A Dallas cannabis company said it has reached an agreement to receive a $1 million capital injection to fund a hemp cafe planned for an affluent suburb north of the city.
North American Cannabis Holdings, which goes by the acronym USMJ, plans to open a cafe in the town of Frisco, Texas. Offerings will include “custom blended hemp-infused coffee, cold-pressed juices and smoothies … raw hemp seeds and other hemp and hemp extract infused foods,” according to a press release.
The shop will be called the AmeriCanna Cafe (not to be confused with the Colorado edibles company AmeriCanna). And the investment deal comes after USMJ acquired a Dallas smoothie cafe last June, which provided the template for AmeriCanna Cafe’s menu development.
Details of the investment agreement weren’t disclosed. USMJ said it’s predicated on the company finalizing the purchase of land where the cafe will be located. The news release didn’t mention when the cafe may open for business.