USMJ Building Toward Next Breakout on Strong Consolidation Trend - $0.001 Possible Before Election with Penny Level to Follow
November 02 2016 - 9:22AM
InvestorsHub NewsWire
New York, NY – November 2, 2016 – Wall Street Corner Report
North American Cannabis Holdings, Inc. (USMJ)
is demonstrating a solid consolidation trend after experiencing a
500% PPS increase on extraordinarily high trading volume.
Since the last breakout and 500% increase from $0.0001 to $0.0005,
the USMJ PPS has been trading consistently between $0.0004 and
$0.0006 on volume that puts in the top 10 most actively traded
stocks on OTC Markets. USMJ similarly traded at high volumes
at a PPS of $0.0001 before breaking out to $0.0005. We see
the current consolidation from $0.0004 to $0.0005 as a new base
making USMJ ready for an immediate breakout above $0.001. We
anticipate marijuana legalization in additional states on November
8th to be a tipping point for marijuana investment
overall and that USMJ at that time has the potential to see a PPS
above a penny reaching comparable levels with CBIS and HEMP.
See USMJ Video Chart
Analysis
Cannabis Sector Stocks
Marijuana stocks are seeing increased attention in advance of
election day. 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.
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.
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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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