New York, NY – November 2, 2016 – Wall Street Corner Report
North American Cannabis Holdings, Inc. (USMJ) is demonstrating a solid consolidation trend after experiencing a 500% PPS increase on extraordinarily high trading volume. Since the last breakout and 500% increase from $0.0001 to $0.0005, the USMJ PPS has been trading consistently between $0.0004 and $0.0006 on volume that puts in the top 10 most actively traded stocks on OTC Markets. USMJ similarly traded at high volumes at a PPS of $0.0001 before breaking out to $0.0005. We see the current consolidation from $0.0004 to $0.0005 as a new base making USMJ ready for an immediate breakout above $0.001. We anticipate marijuana legalization in additional states on November 8th to be a tipping point for marijuana investment overall and that USMJ at that time has the potential to see a PPS above a penny reaching comparable levels with CBIS and HEMP.
See USMJ Video Chart Analysis
Cannabis Sector Stocks
Marijuana stocks are seeing increased attention in advance of election day. 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.
On September 8, 2016, right after Labor Day weekend, Wall Street Corner Report published a report surveying the entire cannabis sector and indicating our belief that the sector was ripe for a news triggered rally. The coming US Election Day 2016 on November 8th looks like it could be that trigger.
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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.