PALM BEACH, Florida, March 14, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
The expansion of product lines and enhanced product development are fueling rising revenues and overall growth in the swelling cannabis market despite recent ambiguous reports of direction of the federal impact on the legal marijuana market. Companies continuing to forge ahead include: CannaSys, Inc. (OTC: MJTK), Advantis Corp. (OTC: ADVT), Rocky Mountain High Brands, Inc. (OTC: RMHB), Acology Inc. (OTC: ACOL).
In product and increased production developments: NewGen Concepts, Inc., formerly Vapor Group, Inc. (trading on the OTC markets under the symbol - VPOR), announced today that because of the tremendous demand for Easy Grinder™, one of the largest distributors of CBD oil in the U.S. is negotiating for the distribution of Easy Grinder™ across the U.S. The agreement represents a major distribution leap for Easy Grinder™ since the CBD distributor sells to over 7,000 resellers and retail outlets, giving Easy Grinder™ a huge diverse retail presence. As a result, future production runs of Easy Grinder™ will significantly increase. The first two production runs of over 40,000 units (March and June) have already sold out, causing the company to accelerate production and delivery by opening its own manufacturing facility in China.
Retail and wholesale demand for Easy Grinder™ continues strong and is projected to represent a major impact on 2017 revenues and profits. Read this and more news for VPOR at: http://marketnewsupdates.com/news/vpor.html
In Monday's market performance and cannabis developments:
CannaSys, Inc. (OTC: MJTK) closed up over 20% on Monday trading over 25 million shares by the market close. CannaSys, Inc. provides technology services for the cannabis industry. The company offers BumpUp Rewards, a membership rewards loyalty program designed for social media ties and an electronic solution for providing gifts, points, and discounts to friends and family; and CannaLIMS, a laboratory management information system product.
Advantis Corp. (OTC: ADVT) closed up slightly on Monday trading 3 million shares by the market close. Advantis Corp CEO, Christopher Swartz, participated as a Premier Guest of Speedweed at the Cannabis Business Expo last week and showcased Advantis products in the Speedweed booth. Last week, Advantis debuted the Elixicure, Deltacure, and Hemperor's Club products on the Speedweed website. As sales surged of the products on their website, Swartz was participating in the Cannabis Business Expo as a Premiere Guest of industry leaders and Speedweed owners, AJ and Gene Gentile. "The event was a great success," Advantis CEO, Christopher Swartz said.
Rocky Mountain High Brands, Inc. (OTCQB: RMHB) closed up very slightly on Monday at $0.1051 trading over 1.9 million shares by the market close. Rocky Mountain High Brands, a fully reporting consumer goods company specializing in hemp-infused food and beverage products and naturally high alkaline water announced last week that it has entered into an agreement with L and H Resort Systems to acquire a former Catskill Mountain resort facility located on a natural spring. The company plans to repurpose the resort into a Bottling and Canning Plant for Rocky Mountain High Brands.
Acology Inc. (OTC: ACOL) closed up over 13% on Monday trading 31 million shares by the market close. Acology announced on Monday that international orders continue to rise and that North American orders have remained strong despite some ambiguity in the political landscape. In the wake of rising international acceptance of cannabis products Acology is now benefitting from marketing efforts which began 2 years ago, anticipating that the industry would expand, first in Europe and Great Britain and then to Asia and South America.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies is a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated ten thousand dollars for news coverage for Vapor Group, Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.