Tranzbyte Corp. Leads The Way As Marijuana Stocks Surge In Share Volume


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PK:ERBB / PK:FITX / PK:HEMP
05/21/2014 [ACCESSWIRE]

Tranzbyte Corp (OTCPINK: ERBB) saw its share volume skyrocket on May 21st with 246,551,232 shares exchanging hands, nearly double its three month daily average volume of 124,400,221. 

This uptick in volume comes after Tranzbyte announced today that the ZaZZZ, Mach 1, will begin leaving the factory next week for delivery, set up, and use in concert with a coordinated media event at all four dispensary locations. The machines may be in place and in use in advance of the 12th, but a "safety-net" of a few days has been built in for general planning of the webcast so all shareholders can be included in the event.

The company plans to address a wide range of topics relating to its many divisions and their products in a conference call scheduled for 1PM Eastern on June 10th. "We have irons in many fires, and sometimes one aspect or another of our business gets obscured," says company president David Gwyther. "We realize that until our efforts are visible on a day to day basis, the onus is on us to keep the public informed. Conference calls such as these will provide the time and platform to communicate more of our vision and progress to more people than can a press release or sound bite from media interviews."

ERBB closed the day at $.0247, up 23.5% higher than its previous close of $.02.

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Creative Edge Nutrition, Inc. Retains Thompson Hine LLP As Corporate Counsel

Creative Edge Nutrition, Inc. (OTCPINK: FITX) saw its share volume soar on May 20th with 95,514,752 shares exchanging hands, significantly higher than its three month daily average volume of 57,563,627 shares.

This jump in volume comes after the company announced that it has retained the leading national law firm Thompson Hine LLP as its corporate counsel. 

"We are delighted to be working with Thompson Hine ," commented Bill Chaaban, President & CEO. “The firm has been recognized in the top 1% of law firms nationwide by in-house counsel for innovation for two years in a row and we are proud of our association with them. Given their business-oriented approach, we look forward to sculpting a framework based around our highest priorities which include our corporate governance practice, future financing activities and high quality counsel on our corporate business objectives. We look forward to working together to strengthen our public company infrastructure and to create realizable returns for our shareholders.”

FITX closed the day at $.0555, up 20.65% from its previous close of $.046.

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Hemp Inc. Announces First Quarter Sales

Hemp, Inc. (OTCPINK: HEMP) saw its share volume soar on May 21st with 51,589,196 shares exchanging hands, significantly higher than its three month daily average volume of 29,180,830 shares.

This uptick in volume comes after Hemp announced first-quarter 2014 sales revenue of $5,490,874 resulting in a net income for the quarter of $2,606,782, surpassing previous high marks for revenue, in any one quarter, since inception. First quarter sales increased 1,188% over first quarter sales the previous year and a marked 660% increase over the previous quarter. Since Hemp, Inc.'s transition from a developmental stage company to an operational stage company, sales have increased as shown by 2014's first quarter. Specifically, sales from the first quarter, which primarily reflects the added income from its consulting services, have far outpaced all four quarters of 2013 by 133%.

"In the first quarter we continued to build our sales and marketing efforts and investments," said Bruce Perlowin, CEO of Hemp, Inc. (HEMP). "As we progress through 2014, we'll continue to form an organized and unified cohesive 'Community of Companies' with very interactive ambassadors who interface with each of these companies in order to expand their presence, products and services into the medical marijuana and Industrial Hemp industries with all its many facets. So, we're eagerly looking forward to bringing more hemp-based green solutions to the American people. Over the long term, our efforts will position us to drive growth and increased value to our shareholders."

HEMP closed the day at $.0641, 11.71% higher than its previous close of $.0521.

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