Shareholders of Creative Edge Nutrition Inc. (OTCPINK: FITX) have their fingers crossed hoping that the fledgling medical-marijuana company will soon announce that it has finally been granted a long-awaited Health Canada license.
But some industry observers believe this is an unlikely scenario.
This lack of faith in the Madison Heights, Mich. company’s chances of getting a Cannabis license anytime soon could explain why its share price of 6 cents remained unchanged Sept. 19, despite its robust volume of 17.4 million shares being substantially higher than its 30-day average volume of 12.9 million shares.
Tedious, Drawn-Out Process
The fact that Creative Edge has not been issuing any meaningful press releases or SEC filings lately could be a result of the once hyped medical-marijuana industry’s collision with the hard reality that getting licensing from Health Canada is not only a long, tedious process, but is also a competitive process.
This reality has driven many of the penny-stock marijuana companies into a collective holding pattern.
Rumors of Imminent Licensing
Despite all of this, some Creative Edge shareholders are hanging their hats on unconfirmed rumors that the company is about to announce that it has been granted a license by Health Canada.
They base their hopes on the fact that Creative Edge has postponed a meeting it had scheduled with an Ontario neighborhood where it has a facility to Oct.23. We’ll just have to see if there is any truth behind this speculation, but some observers seriously doubt it.
Find out what could be the best investor’s move when it comes to FITX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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True Drinks Holdings’ Volume and Share Value Soar On News of Wal-Mart Deal
On Sept. 19, True Drinks Holdings Inc. (OTCQB: TRUU) stock volume continued to rally on news that Wal-Mart would begin selling its AquaBall water this month, with 261,680 shares changing hands, substantially higher than its 30-day average volume of 186,827 shares.
But this is nothing compared to True Drink’s share volume the day before when it skyrocketed to 1.3 million shares changing hands, with its share value peaking at 39.5 cents.
Two Big Wins
The Wal-Mart announcement is the second major win this year for True Drinks. The first one was securing licensing deals with Disney and Marvel that lets the beverage company use the faces of popular comic and animation characters on AquaBall bottles.
True Drink’s latest 10-Q for the quarter ending Jun. 30 also reveals the following:
- $3.3 million current assets
- $6.7 million current liabilities
- $1.16 million quarterly revenue
- $1.57 million quarterly net loss
- $362,0000 in cash
On Sept, 19, TRUU’s share price closed at 36 cents, down 3 cents from its close the previous day.
Find out what could be the best investor’s move when it comes to TRUU by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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ICTV Brands Just Keeps Keeping On
On Sept. 19, ICTV Brands Inc. (OTCQB: ICTV) shares closed at 70 cents, unchanged from the previous day, with 118,406 shares changing hands, about one-half its 30-day average volume of 241,697 shares.
Unlike so many other penny stocks, the Wayne, Penn.-based infomercial company has done little to promote itself. In fact, it hasn’t issued any press releases since Aug. 19 when it announced that it would be attending the 2014 National Association of Chain Drugstores where it would rollout a new skincare device and acne treatment.
Fair Financials
If there is a high point in ICTV’s recent history, it is financial. The company, again, unlike so many other penny stocks, actually made money, according to its latest 10Q, covering the period ending Jun. 30.
Here’s a summary:
- Net income: $159 thousand
- Current assets: $5.4 million
- Current liabilities: $2.1 million
- Revenue: $7.8 million
- Cash: $1.9 millionAll and all, ICTV appears to be a marketing company that is holding a steady course, despite being terrifically unexciting at the moment.
However, it should also be noted that although the company made money this year, its net profit was 75% less than it was in 2013. In addition, ICTV had a run in with the SEC in 2010 when the agency accused ICTV’s long-gone CFO Karl Redekopp of “phony accounting of infomercial sales.”
Find out what could be the best investor’s move when it comes to ICTV by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Walgreens to Carry Minerco Resources Vitamin FIZZ
Minerco Resources Inc.’s (OTCQB: MINE) stock value on Sept. 19 closed at 0.0075 cents, up 0.0001 cents from the previous day, with 30 million shares changing hands, yet less than its 30-day average volume of 35 million shares.
On Sept. 17, Minerco announced that the Walgreens stores in Southern California would begin selling its Vitamin FIZZ brand starting the week of Sept. 29, 2014. Walgreens has approximately 300 locations in the Southern California region.
In addition, Minerco has developed the LEVEL 5 and COFFEE BOOST brands and has acquired the exclusive worldwide rights to the VitaminFIZZ Brand. These products are currently available in Southern California and Arizona and online at Amazon.com
The Nashua, N.H.-based company is the parent company of Level 5 Beverage Co., a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural brands.
While this latest announcement from Minerco is potentially good news for the embryonic beverage company, its latest 10Q filed Aug. 26 is quite sobering. For the three months ending Apr. 30, Minerco lost more than $8 million.
Find out what could be the best investor’s move when it comes to MINE by getting the complete report here, or by cutting and pasting the following link in your Web browser:
www.pennypickalerts.com
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