Alternet Systems Inc. (OTCPK:ALYI) signed letter of intent to acquire select assets from North American Cannabis Holdings, Inc. (OTCPK:USMJ) on November 1, 2016. The select assets intended to enable Alternet to introduce a cannabis retail payment system. Transaction is expected to close on December 20, 2016. Alternet Systems Inc. entered into an agreement to acquire select assets from North American Cannabis Holdings, Inc. on December 20, 2016.

Alternet Systems Inc. (OTCPK:ALYI) cancelled the acquisition of select assets from North American Cannabis Holdings, Inc. (OTCPK:USMJ) on November 1, 2017.