|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0010 - 0.0012|
|52 Week Range||0.0003 - 0.0070|
|Beta (3Y Monthly)||-8.84|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Not only could these marijuana penny stocks double in a week, they could triple, quadruple, or even more! And it make not even take a week. It could just be a matter of days or even hours. But guess what? If it sounds too good to be true, it probably is. You could own each of these stocks and not make a single cent!If you're a stock market junkie who reads Wall Street analysis online, you've no doubt seen numerous advertisements for "superhuman" products. Writers and analysts brag about their alleged profits incessantly. Advertisements with claims such as "the last stock I recommend increased 80% in a month!" or "our last recommendation tripled in a week!" are everywhere.I spent a long time trading at different hedge funds, so I know a lot about the markets. The reason why I am writing this is because I get angry when I see these types of advertisements. I believe they are dishonest and are an attempt to deceive unsophisticated investors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt is important to understand that some of these ads may be factually correct, but are still very misleading. What do I mean by this?Every stock has a bid and an offer. The bid is the highest price that anyone is willing to pay for it, and the offer is the lowest price that anyone will sell it at. So if you sold the stock you would receive the bid price, and if you bought it you would have to pay the offer price.Now suppose we have a penny stock. Let's say the best bid is 1 cent, and the best offer is 2 cents. Now let's say that someone sells 100 shares at the bid price. The last trade is 1 cent. Now let's suppose that 10 minutes later someone else buys 100 shares and pays the offer price of 2 cents. The last trade is now 2 cents. See what has happened? The stock has gone from 1 cent to 2 cents in ten minutes. The price has doubled, but the stock actually hasn't moved! * 10 Best Cryptocurrencies to Keep on Your Radar Hopefully an understanding of these dynamics will prevent you from listening to or paying for deceptive research. Let's take a look at some penny stocks so you can get a better understanding. Marijuana Penny Stocks: Demand Brands (DMAN) Click to Enlarge Demand Brands (OTCMKTS:DMAN) actively targets strategic acquisitions in the hemp and health, cannabis, CBD, superfoods and technology sectors that promote healthy lifestyles.Take a look at the chart. It has doubled in a week. Seems pretty good, doesn't it?But take a closer look at the scale …The price went from$3 to $6. But this wasn't a move of 0.003 to 0.006 and it wasn't a move 3 cents to 6 cents. The appreciation was from 3 thousandths of a cent to 6 thousandths of a cent. Did the stock double in price? Yes, it did double in price. Could you have made money by investing in this stock? Not a chance.If you wanted to invest $5,000 in DMAN when it was at 3 thousandth of a cent, you would have needed to acquire almost 17 million shares. This would be impossible to do without adversely impacting the price of the stock. Also, DMAN's average three-month volume is a laughable 1.8 million, which means it's just a logistic nightmare moving enough shares around at such volume. Plandai Biotechnology (PLPL) Click to Enlarge Plandai Biotechnology (OTCMKTS:PLPL) produces botanical extracts for the pharmaceutical and nutriceutical industries. It focuses on the farming of whole fruits and vegetables. Apparently, this is not a very good business to be in. At least in the way that PLPL operates.The stock has declined by about 90% over the past year. Does this mean that it is a good value at these levels? The last trade was at .0008. If you were able to invest $10,000 at that levels, you would be the proud owner of 12,500,000 shares. As a matter of fact, if you wanted to buy the entire company all you would need is $190,000! * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Obviously, you would not be able to execute these trades. There would be no possible way to acquire share amounts that are that large without moving the stock. Stevia Corp (STEV) Click to Enlarge Stevia Corp. (OTCMKTS:STEV) is a farm management company. It focuses a delivering quality agribusiness solutions to its costumers. Based on the price of the stock, I would guess that the management at STEV has no clue.In April, the stock of STEV rallied 300%. That sounds pretty impressive, but trust me … it isn't. You didn't miss anything. STEV stock did not go from $10 to $30 or even $5 to $15. It "rallied" from 2 thousandths of a share to 5 thousandths of a share. At this level $1 would buy you 500 shares.Mathematically this is a triple. Could you have purchased and sold a meaningful amount of shares at these levels? Not a chance. Priority Aviation (PJET) Click to Enlarge Priority Aviation, Inc (OTCMKTS:PJET) operates as a full service aviation company. It provides charter services, charter memberships and aircraft sales. I don't know how it ended up on the list of marijuana penny stocks that I looked at for this article. Maybe it is because you would need to be stoned to want to own it. PJET soared like a jet when is rose by 700% in December. But this is yet another situation where you didn't miss anything. This 'rally' took the stock from .001 to .007. * 7 Stocks Top Investors Are Buying Now There is no feasible way that you could have profited. It would have been impossible to buy and sell enough shares in the market and pay the commissions and fees to do so. Once again, if it seems to good to be true than it probably is. PAO Group (PAOG) Click to Enlarge PAO Group (OTCMKTS:PAOG) produces oral capsules that contain THC and CBD. They recently debuted this at The Cannabis Cup, which is considered the worlds premier marijuana industry trade show.If you look at the chart you can see that PAOG has traded in a well defined range. Could you trade this range profitably? In other words, could you buy it at the bottom of the range and sell it at the top of the range?Of course not. This range is only 1 thousandths of a cent. You would need a microscope to see what you are doing. This is yet another situation where you can't gain an understanding of the chart without considering the scale. Uviquitech Software (UBQU) Click to Enlarge Ubiquitech Software Corp. (OTCMKTS:UBQU) develops and sells software. It is involved in marketing over the internet, TV, and radio.This one makes the list to day just because of the value of the stock. In my 20 years as a professional trader I don't recall ever seeing anything like this. The last trade was at .0002. That is 2 ten-thousandths of a share.I didn't even know that a stock could trade so low. At .0002, you could buy 1 million shares with $200. * 5 Transportation Stocks to Buy Now As we have seen, as nice as this sounds it would be impossible to transaction. This thing go double, triple, go up 100X, etc… You can't trade it and you can't make money off of it. Grow Solutions Holdings (GRSO) Click to Enlarge Grow Solutions Holdings (OTCMKTS:GRSO) is in the business of growing, processing, and selling legal cannabis and cannabis infused products.GRSO has broken its recent downtrend. You can tell because the trend-line was broken. Trend-lines are not mysterious. If used and understood correctly, they simply illustrate the supply and demand dynamics that are occurring in a market. In a downtrend the forces of supply are in control. When the trend-line breaks, it is illustrating that the forces of demand are equalizing with the forces of supply. That is the case here.Or is it? If you look closely you will that this two month trend has been a total of just 1 cent. Does that really mean the tide has turned? Of course not. Like the others GRSO is not trade-able and this trend-line analysis is meaningless.As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) appeared first on InvestorPlace.
DALLAS, June 19, 2019 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today issued an update to its press release published Monday on its.
DALLAS, May 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC:USJM) (“USMJ”) today released an update featuring the company’s Ecommerce sales growth and the pending dividend of Priority Aviation (name change pending) (PJET) (“PJET”) stock to USMJ shareholders. The update today provides the latest news and next steps on the USMJ Ecommerce business and the pending dividend of PJET stock to USMJ shareholders.
DENVER, April 18, 2019 -- via OTC PR WIRE -- West Coast Venture Group, Corp. (OTCQB: WCVC) (“WCVC”) today congratulated Carl Jr’s for coming out with a CBD infused burger in.
DENVER , April 9, 2019 /PRNewswire/ -- West Coast Venture Group, Corp. (OTCBB: WCVC) ("WCVC") today announced the company's Illegal Burger Restaurants in Denver will launch the all new Illegal ...
DENVER, April 04, 2019 -- via OTC PR WIRE -- West Coast Venture Group, Corp. (OTCQB: WCVC) (“WCVC”) today announced the company’s Illegal Burger Restaurants in Denver will.
DENVER, March 28, 2019 -- via OTC PR WIRE -- West Coast Venture Group, Corp. (OTCQB: WCVC) (“WCVC”) today announced the company is enjoying continued growth of EVERx CBD Sports.
DENVER, March 26, 2019 -- via OTC PR WIRE -- West Coast Venture Group, Corp. (OTCQB: WCVC) (“WCVC”) today announced the company will further solidify its partnership with North.
DALLAS, March 22, 2019 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) and Puration Inc. (USOTC: PURA) (“PURA”) today published an update on.
DALLAS, Texas, March 14, 2019 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) and Puration Inc. (USOTC: PURA) (“PURA”) today confirmed that.
DALLAS , Feb. 15, 2019 /PRNewswire/ -- Puration, Inc. (USOTC: PURA) ("PURA") today reported that day one of the all new EVERx CBD Sports Water launch has been a booming success. On Wednesday ...
DALLAS, Feb. 13, 2019 -- via OTC PR WIRE -- North American Cannabis Holdings (USOTC: USMJ) (“USMJ”) and West Coast Ventures Group Corp. (OTCQB: WCVC) (“WCVC”) are hosting a.
DALLAS, Feb. 12, 2019 -- via OTC PR WIRE -- North American Cannabis Holdings (USOTC: USMJ) (“USMJ”) and West Coast Ventures Group Corp. (OTCQB: WCVC) (“WCVC”) today announced a.
DALLAS , Jan. 31, 2019 /PRNewswire/ -- North American Cannabis Holdings (USOTC: USMJ) ("USMJ") and Priority Aviation (name change pending) (USOTC: PJET) ("PJET") today announced plans ...
DALLAS, Jan. 18, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Puration, Inc. (PURA) (“PURA”) today announced with Illegal Burger (a subsidiary of West Coast Venture Group) (WCVC) and AmeriCanna Cafe (a subsidiary of Priority Aviation – name change pending after recently acquiring AmeriCanna Cafe) (PJET) an EVERx CBD Sports Water Event in Denver, Colorado to introduce the all new EVERx CBD Sports Water. The event will be held two nights, Wednesday, February 13th, and Friday, February 15th. Miss USMJ Models will be on hand to autograph the 2019 Miss USMJ Calendar recently published by USMJ (USMJ) on sale now at www.missusmj.com and www.etsy.com. Look for more details on the two-night event to be announced next week.
DALLAS, Jan. 17, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Priority Aviation (name change pending) (PJET) (“PJET”) and North American Cannabis Holdings, Inc. (dba/USMJ) (USOTC: USMJ) (“USMJ”) today announced accelerating a planned dividend of PJET stock to USMJ shareholders. USMJ recently spun-off its AmeriCanna Cafe cannabis themed restaurant business to PJET in a transaction that included a stock dividend of PJET stock to the shareholders of USMJ. PJET is in the process of updating its public disclosures in order to be current with all required filings necessary for the stock dividend distribution to be executed. To accelerate the filing update and subsequent stock dividend distribution of PJET stock to USMJ shareholders, Steven Rash the CEO of USMJ has stepped up to personally lead the filing update and stock dividend project. In conjunction with Mr. Rashes initiative, he will be transitioning into the role of PJET interim CEO. The current primary initiative at PJET is to launch the AmeriCanna Cafe in Colorado this spring in a partnership with West Coast Venture Group (OTCQB: WCVC) (“WCVC”) the owner and operator of the $3 million Colorado based Illegal Burger chain. PJET confirms the AmeriCanna Cafe rollout is on track.
North American Cannabis Holdings, Inc. (dba/USMJ) (USMJ) (“USMJ”) today announced the first ever 2019 Miss USMJ Calendar is now available for sale online at www.missusmj.com. The Miss USMJ 2019 Calendar is not your typical pinup calendar. The calendar pictures have been artistically set to appeal to those in all stretches of the cannabis community. The Miss USMJ models were selected from open casting calls targeting the cannabis community in Colorado and California. The Photographs were captured on location in Denver and Los Angeles by a cannabis community artist and Parsons School of Design graduate, living and working in New York City. Miss USMJ models will be participating throughout the year to help promote events for the USMJ family of companies to include Kali-Extracts (KALY) Puration (PURA) and Priority Aviation (name change pending) (PJET).
DENVER, Jan. 07, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- West Coast Ventures Group Corp. (OTCQB: WCVC) (“WCVC”) today announced an agreement with San Francisco-area based Biolog, Inc. to conduct a cannabis infusion technology trial. WCVC’s Illegal Burger recently announced a cannabis themed restaurant joint venture with the AmeriCanna Cafe, a spinoff from North American Cannabis Holdings, Inc. (USOTC: USMJ) now listed under Priority Aviation (name change pending) (USOTC: PJET). The cannabis infusion technology trial will be conducted in conjunction with the cannabis themed restaurant rollout. The proprietary technology from Biolog enables the infusion into virtually any food with a very accurate dose of fast onset, highly bioavailabile, cannabinoids.
West Coast Ventures Group Corp. (WCVC) ("WCVC") today announced an agreement with San Francisco-area based Biolog, Inc. to conduct a cannabis infusion technology trial. WCVC's Illegal Burger recently announced a cannabis-themed restaurant joint venture with the AmeriCanna Cafe. The cannabis infusion technology trial will be conducted in conjunction with the cannabis themed restaurant rollout.
DALLAS, Jan. 04, 2019 -- via OTC PR WIRE – North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today released a 2019 New Year message from the CEO and Chairman Steven.
FARMERS BRANCH, Texas, Dec. 20, 2018 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today released an online update on the imminent launch.
DALLAS, Texas, Dec. 18, 2018 -- via OTC PR WIRE --Puration, Inc. (USOTC: PURA) (“PURA”) and Kali, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today.
DALLAS, Dec. 18, 2018 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today announced an online update presentation scheduled for release.
DALLAS, Dec. 12, 2018 -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) CEO and Chairman, Steven Rash, today reacted to recent news following.
DALLAS, Dec. 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today released a letter from its CEO and Chairman discussing the potential for the overall cannabis industry to be realized from the 2018 Farm Act that includes, as drafted, the legalization of hemp farming. The letter is intended for all with an interest in the U.S. cannabis industry and specifically for those invested in any of the USMJ family of companies. Steven Rash, CEO and Chairman of USMJ is also one of its founders.