New York, NY --  April 5, 2017 -- InvestorsHub NewsWire
 
North American Cannabis Holdings (USOTC: USMJ) PPS increased 25% yesterday and Puration, Inc. (USOTC: PURA) increased 30%.  Both stocks experienced high trading volume.  USMJ was one of the 20 most actively traded stocks on the OTC Markets yesterday.  PURA’s trading volume yesterday was twice its daily average.  Here at Wall Street Corner Report we expect a USMJ PPS increase to $0.01 on news as the annual National 420 Celebration Approaches and we expect to see the PURA PPS break $0.10 reaching as high as $0.12.
 
Both stocks have experienced heavy short selling recently with short sales accounting for more than 50% of all trading volume (see otcshortreport.com).  Short Sellers mistook a March news hiatus as the two companies being out of steam, and those short sellers are now getting caught with their pants down.  As the two Companies share prices increased on heavy trading volume yesterday, short sellers attempted to double down.  Over 30% of the PURA volume yesterday was short selling, and well over 40% of the USMJ volume was short selling. 
 
Both stocks have been rated a BUY on BULLISH candlestick analysis.  We believe the short sellers have underestimated PURA and USMJ and that yesterday’s continued short selling was a desperate mistake that will ultimately contribute to seeing the PPS of both USMJ and PURA skyrocketing.
 
PURA just announced a major license agreement and pending FDA approvals.  USMJ just announced a cannabis retail payment system launch and a pending dividend issuance of ALYI stock:
 
Alternet Systems Cannabis Point of Sale System to Process USMJ AmeriCanna Cafe Product Sales at Southwest Cannabis Conference and Expo, April 22-23
 
Puration and NCM Biotech Enter Agreement to Accelerate FDA Approval of Candidate Pharmaceutical Products Derived From Patented Cannabis Extraction Process
 
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

 

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