New York, NY – January 9, 2019 – North American Cannabis Holdings, Inc. (USOTC:USMJ) current PPS at $0.0008 x $0.0009 (as of the writing of this report) presents an entry point opportunity for a potential near term double or better. The PPS reached $0.0015 with a substantial trading volume over $0.001. At the same time, the short volume collected in FINRA’s REGSHO data and reported by OTCShortReport puts USMJ on the most shorted OTC stocks list. USMJ has also consistently been rated BULLISH by Stock Technical Analysis (Stockta.com). Even now, with the PPS price dip, the Long-Term Rating remains BULLISH. It appears an overly optimistic bear has shorted and may have overestimated the opportunity to pick up low-priced stock. A short cover, combined with USMJ’s ongoing business progress to include a soon-to-be launched cannabis ecommerce site and a shareholder dividend distribution, and the PPS can reasonably rocket back to the recent $0.0015 level and potentially go even higher. A near term $0.002 does not seem unreasonable and a longer term $0.005 within the first quarter could be possible.
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