New York, NY – April, 2017 – Wall Street Corner Report
North American Cannabis Holdings (USOTC: USMJ) and Puration, Inc. (USOTC: PURA) have both experienced heavy short selling in the last four trading sessions with short sales accounting for more than 50% of all trading volume (see otcshortreport.com charts below). After reporting major advances at the end of last year and the beginning of this year, to include a dividend issuance, a 50% increase in revenue and a major product release, the two companies took a breather in March on new releases. With today’s independent news releases from both companies, it is clear the companies have initiated a new wave of major announcements. Short Sellers mistook the March news hiatus as the two companies being out of steam, but it looks like they are about to get caught with their pants down. 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. It appears the two companies have started a campaign leading up to even bigger announcements surrounding their participation in the annual Cannabis 420 Celebration at the upcoming Southwest Cannabis Conference and Expo April 22-23 in their own back yard, Fort Worth, Texas. Here at Wall Street Corner Report we expect a USMJ PPS increase to $0.01 is a real possibility. We also expect to see the PURA PPS break $0.10 reaching as high as $0.12.
Today’s News Releases From USMJ and PURA
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
USMJ and PURA OTCShortReport.Com Reports
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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.