OTC Short Report Estimates 4 Billion Shares Sold Short
 
Dallas, TX – November 15, 2016 – Wall Street Corner Report
 
North American Cannabis Holdings, Inc. (USMJ) announced on Friday, November 11th, that the Company has been identified by the OTC Short Report as a “Most Shorted OTC Stock.”  The detailed report estimates over 4 billion shares have been sold short within the last 30 days at an average weighted price per share of $0.00047.  Accordingly, short sellers would have to purchase shares below this price to cover short sales and profit. 
 
Telltale Decline Of Trades At Low End Of Trading Range Indicates Possible Rally
 
As bear like trades at $0.0004 have declined in the last few trading sessions, it appears more likely that the $0.0004 trades may have been short sales in an attempt to shake the resolve of long holders.  Increasing a short position in an attempt to shake out actually shares at a lower price is a risky strategy.  Declining volumes at the low end of a trading range is a telltale sign that shorts are losing resolve to short further and becoming more vulnerable to covering at a loss.  A short buy-in in the magnitude reported by OTC Short Report could trigger a rally driving the USMJ PPS to over $0.001.
 
Revenue Growth, New Contracts and a Pending Dividend with Another In The Works
 
USMJ’s operations are looking strong and positioned to whether a short strategy.
 
North American Cannabis Holdings has recently reported a 23% increase in year to year sales with over $500,000 in revenue.  The Company has announced a number of strategic contracts and a recent dividend declaration date.  A dividend payment date announcement is pending finalization of regulatory requirements.  A second transaction is in the works intended to lead to a second dividend issuance.
 
To learn more about North American Cannabis Holdings:                 growusmj.com.
Follow the Company on Twitter:                                                         US_HEMP 
 
To learn more about North American Cannabis Holdings:                 growusmj.com.
Follow the Company on Twitter:                                                        US_HEMP 
 
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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