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Home 🌿 Marijuana Business News 🌿 North American Cannabis Holdings Enters $20 Billon Market Signing Initial $1 Million License Agreement with Rocky Mountain High Restaurant Group 🌿

North American Cannabis Holdings Enters $20 Billon Market Signing Initial $1 Million License Agreement with Rocky Mountain High Restaurant Group

Submitted by Marijuana News on Thu, 08/11/2016 - 11:47

North American Cannabis Holdings, Inc. (USMJ) today announced a master licensing agreement for the State of Colorado. Rocky Mountain High Restaurant Group has entered into an agreement with North American Cannabis Holdings to operate North American's AmeriCanna Cafe fast casual concept restaurant in the State of Colorado. The agreement includes a $1 million first year inventory commitment.

In a first step toward developing a cannabis themed restaurant for the health conscious consumer, North American Cannabis Holdings last year in June of 2015 acquired a fitness cafe with a full breakfast, lunch and dinner menu. The operation of the acquired fitness cafe provided North American Cannabis Holdings with a platform for developing its AmeriCanna Cafe concept. The Company realized approximately $500,000 in sales over the previous 12 months from operating the restaurant.

North American Cannabis Holdings is now launching a campaign to franchise and license the AmeriCanna Cafe as a cannabis themed, fast...

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