USMJ and PURA Rated VERY BULLISH After Releasing Increased Forecast - Cannabis Stocks Ready To Take Off
June 08 2017 - 10:49AM
InvestorsHub NewsWire
New York, NY – June 8,
2017 – Wall Street Corner Report
North American Cannabis Holdings (USOTC:
USMJ) PPS and Puration, Inc. (USOTC:
PURA) are currently rated as VERY BULLISH by Stock
Technical Analysis (stockta.com) based on candlestick
analysis. The majority interest in both companies was just
acquired by a private equity backed firm in the first step of a
cannabis roll-up. The two companies will continue to trade
independently. No reverse split is planned. PURA has
indicated its 1st year post updated operational business
plan implementation revenue forecast could double from $3 million
to $6 million. USMJ has indicated a similar revenue forecast
increase from its original $2 million outlook.
The Cannabis Report indicates “marijuana stocks are taking
off:”
“The North American
marijuana business posted a revenue of $6.7 billion in 2016 - 30%
up on the previous year. With Canada set to legalise recreational
use next year, the green rush shows no sign of slowing
down.
The Cannabis Report analyzes the fundamentals of
these relatively new companies and helps you to make the right
trading decisions on the right companies at the right
time.”
The Cannabis Report has published analysis of USMJ and several
other cannabis stocks to include GW Pharmaceuticals (GWPH)
and Rocky Mountain High Brands (RMHB).
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.
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