Microcap Cannabis Stocks Ready To Rally On APPL China Trade War News - KALY PURA USMJ HEMP
January 03 2019 - 9:51AM
InvestorsHub NewsWire
New
York, NY – Jan 3, 2019 - Next Big
Ticker
Tim Cook, Chief Executive Officer of
Apple, speaks as President Donald Trump listens during an American
Technology Council roundtable in the
State Dinning Room of the White House, Monday, June 19, 2017, in
Washington. (AP Photo/Alex Brandon)
Apple (APPL) reported today that
holiday earnings are off and CEO Tim Cook points to President Trumps trade war
with China as the primary factor. Rising interest rates,
a Government shutdown and a simmering trade war are all together
injecting a shadow of fear uncertainty and doubt (FUD) into the
stock market. Often, when the major exchanges slow, decline
or in general experience the ramifications of FUD, the microcaps
surge. Maybe the microcaps get more attention while big board
traders look for opportunity elsewhere while waiting out whatever
storm has set upon their usual domain. We can be certain of
cause and effect, but a correlation certainly exists. And
this time around, not only might the microcaps garner the attention
of big board traders looking for a safe haven, cannabis stocks are
getting the additional boost of the 2018 Farm Act legalizing hemp
farming in the United States. Keep an eye on microcap
cannabis stocks, not exchange listed cannabis stocks, but OTC
cannabis stocks positioned to benefit from the legalization of hemp
farming. Here are a few showing signs of an impending
rally:
Kali, Inc. (USOTC:
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. KALY is rated
OVERALL BULLISH.
Puration, Inc. (USOTC:
PURA) has licensed the KALY patented extraction
process for the production of what is now the leading CBD infused
sports beverage in the sports nutrition market – EVERx CBD Sports
Water. The company has $1 million in sales in 2018. PURA has
been recently rated a BUY. The PPS has climbed recently to $0.09
from a 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.
North American Cannabis
Holdings, Inc.(USOTC:
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.
Hemp, Inc. (USOTC:
HEMP), by its name alone, has garnered a great deal of
attention in the wake of the 2018 Farm Act legalizing hemp
farming. HEMP trading volumes are up and the PPS is basing
around $0.03 and preparing for likely run.
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