Triton Distribution Systems Sees Share Volume Slide Along With Rest of Marijuana Industry


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PK:TTDZ / PK:MJNA / PK:LATF / OTC:BB:VPOR
05/20/2014 [ACCESSWIRE]

Triton Distribution Systems, Inc. (OTCPINK: TTDZ) saw its share volume dip on May 19th with 50,747,656 shares exchanging hands, slightly lower than its three month daily average volume of 63,022,166 shares.

Triton Distribution Systems recently released a corporate update which included its first quarterly financial report for the year 2014.  In addition, the company’s legal counsel notified Triton that its application for name change is currently in preliminary review stages with FINRA.

Triton operates a diverse portfolio of services and products within the botanical and medical cannabis industry, as permitted by law. The products include nutritional supplements, vitamins, minerals, herbs/botanicals, sports nutrition, and specialty. In this rapidly growing industry of alternative care and medicinal products, Triton Distribution Systems, Inc. also provides to the online community portals that supply with information and resources regarding the benefits of cannabis-derived products.

TTDZ closed at $.0132 on May 19th, down 23.7% from its previous close of $.0173.

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Medical Marijuana, Inc. (OTCPINK: MJNA) saw its share volume slide on May 19th with 2,875,527 shares exchanging hands, significantly lower than its three month daily average volume of 9,569,283 shares.

Medical Marijuana, Inc.’s portfolio company, HempMeds, had an exhibit at the American Academy of Anti-Aging Medicne Orlando World Congress on May 16th and 17th.   

"Hemp has been around since the beginning of mankind and yet, due to propaganda that began at the turn of the last century, it was once banned from many countries," says Charles Vest, VP of Communications for HempMeds(TM). "We are extremely excited for the opportunity to sponsor the professional education of leaders in the anti-aging field as this amazing, non-GMO plant makes a resurgence globally."

Vest continues, "We would like to thank the A4M for the ability to have a world-renowned guest speaker present this fascinating topic and are looking forward to the resulting heightened awareness of CBD-rich hemp oil as a result of HempMeds' participation in the A4M Orlando conference."

MJNA closed at $.19 on May 19th, 1.06% higher than its previous close of $.188.

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Latteno Food Corp. (OTCPINK: LATF) saw its share volume sink on May 19th with 121,880,496 shares exchanging hands, significantly lower than its three month daily average volume of 196,500,131 shares.

Latteno Food Corp. announced the closing of an Acquisition Agreement with Vemas Herb & Health, one of Los Angeles' first and premier pre-ICO Medical Marijuana (MMJ) license holders, to acquire their MedCann Express and CannaBee Sweets operating divisions. The two divisions will be integrated into Latteno's current operations; and the Company will integrated the best selling products and services across the Company's varied operations.

"We are very excited with the acquisition of Vemas' operating divisions and the potential they hold as we integrate them into our operations. We look forward to further announcements as the next steps in our products development," commented CEO Thu Le. "This acquisition is an important step in our aggressive growth strategy."

LATF closed at $.0038 on May 19th, 9.52% lower than its previous close of $.0042.

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Vapor Group, Inc. (OTCQB: VPOR) saw its share volume decline on May 19th with 5,012,778 shares exchanging hands, more than three times less its three month daily average volume of 17,057,144 shares.

Vapor Group recently released a preliminary statement about its first quarter 2014 operating results.  For January to March 2014, Vapor Group had gross revenues of approximately $1 million (over $950,000) and a gross profit of over $1/2 million, (over $600,000). Consolidated, PCAOB auditor-reviewed financial statements for the calendar quarter will be released next week following completion of internal reviews.

Dror Svorai, President and CEO, added, "So far 2014 has far outpaced the same period of 2013. For the full year of 2013 we had gross revenues of $1,991,023, and a gross profit of $1,124,273, most of which occurred in the second half of the year. That means that with only a quarter of the year (3 months) completed we already have achieved about half of 2013's full year revenues and over half of its full year's gross profit."

VPOR closed at $.0874 on May 19th, 6.2% higher than its previous close of $.0823.

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