North American Cannabis Holdings Inc (OTCMKTS:USMJ) Gearing Up for More Gains
North American Cannabis Holdings Inc (OTCMKTS:USMJ) shares were flat on Tuesday at $0.00060 and unchanged in after-hours trading. The company has a market cap of $22,100 at 36.88 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.
North American Cannabis Holdings Inc has entered into the marijuana industry in 2013 to pilot various cannabis sector enterprises and now it is well-positioned to take advantage of the expected boom. The market is expected to grow to $20 billion by 2020 thanks to the November 8 vote that legalized the use of medical or recreational marijuana in several US states. Legislation is pending in Canada as well.
Last year, the company announced that it is set to close the acquisition of controlling interest in Alternet Systems by December 20, 2016. Alternet Systems is a company that develops and commercializes a growing portfolio of digital commerce technologies and already has a long-term track record in financial services industry software solutions.
Along with this announcement, North American Cannabis Holdings Inc also shared that it has partnered with Puration under their EVERx Sports and Fitness Nutritional Supplement Brand Name. These products will be targeted to athletes looking to enhance their performance, as CBD can substantially reduce recovery times and increase cardio output. Apart from that, CBD infused products can also target the general public that is becoming more aware of the health benefits of these products, such as mitigating diabetes risk and reducing cancer cells.
This partnership is ready to bear fruit as Puration and North Cannabis Holdings Inc will reveal the major industry trade show where EVERx Cannabinoil (CBD) Infused Bottled Water will be officially launched.
The launch event is going to be huge, and both USMJ and PURA have big roles to play” said Steven Rash, CEO of North American Cannabis Holdings Inc. “An amazing ensemble of smart people and terrific organizations are coming together for what will be a tremendous launch event. When we tell you all about the EVERx launch event it will be crystal clear to you how USMJ and PURA fit together and how all the hard work getting to this launch has been worth it. EVERx is a winner and you will see it endorsed by winners at our launch event. You don’t want to miss our announcement next week on Thursday, February 2nd and you don’t want to miss our launch event in March. Put it on your calendar now.”
Earlier this year, Puration published a $3 million revenue plan and later on announced that sales channels are poised to surpass this target. The company’s proprietary extraction process is combined with Alkame Holdings’ patented technology that alters the structure of water, producing a combination of characteristics that are unprecedented in the beverage industry.
I first want to start by saying that Alkame Holdings’ was absolutely the right partner for PURA to pick for producing the EVERx CBD Infused Sports Drink with PURA’s proprietary CBD extract.” said Brian Shibley, CEO of Puration. “ALKM has been great. Not only is ALKM’s patented water a perfect platform for PURA’s proprietary CBD extract, the people at ALKM are simply the best kind of people to work with. They are committed to the mission; passionate about the mission and laser beam focused on the mission. EVERx CBD Infused Water is the best CBD infused water you can find. All of us at PURA, USMJ and ALKM can’t wait to tell you about the product launch details. Just wait until you hear about the product launch plans on Thursday, next week. You’re going to be excited too.”
DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.
Why ML Capital Group Inc (OTCMKTS:MLCG) Shares Are Skyrocketing
ML Capital Group Inc (OTCMKTS:MLCG) shares soared 144.44% on Wednesday to $0.00220. The company has a market cap of $2.94 million at 1.34 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.00.
ML Capital Group Inc is a company that is engaged in the business of providing consulting services to both public and private companies. It primarily focuses on early stage companies, small businesses and emerging growth companies and is producing products and providing services that support the medical marijuana industry. In particular, it produces and markets its products and services under the Superstar Products brand name, including vapor pens, mobile applications and books. The focus of the ML Capital Group Inc is to sell products and services that do not include the growing, manufacture, or distribution of medical marijuana, cannabis, or cannabis byproducts.
Just recently, the company announced that they will be working together with Puration to introduce Cannabis Tourism to the New York Times. This also follows Puration’s $1 million collaboration agreement with Colorado based Spanish Peaks
ScrumpDelicacies and ML Capital Group Inc’s letter of intent to acquire Spanish Peaks ScrumpDelicacies, which is venture-backed startup dedicated to building cannabis consumer product production capacity in Colorado.
In this week’s press release, ML Capital Group Inc announced the company plans to publish an online presentation today to provide more details on the company’s preliminary sales forecast for 2017, which includes contributions from its fresh entry into the cannabis sector with its Puration partnership.
This partnership between MLCG, PURA and Spanish Peaks is a sound strategy for every participant, and an opportunity for the shareholders of every participant to take part in the history making and money making transition from an illegal marijuana market to a legal one,” the company’s press materials indicated.
It started off by projecting that travel sales are expected to reach $2.5 trillion by 2020. To take advantage of this, ML Capital Group Inc has zeroed in on the luxury sub-segment and already operates a luxury tour service in Hawaii. It has also recognized the expanding role of mobile technology within the travel industry and launched an initiative to build a mobile brand.
It also delved into the segmentation potential of the marijuana industry, as cannabis-infused edibles and cosmetics add to potential sales revenues, on top of merchandise. It compared the luxury cannabis tour segment to winery and distillery tours in Napa Valley or Tuscany, citing Colorado’s $19 billion travel market as a strong opportunity for the company to tap into this type of market. This is already in the works and additional Cannabis Tour locations, to include destinations outside the United States, are also underway.
Looking at the daily chart of ML Capital Group Inc shares shows a strong rally so far this year, spurred by its partnership with Puration. Volume has considerably spiked, reflecting strong investor interest, which might likely sustain the bullish move to new heights. It’s also worth noting that price is gearing up to move past the previous peak around March to May last year.
DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.