USMJ and PURA Building PPS Momentum Prepping For California Recreational Marijuana Legalization
October 04 2017 - 9:23AM
InvestorsHub NewsWire
New York, NY – October 4,
2017 – North American Cannabis Holdings, Inc. (USOTC:
USMJ) and Puration, Inc. (USOTC: PURA) have seen trading volume
spikes and upward PPS trends of late as the two companies prepare
for what the USMJ CEO believes will be an “earth shifting change in
the landscape of the legal cannabis market nationwide” – the
implementation of legalized recreational marijuana in
California.
USMJ and PURA announced earlier this week plans to present a
shareholder update on October, 17, 2017 where the companies will
release details on a strategic shift in business concentration
designed to enhance shareholder value. The following
statement was included in the press release:
“Legal recreational marijuana will go into effect after the first
of the year in California and this will be an earth shifting change
in the landscape of the legal cannabis market nationwide,” said
Steven Rash, CEO of North American Cannabis Holdings and American
Cannabis Innovations Conglomerated. “The magnitude of a legal
cannabis market in a state the size of California in terms of tax
revenue and overall economic contribution will accelerate momentum
for legalization nationwide. I doubt moral outrage, let alone
any deleterious crime impact, will hold a candle to the economic
benefits of legal cannabis. In short, I expect legal
recreational marijuana in California to make the case for
legalization nationwide, and we expect to have North American
Cannabis Holdings and Puration more ready then ever when the
inevitable legalization of cannabis nationwide finally occurs.”
Stock Technical Analysis (stockta.com) rates USMJ as “BULLISH” and
American Bulls (americanbulls.com) recently issued a “BUY”
recommendation for PURA. Other cannabis stocks tracked by
American Bulls include Cannabis Science, Inc. (CBIS), Hemp, Inc.
(HEMP), and Medical Marijuana, Inc. (MJNA).
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the expectation that any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
performance requirements of the companies' contracts, the
companies' liquidity position, the companies' ability to obtain new
contracts, the emergence of competitors with greater financial
resources and the impact of competitive pricing. In the light of
these uncertainties, the forward-looking events referred to in this
release might not occur.
Source: wolfwrangler.com
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