Potash America Inc (OTC:PTAM) Uses it’s Domestic Base to Enter Cannabis Sector; Focusing on Acquisitions

Update: August 15, 2019

Potash America Corp (OTC:PTAM) – a U.S. Renewable & Green energy company – has recently positioned itself to enter the Cannabis sector (in the form of land and equipment development) by leveraging it’s already diverse portfolio in the ‘Green’ energy sector, and expanding their corporate vision to actively seek new companies to invest in and acquire. Recently the company has updated their official website to include Cannabis and Hemp development, while simultaneously updating their website to express their expanding business model to actively seek new companies to merge with and/or acquire.

Recent Addition to PotashAmerica.net : Cannabis Development

As of March 31, 2019, the Company announced it has no warrants outstanding with no stock options outstanding. This allows the company to move with technical perimeters, unlike most OTC companies that are restricted based on the number of warrants, stock options outstanding, and toxic notes. PTAM has a clean balance sheet, which makes it able to trade freely. This is similar to a recent report of US company ‘Italian Food & Beverage” (OTC:IFBC) who is largely owned by insiders, and recently upgraded to OTC Pink Current with an updated website.

In a recent filing, it was reported that the CEO of PTAM now holds over 80% of the common shares of the company, effectively and immediately bolstering any technical position some analysts might have. In fact, PTAM has recently been upgraded to receive a rare 5 star technical FNW ‘buy’ upgrade. Below we will highlight the key elements that led to the decision to include a US penny stock to a list of 5-star technical rating stocks.

First, the short term indicators.

Short Term (98%)
S120 Day Moving Average BUY
S220 – 50 Day MACD Oscillator BUY
S320 – 100 Day MACD Oscillator BUY
S420 – 200 Day MACD Oscillator BUY

Second, the medium term indicators.

Medium Term Indicators (95%)
 50 Day Moving Average BUY
 50 – 100 Day MACD Oscillator BUY
 50 – 150 Day MACD Oscillator BUY
 50 – 200 Day MACD Oscillator BUY

Finally, long term outlook.

Long Term Indicators
 100 Day Moving Average BUY
 150 Day Moving Average BUY
 200 Day Moving Average BUY
 100 – 200 Day MACD Oscillator BUY

Currently trading at roughly $0.033 per share, recent resistance levels have been broke on ITV points, allowing for significant room for price appreciation as company continues to roll out its business plans. Based on the technical ratings, PTAM is capable of entering a new trading channel near the previous $0.12 to $0.15 mark within 2019. As mentioned before, with the CEO owning over 80% of the common shares of the company, no outstanding stock options, no warrants due, new price highs might be witnessed due to the limited amount of stock left in the public float.

EquityBulletin.com Opinions are not a recommendation to buy or sell a security. Your decision whether or not to make a purchase should be based on your own due diligence and not on any representation we make to you. Of course, we advise everyone to do their own due diligence, and make yourself familiar with the companies previous filings.

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