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North American Cannabis Holdings Inc (OTCMKTS:USMJ) Negotiates To Expand Dispensary Strategy In California

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North American Cannabis Holdings Inc (OTCMKTS:USMJ) reported entering into talks to buy operations in California. The talks are planned to expand the North American plan underway in Canada into the state of California.

The buzz

As of January 1, 2018, California has approved recreational marijuana and Canada is planned to have legal recreational marijuana effective in July 2018. North American Cannabis, in association with its sister firm, Puration Inc (OTCMKTS:PURA) has published a web presentation offering an update on the two firms’ coordinated efforts to be set for operations in Canada in relation with Canada’s upcoming countrywide recreational marijuana legalization. The company is in ongoing acquisition talks that comprise a role where Puration would offer its extraction expertise. Puration has reported launching Cannabis infused drinks in Canada.

The stock prices of Growlife Inc (OTCMKTS:PHOT) and North American Cannabis have seen remarkable gains on massive volume in reaction to updates that show both firms implementing strategies to take benefit of recreational marijuana legalization in the state of California and Canada. Also, Cannabis Science Inc (OTCMKTS:CBIS) has noted its PPS increase considerably on massive volume in reaction to the firm’s news pertaining dispensary acquisitions in California.

These three stocks present shareholders with a range of entry points for investing in the marijuana segment surge noted currently with California recreational marijuana decriminalization becoming effective from January 1 and Canadian recreational marijuana decriminalization going into effect this summer.

In the last trading session, the stock price of Cannabis Science posted remarkable gains of 19.52%. The gains came at a notable share volume of 74.99 million compared to average share volume of 22.76 million. North American stock traded in a narrow range and closed flat at $0.00070. However, its sister firm Puration was in the focus. The stock jumped more than 16% to close the day at $0.065. The market cap of Puration was noted at $2.80 million.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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