WWA Group, Inc. (OTCQB: WWAG) saw its share volume explode on May 12th with 40,204,128 shares exchanging hands, more than eighteen times the three month daily average of 2,172,668 shares.
WWA Group, a provider of cable television, high speed internet, and related services to rural U.S. communities, announced just last month that it intends to launch an internet streaming video channel that is to be dedicated solely to medical marijuana lifestyle issues and business opportunities.
"The current Medical Marijuana business rush, while incredibly robust right now, has really only just begun, and our Internet streaming video channel will be positioned to grow right along with what is expected to be long-term growth in two important, yet very different, market segments, video content to cable television and hand-helds, and Medical Marijuana-related businesses," said Tom Nix, WWAG's CEO. "We believe quality content on any platform attracts viewers and we intend to provide interesting and entertaining content centered around the many facets of Medical Marijuana's role in our society," Mr. Nix added.
WWAG closed at $.0122 on May 12th, 258.82% higher than its previous close of $.0034.
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MediFarm LLC Completes Filings For Medical Marijuana Licensing
Terra Tech Corp. (OTCQB: TRTC) saw its share volume dip on May 12th with 3,724,381 shares exchanging hands compared to its three month daily average of 5,347,270 shares.
Terra Tech Corp. saw its share price increase by 19.85% on May 12th. Just last week, MediFarm LLC, a subsidiary of Terra Tech Corp, completed filings for the special use permit process for medical marijuana licensing in unincorporated Clark County, Nevada. In addition, on April 22, 2014, MediFarm LLC filed requisite information with the Clark County Department of Business Licensing for four medical marijuana applications; two Dispensaries, one Cultivation Facility and one Production Facility.
"This initial process in Clark County was a tremendous undertaking for our team," explains Derek Peterson, CEO Terra Tech Corp. "As a byproduct of this process we are left with a great base to build our state level applications from. We feel well positioned to submit to the state in a timely manner should we make it through the county's review process. In addition we are focusing on other counties throughout the state."
TRTC closed at $.489 on May 12th, 19.85% higher than its previous close of $.408.
Income Statement For Latteno Food Corp. Shows Promise
Latteno Food Corp. (OTCPINK: LATF) saw its share volume sink on May 12th with 100,850,056 shares exchanging hands, significantly lower than its three month daily average of 224,466,925 shares.
Just last week LATF released its income statement from the first quarter of 2014 showing total revenues of $3,796,000.
In addition, just a couple weeks ago, the company also announced that, as the next step in its aggressive MMJ initiative, it has submitted formal Offer to Purchase a Denver Grow Warehouse valued at $500,000. It is anticipated that the closing will be within the next 30-60 days.
The acquisition of a Grow Warehouse represents and the formal Application for a Colorado OPC represents the Companies strategy of creating multiple revenue streams in each market it enters. Specific initiatives include the MMJ Delivery Service, MMJ Grower Warehouse facilities, MMJ Dispensaries and MMJ Evaluation Offices.
LATF closed at $.004 on May 12th, 14.29% higher than its previous close of $.0035.
Creative Edge Nutrition Purchases New 25 Acre Site
Creative Edge Nutrition, Inc. (OTCPINK: FITX) saw its share volume continue its downward trend on May 12th with 31,253,464 shares exchanging hands, significantly lower than its three month daily average of 59,008,774 shares.
Early this week Creative Edge Nutrition announced that its subsidiary CEN Biotech Inc. purchased a 25 acre site in Lakeshore, Ontario (approximately 1/4 mile from the main site). The site is nearly complete and the company will call for a pre-license inspection on it within a few weeks. This will also be a standalone fully functional facility; a smaller model of the company’s building one site one standalone model. It will be a cGMP/ USP 797 facility and have a similar workflow model to its main site. The company applied for the license to grow and sell marijuana and will be applying for the license to grow hemp on the site and conduct hemp trials.
"We purchased the site with the intentions of operating a research and development facility with respect to strain genetics, new grow techniques and bio-medical research," commented Bill Chaaban, President & CEO. "It has been our intention to not only grow and sell medical marijuana, but to be leaders in the forefront of medical marijuana research; In particular, to further identify treatment modalities for specific disease states based on strain selection. We intend to develop and own the intellectual property."
FITX closed the day at $.0836 on May 12th, 2.56% lower than its previous close of $.0858.
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