I am starting to think the Uptick is due to speculation on this new PR out for ACI. They announced aquisition of 2 Canna stocks and have 3 more within the next 30 days unannounced. Could it be UAMM is one of those. We will have to wait and see....
American Cannabis Innovations Conglomerated To Acquire North American Cannabis Holdings And Puration
Dallas, TX -- May 04, 2017 -- InvestorsHub NewsWire -- American Cannabis Innovations Conglomerated (“ACI”) has entered into a Letter of Intent to acquire the controlling interest in both North American Cannabis Holdings, Inc. (USOTC: USMJ) and Puration, Inc. (USOTC: PURA). ACI is a private equity backed rollup founded to combine a variety of leading young cannabis companies with complimentary offerings and synergistic operations all under one roof. USMJ and PURA are the first of five acquisitions in the cannabis sector ACI plans to announce within the next 30 days. ACI is seeking to acquire early stage, undervalued businesses with intellectual properties validated by market tests, if not initial commercial or consumer sales. ACI expects to improve the operating efficiency of acquired assets by streaming redundant functions and leveraging complimentary functions. ACI expects the potential for market capitalizations of acquired companies to improve by transitioning the acquired companies toward better investment structures, with better terms, that are altogether better suited to their current and more mature stage of development. Existing USMJ and PURA management are expected to be included in the ACI management team. ACI, USMJ and PURA plan to finalize the acquisition of USMJ and PURA into ACI by the end of May.
