USMJ - North American Cannabis develops plan to add $20M in marijuana CBD sales

North American Cannabis (OTCPK:USMJ) said it has developed a plan that could add $20M in sales on top of revenue from its expanding ecommerce business. The company said the management plans to reveal highlights of the plan in a shareholder update scheduled for March 29. Under the plan, the company expects to grow and sell adult use marijuana in addition to capturing the opportunity for its recently acquired CBD sports nutrition beverage. USMJ's subsidiary, which has been growing hemp for CBD for the past four years, received an invitation from the New York Office of Cannabis Management to apply for the provisional adult-use cannabis license. The company said New York recently passed a new law to provide provisional marijuana cultivation licenses to existing hemp businesses. The company had recently relaunched the EVERx CBD Sports Nutrition Beverage, a CBD-infused liquid water.

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North American Cannabis develops plan to add $20M in marijuana, CBD sales