New York, NY -- July 22, 2016 -- InvestorsHub NewsWire -- Wall Street Corner Report highlighted today a building accumulation trend in the stock of North American Cannabis Holdings, Inc. (USMJ). Recent trading performance appears to indicate a building opportunity for a news trigger PPS Pop.
USMJ has historically, over the last year, been a high volume trader. The PPS trend has been down - bottoming out at $0.0001. The Company continues to make substantial strides in the execution of its cannabis sector business plan. The trading volume, while still high, is down from its previous peeks. A chart analysis shows that buyers have been accumulating stock at the $0.0001 price. The slowing volume and accumulation trend appear to indicate reduced liquidation from convertible notes. In fact, the size of the offer has been going down and even flirting with an uptick to $0.0002.
Recent updates from the Company indicate a number of potential milestone events are in the works. Reduced stock sales from convertible debt combined with the accumulation trend are ripe conditions to support a potentially dramatic PPS increase triggered by the announcement of a milestone event.
The wtd avg PPS is $0.0008. An immediate pop back to the wtd avg PPS would not be an overwhelming surprise.
Learn more about North American Cannabis Holdings on the Company’s website:
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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.