Vapor Group, Inc. (OTCQB: VPOR) saw its share volume dip on May 14th with 4,120,597 shares exchanging hands, significantly lower than its three month daily share volume of 17,487,719 shares.
Vapor Group announced that its subsidiary, American Vaporizer, in the next few weeks will start test marketing an e-liquid for vaping containing CBD (cannabidiol) oil.
Bill Fisher, CEO of American Vaporizer, stated, "The numerous medicinal benefits of CBD oil have been well known for some time and seem to be increasing steadily as more and more research is done on the substance. Yet the use of CBD oil has been controversial since it can be derived from either hemp or marijuana, causing concern about the legalities of its manufacture, distribution and purchase. That said, the CBD oil to be used in our e-liquid is 100% derived from hemp as a natural constituent, and is therefore a legal in all 50 states where numerous other hemp derived products are sold legally every day.
VPOR closed at $.1092 on May 14th, 7.9% higher than its previous close of $.1012.
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Vape Holdings, Inc. Sees Dip In Share Volume
Vape Holdings, Inc. (OTCQB: VAPE) saw its share volume dip on May 14th with 133,412 shares exchanging hands, significantly lower than its three month daily average volume of 308,197 shares.
With no recent news, let’s focus on what we do know about the company:
Vape Holdings focuses on designing, marketing, and distributing various vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America and Europe. It intends to offer a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Woodland Hills, California.
VAPE closed at $3.13 on May 14th, 7.12% lower than its previous close of $3.37.
VitaCig, An mCig Company, Announces Best In Class Testing Within VitaCig Manufacturing Process
mCig, Inc. (OTCQB: MCIG) saw its share volume continue its downward trend on May 14th with 863,433 shares exchanging hands, significantly lower than its three month daily average volume of 4,829,931 shares.
This comes after VitaCig, Inc., a mCig, Inc. company, announced that it has initiated the implementation of best-in class testing, quality control, and chain of custody standards within the VitaCig manufacturing process.
"Long before any FDA Proposals, our team was initiating a plan for the implementation of standards for independent testing and chain of custody for all VitaCig products. We view VitaCig not as an electronic cigarette but as a medical delivery device. That is why we must ensure that every ingredient found within the VitaCig can be properly accounted for and independently tested for potential hazardous compounds. Independent testing also provides the added benefit of testing our vitamins and phytonutrients for potency and efficacy." Said Paul Rosenberg, CEO of mCig, Inc.
"With the implementation of these standards, we are truly setting the bar in the industry and positioning VitaCig to be distributed on a national scale not only in conventional distribution points but higher value distribution points that require nutritional values, chain of custody, and quality control as part of inventory inclusion." Said Mark Linkhorst, CEO of VitaCig, Inc.
MCIG closed at $.42 on May 14th, 1.2% higher than its previous close of $.415.
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