USMJ Consolidating at $0.0005 - $0.0006 Preparing To Break Through $0.0007 with Potential To $0.01
New York, NY - October 20, 2016 - Wall Street Corner Report
North American Cannabis Holdings, Inc. (USMJ) has experienced over a 500% increase in PPS on high volume trading. Clay Trader yesterday aftermarket posted a video chart analysis of the USMJ stock performance that indicates "super healthy consolidation." After a consolidation period, USMJ has the potential to bust through $0.0007 resistance. Here at the Wall Street Corner Report, we believe USMJ's business performance combined with the results on November 8th where marijuana legalization is on the ballot in 8 states, could see USMJ hit $0.01.
State legalization is reaching critical mass and this November, five more states (California, Arizona, Maine, Massachusetts and Nevada) have recreational marijuana on the ballot and three more states (Florida, Arkansas and North Dakota) have medical marijuana on the ballot.
California alone could be a massive boon for cannabis sector companies. Polling by UC Berkeley recently showed near two-to-one (2:1) support in the state of California for Proposition 64 passing. California is the most populous state in the US and has the world's sixth-largest economy with a gross domestic product of about $2.5 trillion.
USMJ’s business stands to benefit tremendously from legalization in California. As a triple zero priced stock, USMJ could deliver near term ROI reaching of 2000% with the PPS reaching $0.01
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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.