North American Cannabis Holdings Inc (USMJ)

[PRmaniac]

Reverse split being planned?

We'll see if USMJ tries to get FINRA approval for a reverse split.
The other alternative is for them to increase share authorization to 25 or 30 billion shares, but that and the dilution coming could drive USMJ to no bid.

They'll likely try to do a reverse split soon, because they are almost at their share authorization limit already, with tons of shares needed for those toxic convertible notes at up to 50% discount to the share price.

As USMJ share price drops after the current pump/dump paid stock promotion, even more shares will be needed to be issued for that same $1 in toxic financing. This will put even more downward pressure on the already bloated share price.