Premier Brands Inc.’s (OTCPINK: BRND) stock volume skyrocketed Apr. 23, with 159,372,816 shares changing hands, nearly 10 times its three-month average volume of 16,930,687 shares.
The sudden surge in volume is being fueled by the Roseville, Calif.-based consumer incubator’s announcement that is expanding its range of products and services to cover medical marijuana with a new offering that includes branding, sales and distribution, product development including a portfolio of cannabis nutraceutical, beverage and personal care brands which the company will own and operate.
According to Premier Brands, the medical marijuana industry is still in its infancy with supply chain and branding. Premier Brands said it will strive to provide its best practices and experiences brought from the management team's 40 years of combined work in distribution, sales, product creation, and marketing of consumer goods.
Brings Its Expertise to This Niche
Premier Brands has been offering these types of services in other product areas for the past two years and now the same team, time and resources will be used to leap into the medical marijuana vertical. The Company will launch two new initiatives: Joint Ventures and New Cannabis Products.
Joint ventures include partnering with other companies to produce new products and providing services like product development, sales and marketing. New cannabis products will include a brand new line of medical marijuana products including nutraceuticals, beverages and personal care products. The first products will be launched in the summer of 2014.
On Apr. 23, BRND’s share price closed at 0.0033 cents, up 0.0005 cents from the previous day’s closing price of 0.0033.
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Latteno Food Corp. To Expand Its Medical-Marijuana Deliveries in 4 States
In other news, Latteno Food Corp. (OTCPPINK: LATF) also enjoyed robust stock volume Apr. 23 with 200,288,590 shares changing hands.
The strong volume comes the same day the Santa Ana-based medical-marijuana company announce d that, based on the success of its recent acquisitions and openings, it has directed more capital and resources to the expansion of its Medical-Marijuana (MMJ) operations in California, Nevada, Colorado and Washington.
Specific initiatives include the expansion of its MMJ Delivery Service, the finalization of MMJ grower warehouse facilities in Denver, the opening of a MMJ Dispensary in Denver, CO and the establishment of a second MMJ Evaluation Office in Las Vegas.
Continues to Expand Through Acquisitions
The company had recently announced two MMJ Delivery and Customer list acquisitions under its newly created Rx Harvest Collectives banner; and negotiations are currently underway to expand this successful service across Southern California. Additionally, other centers, including Las Vegas, Denver and Washington State are being considered once the Company has its complimentary MMJ Evaluation Offices, and supply sources established.
Moreover, the very positive consumer reaction to the company's recently opened Medical Marijuana Evaluation office in Los Angeles, Calif., has accelerated a second opening planned for Las Vegas, NV. This office will also be staffed by accredited Doctors who are authorized to evaluate and recommend state-issued MMJ cards to qualified residents. Latteno's MMJ Evaluation Service is expected to provide a continuing source of potential MMJ Delivery customers.
Latteno continues its targeted multi-media campaign that includes social media strategies (Facebook and Instagram), participation in MMJ internet portals including Weedmaps.com, and through weekly local advertising including OC Weekly (April 10th special edition, The Rolling Paper 4/20 Guide) and LA Weekly. The initial results have been beyond expectations.
On Apr. 23, LATF’s share price closed at 0.0054 cents, down 0.0009 cents from the previous day’s closing price of 0.0063.
Green Cures Inc. Appoints New Officers
Meanwhile, Green Cures Inc. and Triton Distribution Systems Inc. (OTCPINK: TTDZ) announced the appointment of Mr. Robert Calkin as new chief executive officer, Meki Cox as new chief technology officer, Romeo O Cruz as new treasurer & board member, Dr. Wendy Osegueda as new South and Central America chief of operations & board member and the addition of Dr. Jhasmin Santizo to the board of directors.
The announcement of the new management team came less than a week after Green Cure’s Mar. 29 closing of its acquisition for controlling interest in Triton. The company is in the process of it changing its name and ticker symbol.
The California-based medical marijuana company said it would also the cancel approximately 300 million common shares owned by Green Cures Inc. and being acquiring assets (including intellectual property and products) into the company.
Name Change Strategy
Green Cures believes a new name and trading symbol for the company will help the market to identify its business focus following the restructuring and reorganization. The name of the company is to be legally changed to "Green Cures and Botanical Distribution, Inc."
Triton and Green Cures also announced that Triton plans to acquire certain assets, including rights to domain names, certain trademarks with pending registrations and intellectual property, and certain existing products, which will be used in Triton's business.
The assets to be acquired include AllBotanical.com, AllCannabis.com, FutureMarijuana.com, CBDoil.us, and CBDcolorado.com, as well as exclusive licensing rights to all Green Magic and Green Cures products from Green Cures Inc., in order to enable the Company to move quickly with business operations following the restructuring plan completion. Management believes that acquiring these assets will enable the Company to begin commercial operations and implement its business plan, while offering initial products, allowing the Company to move forward more quickly in this fast-paced industry.
Additionally, Triton's management anticipates that the website Allbotanical.com will initially feature a total of 10 products, ready-to-ship, from the Green Magic line, along with additional products from other distributors. The Company intends to offer Green Magic Products to the public with an active Liability, and Packagers Protection Policy; therefore, the launching of Allbotanical.com is rescheduled for an expected date of April 14, 2014.
The company is also providing an update on the previously announced distribution of the shares of common stock of another publicly traded company, Privileged World Travel Club Inc., to stockholders of the company. Management is working to determine the best time and methods to make such a distribution, while balancing factors involved, including the costs and time required for undertaking such a distribution transaction, the performance of Privileged World Travel Club in the market and more.
On Apr. 23, TTDZ’s share price closed at 4 cents, up 1 cent from its previous day’s closing price of 3 cents, on volume of 58.8-million shares.
Vapor Group Inc. Showcases Its Latest Products
Finally, Vapor Group, Inc.’s (OTCQB: SPLI) stock volume continued to soar Apr. 23, with 15,223,763 changing hands.
This comes on the heels of the Davie, Fla.-based automobile parts firm that has morphed into a medical-marijuana accessory company’s announcement that displayed its new, cutting-edge vaporizers at the High Times’ U.S. Cannabis Cup held at the Denver Mart, Denver, Colorado, on Apr. 19 to 20. More than 40,000 adults and 700 vendors are expected for the two-day public event. Vapor Group will be exhibiting the new products at its booth 203B.
"There is no doubt that this is a truly unique 'show' reflective of the changing times we live in. As you already know, Vapor Group manufactures and markets several e-cigarette brands and high-tech vaporizers suitable for a range of purposes," Vapor Group’s President Dror Svorai said, in a written statement.
This latest good news comes less than a week after Vapor Group revealed that it had acquired a 51% ownership interest in online reseller of e-cigarette products and accessories, American Vaporizer LLC, marketer of the brand, “American Smoke.” Terms and conditions of the transaction weren't disclosed.
"We have been negotiating obtaining a majority ownership in this company for some time," said President of the Vapor Group Dror Svorai, in a written statement. "We have had a 25% ownership interest in American Vaporizer since its inception and believe that now is the time to increase our stake," he added.
Despite this positive announcement and the recently completed merger of AvWorks Aviation Corp., SPLI, and Vapor Group Inc., its stock has lost more than half of its value in less than a month.
On Apr. 23, SPLI’s share price closed at 9 cents, down 2 cents from the previous day’s close of 11 cents.
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