North American Cannabis Holdings, Inc. (OTCMKTS:USMJ) Slips After Bounce

[[tagnumber 0]][[tagnumber 1]]North American Cannabis Holdings, Inc. (OTCMKTS:USMJ) hasn’t been trading under its new ticker symbol for a low of time, but it has managed to undergo several waves of paid promotions in the short period, while sliding down the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This isn’t surprising considering the past record of Mr. Stephen Rash, the company’s CEO. It might be a coincidence, but as we wrote in our previous article, Mr. Rash was a CEO of Power 3 Medical Produts that was so heavily promoted through voice mail some eleven years ago that the SEC began to warn investors about it.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Back then Mr. Rash denied any involvement in the promotion, but can this really be a coincidence? We’ll leave you to decide that. Meanwhile, you should also have in mind that the company is having trouble filings its financial reports on time and the numbers that we have from the first quarter of the year are quite disappointing.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Nonetheless, after prolonged sliding down the charts we saw [[tagnumber 14]]USMJ[[tagnumber 15]] hit a 52–week low of $0.0008 per share in the first session of this week. Surprisingly enough it managed to jump some 50% in the following session and add another whopping 125% in Wednesday after some more promoting was done.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]That, however, meant that the upward swing will be short and we saw [[tagnumber 14]]USMJ[[tagnumber 15]] lost 18.52% of the gained value in yesterday’s session. Things aren’t going very smooth today either and we see the ticker sitting 22.73% lower from yesterday’s close as we finish writing this article. [[tagnumber 2]]