibility as a prerequisite.

 

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American Seed & Oil Company Releases 2015 Q2 Report and CEO Update

Update Includes Overview of Current Hemp and Marijuana Operations and Preview of Rapid Business Expansion Under Way 

Dallas, TX / Feb 25, 2014 / Algae International Group, Inc. (OTC: ALGA), through its operating subsidiary American Seed & Oil Company, today announced the release of the Company’s 2nd quarter financial report and an accompanying update from the Company’s CEO, Steven Rash

Dear Shareholders and Interested Investors:

Thank you for your interest in our Company.  An idea presented to me a year ago that seemed to be a good plan at the right time has become much more than just another promising venture.  Algae International’s American Seed & Oil Company subsidiary has become a passion project in which I am now intimately involved.  I am sincerely grateful for the time you have taken to read my letter.

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IJJ Corporation and American Seed & Oil Introduce US Veterans PTSD Residential Treatment Facility Project to Include Marijuana in Treatment Plan

SILVER SPRING, Md., Feb. 18, 2015 /PRNewswire/ -- IJJ Corporation (IJJP) has entered into a partnership agreement with American Seed & Oil Company, a subsidiary of Algae International Group, Inc. (ALGA), to build a residential treatment facility for U.S. Veterans with chronic Post Traumatic Stress Disorder (PTSD). The treatment protocol will include, but will not require smoking or vaporizing marijuana but will require that all residents participate in an education program teaching sustainable marijuana cultivation skills. 

Plans for the facility call for construction on a 100-acre sustainable farm concentrating primarily on hemp and marijuana cultivation where resident patient/students will have the opportunity to practice and hone organic and sustainable farming skills. Plans for the facility also include establishing partnerships with other organic and sustainable farming operations nearby the treatment facility/school where patient/students will have the opportunity to gain experience with crops other than hemp and marijuana.

The PTSD residential treatment facility for U.S. Veterans was conceived by the American Seed & Oil Company, a subsidiary of Algae International Group, Inc. (ALGA). American Seed & Oil Company is founded, majority owned and managed by U.S. Veterans. American Seed & Oil Company approached IJJ Corporation based on IJJ's recent success with the innovative partnerships to expand marijuana farming facilities in Canada and the Michigan Plant Technologies LLC.

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