USMJ Stock Tech Analysis Indicates VERY BULLISH Following Dividend Date of Record Announcement
September 28 2016 - 12:02PM
InvestorsHub NewsWire
New York, NY – September
28, 2016 – Wall Street Corner Report
Candle Stick analysis published by Stock Technical Analysis
(Stockta.com) indicates Overall BULLISH conditions for North
American Cannabis Holdings, Inc. (USMJ).
Stockta’s Short Term and Intermediate Term analysis indicates
VERY BULLISH. Stockta’s Long Term outlook is BULLISH (See
Stockta Charts Below).
The Bullish analysis comes after USMJ yesterday announced a
Dividend Date of Record:
North American Cannabis Holdings
Announces Dividend For Shareholders of Record On October
21st
DALLAS, September 27, 2016
/PRNewswire/ -- North American Cannabis Holdings, Inc. (USMJ)
today announced that all shareholders as of October 21, 2016 will
be eligible to receive the first dividend to be issued in
conjunction with the Company's cannabis enterprise business
development model.
USMJ entered the cannabis
sector in 2013 with a strategy to pilot various cannabis sector
enterprises. The Company planned to facilitate the financing
necessary to expand successful pilot projects by spinning
graduating projects off into standalone public companies. The
first spinoff was executed last year when Puration, Inc. (PURA)
acquired graduating pilot project assets from USMJ in
exchange for PURA preferred stock. A portion of
the PURA preferred stock was designated for conversion
into common stock and issuance to USMJ shareholders.
As of October 21, 2016 (End of
Day), all USMJ shareholders of record will be eligible to
receive a dividend issuance of PURA common stock.
USMJ shareholders will receive 1 share
of PURA common stock for every 200 shares
of USMJ common stock they own on October 21,
2016.
Wall Street Corner Report
believes both USMJ and PURA to be leading prospects within the
sector micro cap public sector. See our recent articles:
Big Week
For Long-Term Cannabis Sector Contenders USMJ and
PURA
What’s In Your Marijuana Stock
Portfolio? Better Find Out Before A News Triggered
Rally
Stock Tech Analysis Charts:
To learn more about Puration: http://www.purationinc.com
Follow Puration on
Twitter: https://twitter.com/Puration710
Visit Puration on
Facebook: https://www.facebook.com/puration/
To learn more about North American
Cannabis Holdings: http://www.growusmj.com.
Follow the Company on
Twitter: https://twitter.com/US_HEMP
Wall Street Corner
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We take a practical view on the big ideas of well-intentioned
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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
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