MediJane Holdings Inc. (OTCQB: MJMD) saw its share volume soar on May 15th with 512,732 shares exchanging hands, more then five times higher than its three month daily average volume of 90,662 shares.
This uptick in volume comes after MediJane Holdings announced that it has completed a distribution agreement with GoKush.com
GoKush (www.gokush.com) is part of a not-for-profit California Cooperative Corporation that is dedicated to providing safe and legal access to medical marijuana for patients throughout California. A medical marijuana fulfillment and delivery service, GoKush.com provides private, professional, knowledgeable, and compassionate access medical marijuana to its customers. GoKush is a members only collective comprised solely of members who are valid, legal medical marijuana patients.
"As MediJane Holdings continues implementing its California growth strategy, scalable infrastructure and effective implementation is vital. We believe GoKush.com is a highly reliable fulfillment platform for retail medical dispensaries to ensure consistency, availability, and legal access to the Company's products. Through GoKush.com we can provide both customer direct and dispensary fulfillment services," stated Ron Lusk, CEO of Medi-Jane.
MJMD closed at $1.08 on May 15th, 20% higher than its previous close of $.90.
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Vega Biofuels Inc. Announced Acquisition of Legal Hemp and Marijuana Division of Biochar Now, LLC
Vega Biofuels, Inc. (OTCPINK: VGPR) saw its share volume dip on May 15th with 46,134,464 shares exchanging hands, lower than its three month daily average volume of 74,449,540 shares.
This comes after Vega Biofuels announced that it is in the process of acquiring one hundred percent of a six year old Colorado export business that will become the Company's international export arm to meet the tremendous demand for its biochar product in Latin America.
Vega recently announced it has acquired the Legal Hemp and Marijuana Division of Colorado based Biochar Now, LLC. In addition to having an exclusive agreement for marketing its biochar product to the Legal Hemp and Marijuana markets, the Company also stated it is actively marketing to various other agricultural industries. In order to accommodate current orders, the Company is acquiring the existing export business that specializes in Latin American markets.
"This is a major step for our Company," stated Michael K. Molen, Chairman/CEO of Vega Biofuels. "Once orders started coming in from Latin America, we felt that it was critical to our long term business strategy to involve individuals that specialize in doing business in that part of the world. The largest order to date is coming from Ecuador. The amount of biochar that will be shipped to that country is greater than the entire amount of product that we have sold so far. We are continuing to receive a lot of attention from hemp and marijuana growers in Colorado as well as Washington. "
VGPR closed at $.0091 on May 15th, 9% lower than its previous close of $.01.
Fusion Pharm Inc. Reports First Quarter Financials For 2014
Fusion Pharm, Inc. (OTCPINK: FSPM) saw its share volume shrink on May 15th with 122,327 shares exchanging hands, more than half of its three month daily average volume of 288,887 shares.
FusionPharm announced that the Company generated $305,000 of revenue for the first quarter of 2014. During the quarter, the Company manufactured 24 PharmPods for customer orders, representing its largest quarter to date in manufacturing. The Company had a net loss of $47,795 for the quarter, primarily attributable to the start up nature of its business and the scaling of the Company's operations. The Company is actively working to streamline its purchasing and manufacturing processes to improve margins. At the end of the quarter, the Company had $482,000 in signed contracts providing for construction of 20 PharmPod containers, $314,000 of which has been received in deposits. As of quarter end, the Company had $674,000 in the bank to fund ongoing operations.
FSPM closed at $2.89 on May 15th, 19.92% higher than its previous close of $2.41.
Icon Media Holdings Inc. Sees Share Volume Skyrocket
Icon Media Holdings, Inc. (OTCPINK: ICNM) saw its share volume skyrocket on May 15th with 40,550,044 shares exchanging hands, eleven times higher than its three month daily average volume of 3,561,042 shares.
This surge in volume comes after Icon Media Holdings announced its new online direction in the wholesale/retail multi-billion dollar marijuana space, which will be supported by its current order fulfillment operations located at its 9,000 square foot warehouse facility.
"Our unique entry into the bourgeoning legal marijuana industry will, in my view, significantly impact our efforts in expanding ICNM's established online footprint, driving revenues well beyond last year's $1.2 million and achieving greater operating efficiencies at our Raleigh warehouse," said ICNM's new President/COO, Jerry Brown. "This is a terrific way to start our pursuit of market share in new high-growth markets, and we look forward to announcing our future progress," Mr. Brown concluded.
ICNM closed at $.0042, 70.21% down from its previous close of $.0141.
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