USMJ PURA KALY and MJNA Rated BULLISH In Anticipation of 2019 HEMP BOOM

Date : 12/27/2018 @ 3:56PM
Source :InvestorsHub Cannabis NewsWire
Stock : Medical Marijuana, Inc. (PC) (MJNA)
Quote : 0.0384  -0.0014 (-3.52%) @ 9:03PM

USMJ PURA KALY and MJNA Rated BULLISH In Anticipation of 2019 HEMP BOOM

USMJ PURA KALY and MJNA Rated BULLISH In Anticipation of 2019 HEMP BOOM

New York, NY -- December 27, 2018 -- InvestorsHub NewsWire -- via -- North American Cannabis Holdings, Inc. (USOTC:USMJ), Puration, Inc. (USOTC: PURA), Kali, Inc. (USOTC: KALY) and Medical Marijuana, Inc. (USOTC: MJNA) have all been rated BULLISH by Stock Technical Analysis (  The cannabis sector, particularly companies with a strong hemp related presence, have seen increased investment interest since President Trump signed the Farm Act into law legalizing hemp farming. 

PURA, In fact,  has been rated VERY BULLISH having established a substantial support base at $0.08 after pulling back from a 52-week high of $0.25 and now showing signs of rebounding to its $0.25 52-week high. 

USMJ has recently broken out on high volume.  The PPS has made a dramatic move above $0.001.  The 52-week high is $0.0025.  The company has recently announced a $10 million revenue goal for 2019 based on its new ecommerce business.  The company has also announced a pending dividend.  With a positive cannabis market and progress toward the $10 million revenue goal, the USMJ PPS has the potential to break above $0.01.

KALY has recently acquired a patented cannabis extraction process changing its entire business. The company has announced $400,000 in contracts since making the acquisition.  The company has also released pre-clinical research on cannabis extracts from its patented process conducted in partnership with universities.  KALY is trading in the $0.02 to $0.03 range and a PPS of $0.10 would not be a surprise.

MJNA is also rated VERY BULLISH with a PPS currently trading at $0.08 with a 52 week high of $0.18.  With the positive cannabis sector environment resulting from the recent passage of the Farm Act combined with MJNA’s steady business plan, MJNA seems set for a rebound to it $0.18 52-week high.

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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.


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