Algae International Group Announces Corporate Name Change and New Ticker
North American Cannabis Holdings, Inc. (USMJ)
DALLAS, June 10, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), announces a corporate name change and corresponding ticker symbol change.
The new corporate name is ‘North American Cannabis Holdings, Inc.’
The new ticker symbol is ‘USMJ.’
The name change comes in conjunction with a strategic shift initiated by the Company eighteen months ago to pursue the emerging, legal cannabis market in the United States. Today, the Company’s operational focus 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 developing the best possible applications for cannabis to serve consumers.
North American Cannabis Holdings’ has recently announced the launch of a destination beverage company where consumers can interface with trained staff to learn about the specific benefits of cannabis and select healthy and refreshing cannabis infused beverages. The destination beverage subsidiary is expected to enjoy a rapid rate of growth accelerated by North American’s current DuBe Hemp Energy drink distribution business and the previously announced pending acquisition of an existing, ten year old fitness café operation.
North American Cannabis Holdings’ original entry into the cannabis sector was through the 2013 launch of its American Seed & Oil Company subsidiary founded to conduct various pilots in the legal cannabis sector in order to explore a variety of high growth potential business opportunities. The Company will continue to develop existing and new pilot initiatives under the American Seed & Oil Company subsidiary.
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.americanseedandoil.com and look for a new North America Cannabis Holdings, Inc. website coming soon.
Follow the company on Twitter: http://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.