VaporBrands International Inc. (OTC Pink: VAPR) made news on Feb. 6 when it announced that it will market Hemp Oil produced by Marijuana, Inc. a wholly owned subsidiary of Hemp Inc., in electronic cigarettes supplied by VaporBrands for medicinal purposes and recreational use, where legal.
The two companies have formulated a strategic plan for the development of and use of Hemp Oil in specialized adaptations of VaporBrands' electronic vaporization products for use in the field of marijuana-based medicine. VaporBrands and Hemp signed a Letter of Intent on Jan. 28, 2014 with Marijuana, Inc., a wholly owned subsidiary of Hemp, Inc., a provider of products and services for the industrial hemp and medical marijuana industries.
Eventually Being Marketed To Retail Marijuana Superstores
Under the terms of the Joint Venture's strategic plan specially designed vaporizing products, including electronic cigarettes will be supplied by VaporBrands' to the Joint Venture and marketed through Medical Marijuana dispensaries and eventually retail marijuana superstores in Colorado and Washington when operational.
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.
According to the release, based on the current and projected positive market conditions for legal marijuana (medical and recreational), the company anticipates significant demand for VaporBrands and Marijuana, Inc. co-developed vaporizing products among a wide cross-section of users that are seeking the safest and most effective way to consume marijuana.
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Spate of Good News Pushes Share Value Upward
Meanwhile, on Feb. 24, 2014, Advanced Cannabis Solutions (OTCQB: CANN) stock volume was robust with 154,836 shares changing hands, significantly higher than its three-month average volume of 109,719 shares.
The Colorado Springs, Colo-based company that leases growing space and related facilities to licensed marijuana business operators has seen its share value nudging upward over the last month.
Signs Consulting Contract
The upward trend is being fueled by a spate of positive news coming from the company. On Feb. 20, Advanced Cannabis Solutions said it has signed an agreement to provide comprehensive consulting services to a significant investor group in Canada. This group is involved in the start-up and operation of a large cannabis production operation serving the Canadian medical marijuana marketplace. The contract has a minimum duration of six months and a potential value in the low six figures.
In addition, the company that is headquartered in the middle of one of the first, vibrant legal-marijuana marketplaces in the country has recently been approved for a major line of credit.
These two elements are essential for Advanced Cannabis Solutions to be able to build and equip the facilities it wants to rent to cannabis growers.
In Colorado alone, the medical marijuana market is estimated to be $350 million in size while the legalization of recreational marijuana could expand that figure to over $500 million in 2014 by some accounts. These figures are significantly larger throughout the United States. Some analysts estimate the total market at between $10 billion and $120 billion per year in size, depending on the success of various legalization efforts and the components included in the estimates.
New 30-Million Credit Line
On Jan. 21, Advanced Cannabis Solutions announced that it had established a $30-million credit line.
According to a release, Advanced Cannabis Solutions signed a definitive agreement with Full Circle Capital Corp., a closed-end investment company. The agreement provides that the investment fund will initially provide $7.5 million to the company in the form of Senior Secured Convertible Notes, subject to certain conditions. An additional $22.5 million can be borrowed by Company with the mutual agreement of the company and the investment company.
At least 95% of the loan proceeds will be used to acquire properties, which the company consistent with its business plan, will lease to licensed cannabis growers.
"The six-year loan will be secured by real estate acquired with the loan proceeds, and will require interest-only payments at a rate of 12% per year," the release explained, outlining the agreement.
On Feb 24, CANN's share price closed at $18.25, up $1.25 cents from its closing price of $17.00 the previous day.
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Already Established in Prime Location
Finally, Hollywood, Calif.-based Medbox, Inc. (OTCPINK Markets: MDBX), a maker of patented, self-service, identity-verifying medicine dispensers, believes it is perfectly positioned to cash in on the burgeoning medical marijuana market in California.
“Legal marijuana is one of the most rapidly expanding medical markets in the U.S., projected to exceed $3 billion in 2014," said Dr. Bruce Bedrick, chief executive officer, Medbox, Inc., in a written statement. “This rapid growth is creating significant opportunities and Medbox is positioned as the first mover and clear industry leader in this burgeoning sector. Our offerings include sophisticated and comprehensive consulting services for dispensary permit applicants and cultivators, as well as offering dispensing technologies and vaporizers. The breadth and depth of our offerings position us to strengthen our leadership role and we felt it was an appropriate time to retain proven IR counsel to help us raise our visibility in the investment community, communicate our investment thesis and broaden our shareholder base,” he added.
Medbox’s dispensers even have the precaution of requiring a finger print check for identity. The company hopes to ultimately place these dispensers in the thousands of clinics and approved facilities that it hopes one day will dispense medical marijuana.
New Patents Awarded
At the same time, Medbox is developing and patenting even more practical products for the cannabis industry.
On Jan. 21, Medbox announced that it has expanded its intellectual property portfolio with the confirmation that it has been awarded two additional patents for its Vaporfection brand of products. The announcement was made in conjunction with a comprehensive shareholder update, and Form 10 filing with the Securities and Exchange Commission.
The patents, awarded to the company's wholly owned subsidiary, Vaporfection International, Inc., specifically relate to:
- Vapor Glass™ technology, which features the use of laboratory grade glass encased heating element positioned in the center of the laboratory grade glass heating chamber air pathway. This unique Glass on Glass design results in a superior quality and efficient air/heat flow vapor, which ensures that nothing but the purest convection heated air enters the plant material, which releases the purest, naturally flavored and virtually odorless vapor into the users’ respiratory system. This method is unlike most vaporizers that apply conduction heat to the plant material using ceramics, metals and other possible contaminates in the air pathway.
- Vapor Sense™ technology, which features a touch screen interface linked to an automatic temperature sensing control system. The technology uses a digital microprocessor temperature controller directly connected to a thermo coupling temperature sensor in the heating chamber. It also incorporates a fixed temperature setting option, auto shut-off, and cool-down safety features.
MDBX share price closed at $27.30 on Feb. 24, down 70 cents from its closing price of $28.00 the previous day.
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