Nuvilex Inc. (OTCQB - NVLX) stock volume soared to 6,285,007 shares Jan. 31, nearly double its three-month average of 3,562,077 shares.
The uptick in volume is probably being fueled by a spate of good news being churned out by the Silver Spring-Md.-based biotechnology company that is developing new cancer and diabetes treatments from cannabis.
New Technology Acquired
On Jan. 30, Nuvilex announced it had acquired a 14.5% equity interest in Austrianova Singapore Pte. Ltd. This fulfils an obligation by Austrianova to Nuvilex that was part of the asset purchase agreement between both companies pertaining to the acquisition of Bio Blue Bird AG and, with it, the worldwide exclusive rights for Nuvilex to use Austrianova's Cell-in-a-Box cellulose-based live-cell encapsulation technology for the development of treatments for all types of cancer. Nuvilex has also obtained from Austrianova Singapore the exclusive worldwide rights to use the Cell-in-a-Box technology for the development of treatments for diabetes.
This news comes only three days after another release by Nuvilex talked in glowing terms about its foray into the medical-marijuana business.
According to the Jan. 27 release, Nuvilex is entering the legal-marijuana market via its wholly-owned subsidiary Medical Marijuana Sciences. In the release, Nuvilex vowed to build a company that will be capable of competing with any other company in the sector. The release also touted Dr. Mark Rabe as a well-known figure in the medical marijuana industry, who it named as chairman of the Scientific Advisory Board for Medical Marijuana Sciences. No specific business plans or deals were mentioned.
Reading between the Lines
Nuvilex has high hopes, ambitions and plans. However, so far, it has only begun positioning itself to begin seeking approval for cannabis-related treatments that may or may not be approved anytime soon.
On Jan. 31, 2014, shares of NVLX closed at 0.1844 cents, up 0.0034 cents from 0.181, the previous day’s close.
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Commerce City, Colo-based FusionPharm Inc. (OTCPINK: FSPM) makes and sells cultivation containers for marijuana growers.
Share Value Increases 36% Jan. 31
It’s a down-to-earth business with much growth potential. On Jan. 31, its stock volume continues to soar, with 1,550,988 shares changing hands, nearly six times its three-month average of 258,830 shares.
Its robust volume and the nice 36% increase in its share value at the close of the market Jan. 31 were most probably being pushed by FusionPharm’s announcement that it posted a 38% revenue growth, quarter to quarter, for the period ended Sept. 30, 2013. In a written statement, FusionPharm said it anticipates posting its year-end results before the end of February, 2014.
"Our third quarter results are but an indicator of things to come" CEO Scott Dittman said, in a written statement. "We have completed our retrofit of our new Denver manufacturing and sales facility and are busily filling orders bound for customers in both the United States and Canada. We couldn't be more excited about the future," he added.
While 38% revenue sounds impressive, the obvious question any potential investor would have is: 38% or what? Unfortunately, we won’t know any numbers until FusionPharm releases them by end of February. Still, the company’s cultivation containers are practical and if they work as advertised, they could become a big hit among cannabis growers. But it is too early to tell. We won’t know that until FusionPharm shares with the public how many orders it has actually taken.
On Jan. 31, FSPM’s share price closed at $6.76, up $1.78 from its closing price of $4.98 the previous day.
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On Jan. 31, Growlife announced that it had entered into a strategic partnership with RXNB Inc. Growlife entered into an agreement to purchase a 40% equity stake in RXNB Inc. To sell and distribute RXNB proprietary technologies globally and share profits related to technology licensing, subject to the approval of the GrowLife board. GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest.
The release further explains that RXNB is an investment company with holdings in drug formulation, manufacturing, and distribution. The company represents a recent roll-up of several independent companies in the pharmaceutical and nutraceutical market. RXNB has numerous pending patents in the field of THC research and development. RXNB has a portfolio valuation of $110 million dollars and approximately $27.5 million dollars in annual revenue.
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Under terms of the proposed joint venture, Marijuana, Inc. will assist VaporBrands with the development and distribution of specialized marijuana vaporizing products to be sold primarily through existing medical marijuana dispensary networks.
In addition, VaporBrands and Marijuana, Inc. have agreed to research, develop and distribute vaporizer products specifically for the use of Hemp Oil in natural medicine. Marijuana, Inc. has also agreed to assist VaporBrands in expanding the retail distribution of its current and future electronic nicotine based cigarette products.
Reading between the Lines
Jan. 31, HEMP closed at 9 cents, up 1 cent from yesterday’s close of 8 cents.
Find out what could be the best investor’s move when it comes to HEMP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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