USMJ and PURA Building PPS Momentum Prepping For California Recreational Marijuana Legalization

New York, NY – October 4, 2017 – North American Cannabis Holdings, Inc. (USOTC: USMJ) and Puration, Inc. (USOTC: PURA) have seen trading volume spikes and upward PPS trends of late as the two companies prepare for what the USMJ CEO believes will be an “earth shifting change in the landscape of the legal cannabis market nationwide” – the implementation of legalized recreational marijuana in California.
 
USMJ and PURA announced earlier this week plans to present a shareholder update on October, 17, 2017 where the companies will release details on a strategic shift in business concentration designed to enhance shareholder value.  The following statement was included in the press release:
 
“Legal recreational marijuana will go into effect after the first of the year in California and this will be an earth shifting change in the landscape of the legal cannabis market nationwide,” said Steven Rash, CEO of North American Cannabis Holdings and American Cannabis Innovations Conglomerated.  “The magnitude of a legal cannabis market in a state the size of California in terms of tax revenue and overall economic contribution will accelerate momentum for legalization nationwide.  I doubt moral outrage, let alone any deleterious crime impact, will hold a candle to the economic benefits of legal cannabis.  In short, I expect legal recreational marijuana in California to make the case for legalization nationwide, and we expect to have North American Cannabis Holdings and Puration more ready then ever when the inevitable legalization of cannabis nationwide finally occurs.”
 
Stock Technical Analysis (stockta.com) rates USMJ as “BULLISH” and American Bulls (americanbulls.com) recently issued a “BUY” recommendation for PURA.  Other cannabis stocks tracked by American Bulls include Cannabis Science, Inc. (CBIS), Hemp, Inc. (HEMP), and Medical Marijuana, Inc. (MJNA).
 
Disclaimer/Safe Harbor:
 
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
 
Source: wolfwrangler.com