Cannabis Sector Builds Toward US Election Day 2016 PPS Rally
October 19 2016 - 10:32AM
InvestorsHub NewsWire
Cannabis Sector Builds Toward US Election Day 2016 PPS
Rally
CBIS
USMJ and
PURA Poised To Deliver Dot Com Era Performance
See Review and Outlook For
CBIS
USMJ and
PURA
New York, NY – October 19, 2016 – Wall Street Corner Report
State legalization is reaching critical mass and this November,
five more states (California, Arizona, Maine, Massachusetts, and
Nevada) have recreational marijuana on the ballot and three more
states (Florida, Arkansas, and North Dakota) have medical marijuana
on the ballot.
California alone could be a massive boon for cannabis sector
companies. Polling by UC Berkeley recently showed near two-to-one
(2:1) support in the state of California for Proposition 64
passing. California is the most populous state in the US and
has the world's sixth-largest economy with a gross domestic product
of about $2.5 trillion.
On September 8, 2016, right after Labor Day weekend,
Wall Street Corner Report published
a report surveying the entire cannabis sector and indicating our
belief that the sector was ripe for a news triggered
rally. The coming US Election Day 2016 on
November 8th looks like it could be that trigger.
And we don’t seem to be the only ones that think so.
The Marijuana
Index
(www.marijuanaindex.com)
TOP SECTOR PERFORMERS POISED TO BENEFIT FROM CALIFORNIA
PROP 64
The sector overall is picking up volume and seeing higher share
prices. Two of our favorites have been leading the sector in
recent weeks. Puration, Inc. (PURA)
is up over 100% in the last month to $0.01 on healthy and higher
than average trading volume. North American Cannabis
Holdings, Inc. (USMJ) is up over 500% to
$0.0005 with trading volume measured in number of shares and number
of dollars both within the top 1% of all OTC Market quoted
companies. Cannabis Science,
Inc. (CBIS)
is another top sector performer up 100% to $0.05 on high volume
trading. CBIS is headquartered in California
and USMJ and PURA have just announced
opening offices in California in anticipation of Prop 64
passing.
USMJ OUTLOOK
USMJ is triple zero priced stock but the only
one of the three mentioned here with revenue at this time.
The Company just reported 23% annual growth to over
$500,000 in annual sales. USMJ has also
announced a shareholder of record date for a
dividend set for this Friday, October 21, 2016.
USMJ’s business stands to benefit tremendously
from legalization in California. As a triple zero priced
stock, USMJ could deliver near term ROI reaching
of 2000% with the PPS reaching $0.01.
PURA OUTLOOK
PURA is a low priced stock at only $0.01
today. The Company has a low float with less than 100 million
issued and out. The PURA business also
stands to benefit tremendously from legalization in
California. We believe the PURA PPS could
reasonably go north of $0.10, and potentially even higher
delivering over a 1000% ROI.
CBIS OUTLOOK
CBIS is a fully reporting company with audited
financials but still pre revenue today. Any advance announced
in the ongoing development of the Company’s intellectual property
surrounding the treatment of neurobehavioral disorders is likely to
send the PPS higher. A revenue contract could send
CBIS share prices into the dollars.
Wall Street Corner Report is the premier discovery site for
promising, yet undiscovered small and micro-cap stocks featuring
opportunities in an ethical, professional, and responsible manner.
We're not fiendishly 'short' sighted nor are we here to dream the
impossibly 'long' dream. We take a practical view on the big
ideas of well-intentioned management and look to profit on each
reasonably achievable step the well intentioned mangers take toward
their big ideas.
http://www.wallstreetcornerreport.com/
https://twitter.com/WallStCornerRpt
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)
Historical Stock Chart
From Mar 2024 to Apr 2024
North American Cannabis (CE) (USOTC:USMJ)
Historical Stock Chart
From Apr 2023 to Apr 2024