Vapor Hub International Inc.'s (OTCQB: VHUB) share volume skyrocketed on May 5th, with 3,650,425 shares exchanging hands, significantly higher than its three month average daily volume of 559,134.
This surge in volume comes after the company announced it has launch a problem solving e-liquid brokering website called "The Portal."
"We are very proud to continue to be an innovator of products and services to the rapidly growing vaping, e-cigarette, and e-liquid industry," stated Andrew Birnbaum, CEO of Vapor Hub International Inc. "The launch of our new online e-liquid portal is another way we can bring cohesive progress and credibility to a fractured and anxious market. Each state in this great nation has developed its own unique marketplace for e-liquids, now they have an opportunity to better service those retail accounts through their reputable distributors with little concern about changes to government e-liquid regulations, quality control, and large order fulfillment."
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Vapor Group Inc.'s (OTCQB: VPOR) share volume dipped on May 5th, with 3,479,338 shares exchanging hands, much lower than its three month average share volume of 18,614,939.
VPOR announced today it has closed a private placement with Hanover Holdings I, LLC, in aggregate principal amount $1,342,391.17 in 8% Senior Convertible Notes due twelve months from the date of issuance. Hanover purchased the Notes for $1,235,000.
Vapor Group's President and CEO, Dror Svorai, said, "We are delighted to have closed this private placement, the proceeds from which we are immediately using to increase our inventories of e-liquids, e-cigarettes and vaporizers. A continuing challenge for us has been that because we have been experiencing a non-stop accelerated product demand, we have constantly been required to increase our inventory investment. As a result, we needed to seek the best financing agreement attainable to fund the extra inventory. Hanover came through for us."
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mCig, Inc. (OTCQB: MCIG) share volume dropped with 1,343,589 shares changing hands on May 5th, significantly lower than its three month average of 5,078,041 shares per day.
With no very recent news, let's focus on what the company does:
mCig, Inc. (MCIG) is a technology company focused on two long-term secular trends sweeping the globe: (1) The decriminalization and legalization of marijuana for medicinal or recreational purposes (2) The adoption of electronic vaporizing cigarettes (commonly known as "eCigs") by the world's 1.2 Billion smokers. The company manufactures and retails the mCig -- the world's most affordable vaporizer priced at only $10. Designed in the USA -- the mCig provides a superior smoking experience by heating plant material, waxes, and oils delivering a smoother inhalation experience. The company also owns Vapolution, Inc. which manufactures and retails home-use vaporizers such as the Vapolution 2.0. Through its wholly owned subsidiary, VitaCig, Inc. the company manufactures and retails the VitaCig, a $2 nicotine-free eCig that delivers a water-vapor mixed with vitamins and organic flavors. Through its wholly owned subsidiary, LiqCig, Inc. the company is engaged in the development of the world's first pre-packaged alcoholic eCig.
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