How is the Penny Stock Space Affecting the Market? Cherubim Interests Inc (CHIT), NORTH AMERICAN CANNABIS HOLDINGS, INC (USMJ), FBEC Worldwide Inc (FBEC)

Stocks in the United States dropped on Thursday following the end of the worse few quarters in four years. As of right now, investors are looking for the government to release its monthly data on jobs. Professionals estimate that 200,000 workers have been added to employers’ payrolls last month. More job growth would hint that the Federal Reserve may raise interest-rates at their next meeting. The bottom line is something must be done. Overall, the S&P 500 has dropped eight percent over the last ninety days, but let’s take a look at how the penny stock space is performing.

Cherubim Interests Inc (OTCMKTS:CHIT) is a company that focuses on construction projects and providing to all part of real estate development. This includes planning, construction, renovation, as well as management. This morning, at 9:36 a.m., Cherubim Interests Inc (OTCMKTS:CHIT) saw a low of $0.002. From that time to 2:59 p.m., the stock saw a 390% increase to $0.0098. On Monday, Cherubim Interests Inc. announced that they opened up a new website that would help the company communicate with shareholders and potential investors. Over the last ninety days, CHIT has seen lows of $0.0016 and a 6150% difference to $0.1.

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NORTH AMERICAN CANNABIS HOLDINGS, INC (OTMKTS:USMJ) is a company committed to being of benefit to the lives of others with cannabis. They seek to use cannabis to fight diseases, improve health, and at the same time, not have a negative impact on the environment. On Thursday morning, NORTH AMERICAN CANNABIS HOLDINGS, INC (OTMKTS:USMJ) announced that they have officially manufactured their first EpiVape product. EpiVape is a hemp oil medicinal vaporizer that is meant to appeal to a medicinal user rather than a recreational one. Over the last ninety days, USMJ has seen lows of $0.0008 and a 1462.5% difference to $0.0125. On the same Thursday that the news was released, USMJ was trading with a volume of 128,738,824 as of 3:38 p.m.

FBEC Worldwide Inc (OTCMKTS:FBEC) is another company that makes use of cannabis, however, they do so in a much more unique way; the company makes proprietary beverages containing hemp that appeal to very specific demographics. On Wednesday afternoon, FBEC Worldwide Inc (OTCMKTS:FBEC) announced that they would be holding a conference call on Wednesday October 7, 2015 at 4:30pm. CEO Jason Spatafora stated, “I am eager to fill the current and prospective shareholders in on what we have in store for the launch of WolfShot(TM) as well as our strategies moving forward with regard to product marketing, national distribution, future flavors & products, investor relations efforts, and overall company strategy.” Over the last three months, FBEC has seen lows of $0.011 and has seen a 1104.55% difference to a high of $0.1325.

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