NORTH AMERICAN CANNABIS HOLDINGS, INC (OTCMKTS:USMJ) And Puration Inc (OTCMKTS:PURA) reported the first production run of the awaited product ‘EpiVape.’ It is an affordable, disposable hemp-oil medicinal vaporizer. The innovative shape is extremely functional and at the same time designed well to position the Epivape product apart from existing range of cigarette shaped vaporizers. North American stated that the unique shape is designed in an attempt to fetch the attention of medicinal users compared to the recreational user.
The support
Dr. Sanjay Gupta of CNN has widely supported the Cannabidiol and hemp oil in formulation of effective hemp oil as a solution to muscle spasms and epileptic seizures. In addition to its application in the treatment of muscle spasms and epilepsy caused from Parkinson’s and MS, CBD oil is being applied to cure symptoms and various other neurological disorders. Cannabidiol enters the bloodstream rapidly through vaporizing compared to other ingestion methods.
The deal
North American entered into a deal in November 2014 to associate with World Hemp Oil to launch the ‘EpiVape’ to market. In this week, the company finalized the production design and engaged a manufacturer. The unique product ‘EpiVape’ is expected to be launched on retail and online platform in the first quarter of 2016. World Hemp, Puration and North American Cannabis are pushing to have online sales probably ready by year end.
The details
North American Cannabis entered into a deal to shift its cannabis consumer health product businesses under Puration. The company exchanged its respective operations against preferred stock of Puration. A part of the Puration preferred stock is lineup for conversion into PURA common stock to be given to North American shareholders using a dividend distribution process. The details of the dividend process will be provided in the upcoming USMJ yearly report to be released within the next fifteen days.
NORTH AMERICAN CANNABIS HOLDINGS, INC (OTCMKTS:USMJ) lost most of its gains made in the previous day as it ended the last trading session with a major loss of 18.52%. The volume of the day surged to 144 million, more than 3 times higher than the daily average of 41 million, indicating the intensity of the selloff. This kind of selling pressure is more than normal in a major bear market. Even in a base building process, movements in two directions are seen at work very frequently. The volume pattern indicates that the investors are not very confident about the future of the stock.
