North American Cannabis Holdings and Puration Signal Full Steam Ahead in Canada and California Recreational Marijuana Markets

DALLAS, TX / ACCESSWIRE / March 15, 2018 / North American Cannabis Holdings, Inc. (OTC PINK: USMJ) and Puration, Inc. (OTC PINK: PURA) are continuing to forge ahead with establishing operations in Canada and California to position both companies to benefit from the respective legalization of recreational marijuana. USMJ recently announced a letter of intent to acquire a company in California that would advance USMJ’s strategy to enter the recreational marijuana grow and dispensary markets in California. PURA has recently announced developments in California to establish an extraction operation and produce cannabis extract infused beverages for the legal California recreational marijuana market. Together, USMJ and PURA have been developing an opportunity to acquire a grow operation in Canada in advance of the pending nationwide legalization of recreational marijuana expected this coming July. Management indicates a letter of intent agreement in Canada that would lead to USMJ acquiring a grow operation and PURA establishing an extract facility, is imminent. USMJ recently reported 28% organic revenue growth with over $400,000 in sales for the first six months of the fiscal year for 2018. PURA’s sales of EVERx are increasing rapidly with multiple retail outlets and a new distribution partner. With solid historical momentum and the developing expansion opportunities in Canada and California, the combined management of USMJ and PURA indicate operations are full-steam-ahead, and that a strategic acquisition is anticipated to close within the first week of April.

For more information on North American Cannabis Holdings and Puration, visit

Disclaimer/Safe Harbor:

This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

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SOURCE: North American Cannabis Holdings, Inc.

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Cresa Dallas doubles its operations with move into new Dallas-Fort Worth office in North Dallas – Dallas Business Journal

It’s only been a few months since the re-established team behind Cresa Dallas moved into its new North Texas regional hub at the recently-renovated Pinnacle Tower near LBJ Freeway and the Dallas North Tollway, but, in that time, managing principal Scott Bumpas has more than doubled the size of his staff.

The tenant rep-only brokerage firm has taken its Dallas employee base from four executives to a team of nine brokers and employees focused on turning North Texas into a major market for Cresa.

"Our goal when Alex and I first started was to build a quality brokerage firm that would be committed to diversity and attracting women," Bumpas told the Dallas Business Journal during a recent tour of the firm’s new office, which they hope to grow in the years to come.

"Good quality female brokers are tough to find, and we want to bring in diversity in the broad sense of the term, not just females to build a better team, so we aren’t all thinking the same way," he added.

The employee-owned brokerage firm, which is based out of Washington D.C., is in the process of re-establishing its Dallas office with the backing of it headquarters.

In doing so, Bumpas and his management team, which includes Cresa Managing Principal Brant Bryan, have been able to recruit some top North Texas brokers attracted to the ability to exclusively deal with tenants or other occupiers of real estate, he said.

"We want to get the right people in to do it," he said, adding Cresa has the ability to expand its 4,400-square-foot office at 5005 LBJ Freeway in Dallas.

We sat down to talk to Bumpas and his team in their new conference room:

Where does Cresa see opportunity to expand in the future?

The tenant rep-only business doesn’t exist globally, and we see an opportunity to bring full tenant representation to other countries, like Poland or Beijing, that want to be part of the tenant rep-only business.

What kind of recruitment tools are you using to lure brokers to the firm in North Texas?

We are attracting brokers who see an opportunity for ownership and who act like entrepreneurs. These are the kind of brokers we want to work with us because we also work with those type of companies. The role of a commercial real estate broker has changed because buyers have done their homework and they may know what they want. We are acting more in a consultant role, with our real estate knowledge being of secondary importance to our clients.

What is your team bringing to the market that’s different from other brokerage firms?

We have three different service lines that are all focused on the corporate occupier. We bring our expertise, insights and experience to help companies find the right real estate to support their business objectives. Real estate costs are less than 10 percent of a business’ costs. We can help them make sure the real estate they are searching for is actually needed, and a lot of times, like in the case of logistics firms, we can help them whittle down the number of logistics hubs they have after a full analysis to save them money.

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North Texas-based Bloomfield Homes plans to develop 750 new affordable homes in Mesquite – Dallas Business Journal

Mesquite has been experiencing "unprecedented new home construction" unlike the city has seen since the 1980s, officials say.

And on Monday, North Texas-based Bloomfield Homes announced it will add to the pipeline with plans to develop 750 new homes in the Ridge Ranch master-planned community near East Cartwright Road and Lawson Road.

City manager Cliff Keheley said the builder decided to continue its success in Mesquite on the heels of selling hundreds of new homes in another master-planned community in the city.

"Their enormous success in Hagan Hill on Interstate 20 has demonstrated that executive-style homes can be built and sold in our community," Keheley said in a written statement. "This was realized by the fact that last year, the average value of a new home permitted in Mesquite rose by 30 percent to nearly $262,000 dollars."

The model homes at Ridge Ranch are slated to be ready for would-be home buyers to tour by early 2019.

The master-planned community surrounds Mesquite ISD’s Don Achziger Elementary School and will have an amenity center.

The one-story and two-story single-family homes will range in size from 1,800 square feet to 4,000 square feet of living space, and some of the home lot sites will be big enough to accommodate swimming pools and three-car garages.

The builder plans to price the Ridge Ranch homes between $260,000 and $400,000.

Bloomfield Homes is ranked as one of the larger homebuilders in Dallas-Fort Worth, according to Residential Strategies’ latest data. Homebuilders throughout North Texas are seeking ways to put more affordable homes on the ground for buyers.

Largest North Texas Homebuilders

Ranked by # of Local New Home Closings in 2016

Rank Business Name # of Local New Home Closings in 2016 1 D.R. Horton Inc. 4,320 2 Highland Homes- Dallas LLC 1,456 3 Lennar Corp. 1,321 View This List

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Dallas oilman Trevor Rees Jones sells $15.9 million University Park manse

Dallas oilman Trevor Rees Jones has sold his almost 2-acre University Park estate.

The 12,458-square-foot mansion on Turtle Creek was built in 1996. The English Tudor Revival house has five bedrooms, six and a half baths and eight fireplaces. It was built of limestone imported from England and assembled by English craftsmen.

The Volk Estates property was listed for sale for $15.9 million. Kathy Myers and Lacy Schultz of Dave Perry-Miller Real Estate sold the house for an undisclosed price.

"Homes in this price range perform differently," Schultz said in a statement. "Currently there are 12 homes on the market in the $10 million to $25-million range in the Park Cities and Preston Hollow vicinity that have been on the market for a while.

"Two of these 12 homes have just gone under contract," she said. "I think this is indicative of an active spring market for estate properties."

She said Perry-Miller Real Estate has the two pending contracts on the top-market homes.

In 2017, North Texas real estate agents sold 1,652 single-family homes priced at $1 million or more. That was a 21 percent jump in million-dollar home sales from 2016.

The house sits on almost two acres on Turtle Creek.

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Dallas Lags Behind in Median Family Incomes


Incomes vary for any number of reasons—education, skills and talent, type of job, productivity, work effort, wealth, industries’ ups and downs, bad or good luck. The simple truth about the labor market goes a long way toward explaining the wide and persistent income gaps among Dallas-Fort Worth cities.

In 2015, median family incomes ranged from a high of $211,847 in University Park to a low of $28,427 in Wilmer, a small suburb to Dallas’ southeast. With median family income of $46,902, Dallas ranks fourth from the bottom, behind Wilmer, Hutchins, and Seagoville.

Median Income in Four North Texas Cities
Percent of families

Some other large North Texas cities: $124,794 in Frisco, $101,750 in Plano, $78,682 in Arlington, $62,345 in Fort Worth, $57,926 in Irving, and $55,417 in Garland. Overall, the median for the DFW metropolitan area was $70,673. For the nation, it was $66,011.

Dallas generates a tremendous amount of wealth—the product of all those gleaming downtown skyscrapers, a vibrant financial sector, the booming real-estate sector, and the retail and services industries spread across the city. So why do the city’s incomes trail all but a handful of suburbs and the nation as a whole?

Data on family incomes reflect where people live—not where they’re employed. Once the workday ends, commuting patterns leave Dallas with an income distribution that’s relatively flat, with 37.6 percent of resident families earning less than $35,000 a year and 77.2 percent living on less than $100,000. The rest make over $100,000, with 8.3 percent reporting incomes above $200,000.

Dallas residents’ median income—the value with the same number of families above and below—falls in the $35,000 to $49,999 range, well below the midpoint for most of the rest of the DFW area.

By contrast, the fast-growing northern suburb of Frisco skews toward higher-income families, with 64 percent above $100,000 and less than 4 percent in the low-income groups. Garland clusters around the middle class, with half its families between $35,000 and $99,999. Less than 5 percent of families in Wilmer make more than $75,000 a year.

Family Incomes Across Dallas-Fort Worth
Dallas has some of the lowest earnings in the region.

When it comes to income distribution, the Dallas-Fort Worth area probably looks a lot like other metropolitan areas. Post-World War II prosperity—especially the rapid spread of car ownership—led to a mad rush toward suburbanization, with middle-class families moving out of cities in search of more affordable housing, better schools, and lower crime rates. At the same time, gentrification of once-poor neighborhoods pushed low-income families to the fringes, where they took the place of middle-class suburban families that moved farther out.

Highway building hurried the process along, creating a ring of suburban outposts that moved farther and farther from Dallas proper. Workers typically commuted from suburbs to cities, but in recent decades, the jobs have been moving closer to where the workers live and suburban cities have been adding amenities.

It culminates in Frisco. A mere dot on the map in 1990, this city of 125,000 can now boast about its high-income families, the region’s fastest job growth (see “The Geography of Job Growth,” April D CEO), and the Dallas Cowboys’ practice facility.

Decades of population shifts resulted in today’s pattern of median family income. A swath of higher income suburbs stretches across DFW’s northern tier—from Keller and Southlake, through Frisco, Plano, Allen and McKinney, and over to Rockwall. Dallas itself and the first-generation suburbs show relative lower incomes. Income tends to rise again toward the south, but these suburbs aren’t doing as well as the cities to the north.

Dallas can’t be pleased to continue as a DFW also-ran in family income. Raising the city’s medium family income might start with remembering what created the suburbanization boom: families’ preference for quality housing they can afford, good schools for their children, and a safe place to live. Pulling people back from the suburbs will be hard, especially now that amenities and jobs are taking root in one-time bedroom communities.

W. Michael Cox is founding director of the William J. O’Neil Center for Global Markets and Freedom at Southern Methodist University. Richard Alm is writer-in-residence at the center.

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Housing Boom Continues In North Texas

DALLAS, Texas (CBS 11 News) – The housing boom continues in North Texas, and it doesn’t seem to be slowing down anytime soon.

According to new numbers released by the U.S. Census Bureau the Dallas Fort-Worth metro area has seen the third largest population increase in the country behind Houston and New York. The area added more than 108,000 people between July 2012-July 2013. Since 2010, the whole area has grown to more than 6.8 million residents.

The growing numbers of people has given way to a competitive housing market where buyers usually get outbid and end up having to go over budget to buy their ideal homes.

Chad Henderson from said “we’re blessed with good stable job growth, and it’s a business friendly environment, and our taxes are relatively low”, as to why the trend of moving to North Texas is so popular.

The sweeping of residents in these areas means a shortage of home buying options.

Regina Sierra is trying to relocate to the mid cities area says she has been looking for a house for about 2 years,but always gets out bid.

Sierra said , “there’s an open house on Saturday. By Monday there is already a contract. So it’s very competitive.”

Real estate experts say the best advice to home buyers is to have a trusted realtor who can move quickly on the homes, and be prepared to be out bid.

(©2014 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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As mortgage rates go up, will it be harder for Dallas-area homeowners to sell?

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Worries about higher interest rates have sent Wall Street into a tailspin during recent days.

The housing market may face some turbulence, too. Home mortgage rates rose this week for the fifth week in a row. The cost of financing a home is now at one of the highest points in years.

Along with pulling down the securities market, higher interest rates are likely to slow the rate of home price appreciation in markets across the U.S., said Daren Blomquist, economist with Attom Data Solutions.

"Especially in light of what we’ve seen in the stock market in the last few days, I think there is going to be a lot more pressure on interest rates to go higher," said Blomquist, who was in North Texas this week for a mortgage industry conference. "What people have predicted in the last few years is actually going to happen.

"The pressure is there for interest rates to rise."

The prospect of higher inflation and growing federal borrowing to pay for the big tax cuts and other spending is fueling worries about rising interest rates. That could mean homebuyers get a double whammy — both higher home prices and finance costs.

"The housing market has become somewhat dependent on low interest rates," Blomquist said. "It’s going to be an adjustment for the industry to deal with even marginally higher interest rates.

"In markets that have gone hog wild in terms of home prices, they are going to be in for a rude awaking as interest rates rise."

Dallas-Fort Worth is one of those "hog wild" home price markets.

Median North Texas housing costs have shot up by more than 40 percent in the last four years to an all-time high. Attom Data Solutions estimates that home prices in the D-FW area rose by more than 9 percent last year — one of the highest in the country.

Blomquist thinks that as long as job growth in North Texas continues to boom with thousands of people moving to the area, demand for houses will remain strong.

But it could be harder for sellers to hike their prices if buyers are having to spend more for mortgage interest every month.

"A little bit of headwind of rising interest rates could be good for the market," he said. "When you have substantial price appreciation happening you start to get in danger of over speculation."

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North Texas gardening courses offer comprehensive ‘newcomer’ instruction

DALLAS — Two free public courses aim to equip new gardeners with the tools to establish lush lawns, vibrant landscapes and bountiful vegetable gardens in the unique and unforgiving growing conditions of North Texas, organizers said.

The first session of Newcomers Guide to Gardening in North Texas is Feb. 10, 8:30 a.m.-12:30 p.m., Texas Discovery Gardens at Fair Park, 3601 Martin Luther King Jr. Boulevard, Dallas.

The second installment is March 3, 8 a.m.-1:00 p.m., Collin College Conference Center, 2400 Community Avenue, McKinney.

The courses are conducted by Texas A&M AgriLife Research’s Dallas-based Water University program along with local cities and water providers. Daniel Cunningham and Patrick Dickinson, Texas A&M AgriLife Research horticulturists in Dallas, will lead attendees through comprehensive instruction on gardening basics including soil preparation, effective fertilization, fruits, vegetables, regionally adapted turfgrasses and proper selection of plants.

The duo will also review resource-efficient irrigation and maintenance practices.

“Anyone who joins us will come away with a wealth of practical information that could boost their success in our Texas conditions while saving money and protecting precious resources,” Dickinson said. “Attendees also will have the support of Water University, its free courses all year and its connections in North Texas and the state at large.”

“Dallas/Fort Worth is one of the fastest growing metropolitan areas in the nation,” Cunningham said. “Our influx consists of new homeowners from across the U.S. and other countries. A basic understanding of our sometimes unforgiving conditions can help them produce beautiful, bountiful plants while becoming effective stewards of our natural resources.”

Go to and click “Events Calendar” to RSVP for Newcomers Guide to Gardening in North Texas.

“We have limited capacity for each course; they are free so they fill up fast,” Dickinson said.

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North American Cannabis Holdings Frisco Restaurant Location Near New Dallas Cowboys World Headquarters Coming Soon

DALLAS, TX / ACCESSWIRE / February 1, 2018 / North American Cannabis Holdings, Inc. (OTC PINK: USMJ) today announced its longtime-in-the-coming restaurant located near the new Dallas Cowboys World Headquarters, The Star, in Frisco, Texas, will be opening soon. North American Cannabis Holdings, Inc. launched into the restaurant sector in 2015 introducing the AmeriCanna Cafe concept. Continue reading “North American Cannabis Holdings Frisco Restaurant Location Near New Dallas Cowboys World Headquarters Coming Soon”