Financial News

North American Cannabis Holdings Announces 1st EVERx Shipment Adding to Current $550k In Annualized Revenue

New EVERx Sales To Bolster 1st Quarter 47 Percent Revenue Growth and 39 Percent Gross Profit Increase as Company Enters $64 Billion Market

DALLAS, TX / ACCESSWIRE / March 8, 2016 / North American Cannabis Holdings, Inc. (OTC: USMJ) today announced it's first EVERx sports and fitness nutritional supplements shipment. The Company's new EVERx product line is expected to hit shelves before the end of the March. Online sales through major online retailer portals is anticipated to follow the introduction of brick and mortar retial sales.

North American Introduced the EVERx sports and fitness nutritional supplement line last month in conjunction with the 50th Super Bowl. A number of current and former NFL players are now advocates for medical marijuana in the treatment of head injuries and pain management. North American is in discussions with a Texas based, certified NFL agent exploring potential sponsorship opportunities and in fact, conducted a key meeting yesterday toward that end.

A recently published 127-page report on the overall growing sports and fitness nutrition market estimates current sector annual revenues of $64.17 billion.

EVERx sales are anticipated to add to the Company's exceptional first calendar quarter results. For the period ending December 31, 2016, the Company reported $137,000 in revenue ($550,000 in annualized revenue), a 47% increase over the previous quarter. Gross profit increased 39% quarter to quarter totaling $71,000. Overall income from operations improved 47% quarter to quarter with the Company substantially reducing its burn rate.

See CEO Presentation On Q1 Calendar Results

See Company Presentation On EVERx Product Line

About North American Cannabis Holdings, Inc.

North American Cannabis Holdings, Inc. (OTC: 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, among 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

SOURCE: North American Cannabis Holdings, Inc.

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