Montalvo Spirits Inc. (OTCQB: TQLA) stock volume skyrocketed Apr. 28, with 4,658,034 shares changing hands, more than 64 times its three-month average volume of 72,396 shares.
The tremendous upsurge in volume is being fueled in part by the Moorpark, Calif.-based alcoholic beverage company’s announcement that it has established Cannabis Beverage Group Inc.
Cannabis Beverage Group (CBG) is a Colorado corporation and Montalvo Spirit’s wholly-owned subsidiary. CBG will pursue the development, marketing, and distribution of cannabis-based beverages, which include sodas, teas, energy drinks, liqueurs, and elixirs. CBG is actively seeking non-THC containing cannabis beverages that can be legally purchased throughout the United States.
Strategy to Develop New Brands
CBG's strategy for entry into the industry includes the development of new brands, as well as the potential acquisition, partnership, or distribution arrangements with brands that are currently in the market. In addition, CBG has begun gathering regulatory information regarding the potential partnership or acquisition of properly licensed companies in the medical marijuana beverage industry, and is currently developing an ecommerce website.
"After careful deliberation, we feel the time is right to begin actively exploring the entry into the cannabis beverage industry, including hemp products in addition to medical marijuana products in states in which it is legal to do so," said Alex Viecco, chief executive officer of Montalvo. "
The company expects to provide periodic updates on any progress in CBG's development, including the upcoming launch of an ecommerce website.
On Apr. 28, TQLA’s share price closed at 22 cents, up 6 cents from its previous day’s closing price of 16 cents.
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Tranzbyte Receives $1.7 Million Order from iMD
In other news, Tranzbyte Corp. (OTCPINK: ERBB) announced that a pre-order of 100 Jurassic Water units has arrived from its strategic marketing partner iMD Corp.
To facilitate the fulfilment of this order, valued at $1,700,000.00, and others expected soon, the company also announced that Michael Silvia has joined the American Green staff to extend sales and management of the division.
Following iMD's successful acquisition of Lumz'n Blooms Ltd. a Manufacturer and distributor of products and services for commercial and private growers, the company is holding a sales training in Sacramento, Calif. where Mr. Silvia will join 80 sales reps and iMD management to detail the technical aspects of the Jurassic system and share future plans for product growth with the sales force.
"Based on preliminary sales calls, our own direct sales of five units with three more being provided to independent test facilities and a university in conjunction with the increased sales force, getting the additional units into production immediately has become our top priority," says Stephen Shearin, Tranzbyte's chief operating officer.
On Apr 28, ERBB’s share price closed at 0.0326 cents, down 0.0077 from closing price of 4 cents the previous day, on volume of 125,158,078 million shares.
Triton Distribution Systems Inc. Enters Into Strategic Partnership with Hemjoba Inc.
Meanwhile, Triton Distribution Systems Inc. (OTCPINK: TTDZ) announced Apr. 24 that it has entered into a strategic partnership with Hemjoba Inc., a California corporation that produces and retails blended formulas of Jojoba oil and cold-extracted Cannabis oils.
Additionally, Triton provided updates on certain corporate events:
Since 2009, Hemjoba has strived to provide to the general public medical cannabis products, which do not have the euphoria and mind altering properties that have stigmatized the cannabis plant as a "Gateway Drug." The strategic partnership between Triton and Hemjoba will allow Allbotanical.com to become the exclusive on-line retailer of Hemjoba Pain Relieving Lotion and Hemjoba Omega XL H3O topical healing oil. At the same time, and with the assistance of Richard Brumfield, Founder of Hemjoba, Triton plans to develop additional product concepts for the brand Green Magic, and explore additional medicinal product concepts to be added to the brand Green Cures, which will be introduced to the public throughout 2014.
"Our primary goal is to offer a wide range of products through our first online e-commerce platform Allbotanical.com, which features products that do not require any medical prescription or recommendation," said Triton's CEO Robert Calkin.
On Apr. 28, TTDZ’s share price closed at 3 cents, unchanged from its previous day’s closing price.
Creative Edge Nutrition Inc. Appoints John A. Germinario New Chairman of the Board
Finally, Creative Edge Nutrition Inc. (OTCPINK: FITX) and CEN Biotech, a partially owned subsidiary of Creative Edge, announced the appointment of John A. Germinario as Chairman of the Board of Directors effective immediately.
As a seasoned banker with over 33 years of experience in global capital markets, Mr. Germinario will be managing a variety of immediate tasks including regulatory compliance, risk management, corporate governance, potential mergers and acquisitions, assessing market strategy and spearheading financing activities.
Mr. Germinario currently serves as CEO of Global Securities Services Corporation an international strategic institution focused on designing and implementing Depositary Receipt Programs for publicly traded companies. Prior to joining CEN Biotech, Mr. Germinario was a global capital markets securities fraud examiner and worked with the U.S. Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) Whistleblower to identify multiple levels of securities, bank and tax fraud, resulting in the collection of hundreds of millions of dollars in unpaid taxes by four major New York banks.
On Apr.28, FITX shares closed at 9 cents unchanged from its closing price the previous day.
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Doctor Orders Showcasing Tranzbyte Corp.’s New Marijuana Dispensers
In other news, Tranzbyte Corp. (OTCPINK: ERBB) announced that its recently unveiled automated marijuana dispensing machine, the ZaZZZ American Green Machine, will find homes at some of Colorado's most popular dispensaries -- Doctors Orders
According to Stephen Shearin, Tranzbyte's chief operating officer, “We are readying the first of several American Green ZaZZZ automated machines resulting from last week's unveiling in Avon, CO on Apr. 12, and it will be placed at the Doctors Orders Denver dispensary. We are very happy to be working with one of Colorado's premier medical and adult-use marijuana dispensary groups.”
Doctors Orders' President Josh Bartch added, “I believe that the ZaZZZ American Green Machine will fit perfectly in our environment and can be easily and securely operated by our customers. I'm very excited that we will be the first dispensary in Denver to use what we believe will be a revolutionary machine.”
New Online Marijuana Publication
This is just the latest news from the Tempe, Ariz.-based company. On Apr. 3, it launched American GreenZine, an online publication it’s designed to report on the legal-marijuana industry, from the grower and consumer’s perceptive.
According to Tranzbyte, the new online magazine will use real-time web activity of topical influencers to surface the best content on any subject. The American GreenZine publication is scheduled to begin operating Fri., Apr.
On Apr 18, ERBB’s share price closed at 6 cents, unchanged from closing price of the previous day, on volume of 200.8 million shares.