New York, NY -- April 18, 2018 -- InvestorsHub NewsWire -- American Cannabis Holdings, Inc. (USMJ) has recently reported a third party making an unsolicited bid to acquire the company. USMJ management has indicated some assets that will be included and excluded from any prospective acquisition, but as of yet, offered no further details other than the “company continues to entertain an unsolicited acquisition proposal.” The market seems to be reacting positively to the news. Candlestick analysis of recent trading by Stock Tech Analysis (stockta.com) indicates a VERY BULLISH outlook. USMJ is one of the most watched marijuana sector stocks. Over the past two years the PPS has fluctuated from lows where the company now finds itself in a $0.0003 to $0.0004 range to breaking over $0.001 delivering a consistent opportunity for well traded profits. Current indicators suggest USMJ may be approaching another breakout. Accumulation has been strong and a positive news event, perhaps in coming out of the current acquisition discussions, could trigger another run.
In other cannabis sector news:
Sugarmade, Inc. (SGMD) made comments today relative to the Trump administration abandoning a Justice Department threat to crack down on recreational cannabis in states where it is legal under state law.
Kaya Holdings, Inc. (OTCQB:KAYS), announced that it has disclosed fiscal year 2017 results of operations by filing its Annual Report on Form 10-K for the year ended December 31, 2017 with the SEC.
Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in technology, manufacturing, and distribution of commercial and consumer products, is pleased to announce that its wholly-owned subsidiary, Major Hemp, has continued its expansion of Major Hemp Brown Ale (MHBA) throughout the Colorado market.
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.