NEW YORK, January 27, 2017 /PRNewswire/ --
http://www.Financialbuzz.com - Because of the United States tax code, the situation in recent years made small cap companies the biggest taxpayers. Some expect this situation to change with the new administration. Lori Calvasina, chief U.S. equity strategist at Credit Suisse explained, "The effective tax rate for the Russell 2000 is 32 percent, and the S&P 500 we calculate at 26 percent. There's three reasons they rallied so hard - valuation, the domestic exposure and the corporate tax rate," CNBC reported. Solar Integrated Roofing Corporation (OTC: SIRC), Eco Science Solutions Inc. (OTC: ESSI), Cannabis Science Inc. (OTC: CBIS), Rocky Mountain High Brands Inc. (OTC: RMHB), MCig Inc. (OTCQB: MCIG)
The new administration proposed cutting corporate taxes to 15 percent from 35 percent. Assuming the end result is cutting to 25 percent, most companies will still benefit from it, said Lori Calvasina. Jefferies equity strategist Steve DeSanctis commented on the same topic, "If tax rates are reduced to 22 percent, we see a significant boost to earnings (that lowers) the P/E to 16.2X, which is still above the average. However, using a 15 percent tax rate, we see that earnings jump to $88.71 and the P/E falls below 15X,"
Solar Integrated Roofing Corporation (OTC: SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. January 25th the company announced it has signed a Letter-of-Intent to acquire a unique specialty subcontracting firm, headquartered in Agoura Hills, California.
Solar Integrated Roofing Corporation CEO Dave Massey said in a statement, "We're excited to move forward with this acquisition and propel our continued growth curve with this expansion into the affluent Los Angeles basin. We firmly believe we can double their revenues in 2017 to $4 million, by adding our solar expertise and marketing, as well as increasing the company's custom homebuilder client base."
Solar Integrated Roofing said in a press release that, "specializing in the exterior work on new custom homes and estates, the firm has performed work for many "A-List" luminaries and celebrities, such as Magic Johnson, Cher, Ben Stiller, Dwight Yoakum and Kelsey Grammer. The company's range of services include all manner of waterproofing, custom sheet metal, all types of siding, roofing and exterior carpentry."
Eco Science Solutions Inc. (OTC: ESSI) is a technology-focused Company that targets primarily the health and wellness industry. From enterprise software solutions, to consumer apps for daily use, the Company develops technical solutions that empower enthusiasts in their pursuit and enjoyment of building eco-friendly businesses and living healthy lifestyles. Eco Science's core services span business location, localized communications between consumers and business operators, social networking, educational content, e-commerce, and delivery. The Company's e-commerce platform allows health-and-wellness enthusiasts to easily locate, access, and connect with health-and-wellness businesses and like-minded enthusiasts, and to facilitate the research of and purchasing of eco-friendly products.
U.S. company specializing in the development of cannabis-based medicines, Cannabis Science Inc. (OTC: CBIS) had recently sold out of its Metered Dose Inhalers in an initial test market run in the California. Cannabis Science's CEO, Mr. Raymond C. Dabney, stated, "We did not expect demand for our Inhaler to increase so rapidly. While it was not a particularly large initial test batch, there were certainly enough indicators in the pilot program that point to a great success considering the application and target market. Consequently, we have substantially increased production with our current manufacturer and are identifying and implementing key manufacturing and distribution expansions to ensure we meet the growing demand for the CBIS MDI Inhaler."
Rocky Mountain High Brands Inc. (OTCQB: RMHB) develops, manufactures, markets, and distributes hemp-infused food and beverage products. The company offers hemp-infused beverages, including energy drinks, black tea, and lemonade; hemp-infused edibles, such as energy bars; and hemp-infused energy shots and coffee shots. It is also developing wine based ready-to-drink cocktails; cannabinoid infused beverages; hemp protein bars and hemp chia seed bars; and hemp infused natural spring water. The company markets its products through brokers, distributors, and retailers.
MCig Inc. (OTCQB: MCIG) operates as a cannabis cultivation construction company in the United States. The company serves the legal cannabis, hemp, and cannabidiol markets via its lifestyle brands. It designs, develops, engineers, and constructs modular buildings with unique and proprietary elements that assist cannabis growers in the market. The company also distributes and sells electronic cigarettes, vaporizers, and Rollies marijuana cigarettes. In addition, it offers electronic cigarettes and related products through its online store, as well as through the company's wholesale, distributor, and retail programs.
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