USMJ Accumulation Trend Building Toward News Triggered PPS POP
July 22 2016 - 10:47AM
InvestorsHub NewsWire
New York, NY -- July 22, 2016 -- InvestorsHub NewsWire --
Wall Street Corner Report highlighted today a
building accumulation trend in the stock of North American Cannabis
Holdings, Inc. (USMJ).
Recent trading performance appears to indicate a building
opportunity for a news trigger PPS Pop.
USMJ has historically, over the last year, been a high volume
trader. The PPS trend has been down - bottoming out at
$0.0001. The Company continues to make substantial strides in
the execution of its cannabis sector business plan. The
trading volume, while still high, is down from its previous
peeks. A chart analysis shows that buyers have been
accumulating stock at the $0.0001 price. The slowing volume
and accumulation trend appear to indicate reduced liquidation from
convertible notes. In fact, the size of the offer has been
going down and even flirting with an uptick to $0.0002.
Recent updates from the Company indicate a number of potential
milestone events are in the works. Reduced stock sales from
convertible debt combined with the accumulation trend are ripe
conditions to support a potentially dramatic PPS increase triggered
by the announcement of a milestone event.
The wtd avg PPS is $0.0008. An immediate pop back to the wtd
avg PPS would not be an overwhelming surprise.
Learn more about North American Cannabis Holdings on the Company’s
website:
http://www.growusmj.com/
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This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of factors.
Jack Taylor
info@wallstreetcornerreport.com
North American Cannabis (CE) (USOTC:USMJ)
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