Tranzbyte Corp. (OTCPINK: ERBB), the driving force behind American Green, OneBode, The YO! Debit Card, and BancoLibre, saw its share volume dip on May 5th, with 86,727,752 shares exchanging hands, down almost half from its three month average of 158,025,593 shares per day.
This dip in volume is indicative of the trend in the marijuana industry as of late. While dollar volumes remain high compared with the rest of the OTC Markets, share volume has seen a leveling off.
Last week, it was announced Tranzbyte will be teaming up with USEI Cannabis Initiatives Corp to joint venture on a grow facility and dispensary project in the metropolitan Denver region. The project will incorporate USEI’s 'lighting technologies', ERBB’s Jurassic water system, and a trial of top nutrient cannabis products being developed separately by both companies.
"The chance to participate on the ground floor and really get our hands dirty in the cultivation side of the business is something we are excited about. And to do it in a scenario where we believe we'll soon have the opportunity to participate in the actual public-facing side of a licensed entity; to have a venture where we are involved in the day to day business of cannabis sales; it is an opportunity we eagerly and collectively embrace," comments David Gwyther, president of Tranzbyte.
ERBB closed May 5th at $.04, up $.0046 (13%) from its previous close of $.0354.
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Integrated Cannabis Solutions, Inc. To Provide Regulatory Assistance to Cannabis Businesses
Integrated Cannabis Solutions, Inc.’s (OTCPINK: IGPK) share volume skyrocketed with 1,646,436 shares exchanging hands on May 5th, over 19 times higher than its three month average of 83,658 shares per day.
This uptick in volume comes at the heels of the company announcing yesterday its core focus will be on providing regulatory assistance to new and existing legal cannabis businesses that are trying to navigate their way through the heavily regulated industry.
"We are excited by the enormous opportunity of this explosive industry. Our focus has been dictated by industry demand and a passion to assist public and private companies to become successful and compliant in the cannabis industry within the boundaries of the law," stated Alphonse Rojas, CEO of Integrated Cannabis Solutions, Inc.
IGPK closed May 5th at $.40, up $.23 (135.29%) from its previous close of $.17.
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CEN Biotech Inc.’s Facility ready for Pre-License Inspection
Creative Edge Nutrition Inc.’s (OTCPINK: FITX) share volume continued its downward trend on May 5th, with 15,438,807 shares exchanging hands, nearly five times lower than its three month average volume of 71,764,686 shares per day.
Just last week, CEN Biotech Inc., a partially owned subsidiary of Creative Edge Nutrition, announced its cannabis production facility is now ready for Health Canada to give its pre-license inspection.
CEN Biotech, Inc. was established in 2013 as a partially owned subsidiary of Creative Edge Nutrition (OTC Pink: FITX) for the sole purpose of supplying the Canadian public with pharmaceutical-grade medical cannabis under the newly established Marihuana for Medical Purposes Regulations (MMPR).
FITX closed at $.082 on May 5th, down a mere $.0009 (1.09%) from its previous close of $.0829.
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Vega’s Biochar Turns Heads
Vega Biofuels, Inc. (OTCPINK: VGPR), a biofuel product company that recently entered the marijuana industry, saw its share volume remain strong on May 5th, with 41,532,576 exchanging hands.
Vega Biofuels made headlines last month with its revolutionary new product, Biochar. Vega’s Biochar is a highly absorbent specially designed charcoal-type product primarily used as a soil enhancement for the agricultural industry to significantly increase crop yields. The Company’s Biochar offers a powerfully simple solution to some of today’s most urgent environmental concerns. The production of Biochar for carbon sequestration in the soil is also a carbon-negative process.
VGPR closed at $.01, up $.0001 (11.11%) from its previous close of $.009.
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