PALM BEACH, Florida, February 28, 2017 /PRNewswire/ --
As international demand continues to increase, the legal marijuana/cannabis industry companies are developing innovative and unique products for CBD oils and other cannabis applications, including advanced vape solutions to capitalize and push revenues higher. Performance in the markets lately have tested by recent suggestions of tougher restrictions for recreational uses forcing some companies to focus on operations on a more global scale. Recent developments in the industry of note include: Acology Inc. (OTC: ACOL), CannaSys, Inc. (OTC: MJTK), Mountain High Acquisitions Corp. (OTC: MYHI) and Hemp Inc. (OTC: HEMP).
Acology Inc. (OTC: ACOL) also closed up over 29% on Monday trading over 40 Million shares by the market close. Acology announced yesterday that it is in the process of finalizing the purchase of a 13,000-sq.ft. building in Southern California. Several planned production expansions, including the creation of a new Hydroponic Products Division, a Consumer Services Division, expanded studio, artwork and printing operations and new Vendor Connect Program are all in the works.
One of Acology flagship products is the Medtainer that is versatile in its design, being able to traverse numerous consumer needs on-the-go. Through the product's ability to embody both air-tite & grinding capabilities, we are able to transcend various markets and expand its everyday uses. Although originally engineered as a solution to break down medication for the needs of Pediatric and Geriatric patients.
And in other grinding equipment news and the direction of focusing on global operations: NewGen Concepts, Inc., formerly Vapor Group, Inc. (trading on the OTC markets under the symbol - VPOR), announced that Total Vapor Inc., its subsidiary and the worldwide distributor of Easy Grinder™, is negotiating a large order with a major distributor in the Netherlands with over 400 brick-and-mortar resellers.
Since the initial 20,000 unit March production run of Easy Grinder™ is sold out, equating to over $1,000,000 in gross revenues, the new order for Europe will be fulfilled from the second run scheduled for June. The second run, planned for over 20,000 units will probably also be sold out, meaning its gross revenues will exceed $1,000,000, positively impacting results of the July-September quarter. The Company believes that Easy Grinder™ is a significant driver of its 2017 revenues and profits and that its international demand will continue to escalate as it enters diverse geographical markets beyond Europe.Read this and more news for VPOR at: http://marketnewsupdates.com/news/vpor.html
In other cannabis market performance and or developments:
Mountain High Acquisitions Corp. (OTCQB: MYHI) closed up over 29% on Monday trading over 1.2 Million shares by the market close. Mountain High Acquisitions Corp. focuses on the commercial hemp and CBD products industries.
CannaSys, Inc. (OTC: MJTK) closed up slightly on Monday trading over 26 Million shares by the market close. CannaSys provides technology services for the cannabis industry. The company offers BumpUp Rewards, a membership rewards loyalty program designed for social media ties and electronic solutions.
Hemp Inc. (OTC: HEMP) closed up on Monday trading over 23 Million shares by the market close. "With the succession of states legalizing or on track for legalizing industrial hemp, the industrial hemp industry in America is rapidly reaching a tipping point," says Bruce Perlowin, CEO of Hemp, Inc. ( OTC PINK : HEMP ). For the past five days, Hemp, Inc. has reported on a series of states that are on track to legalizing industrial hemp -- Arizona, New Mexico, Alaska, South Dakota, and Wisconsin. Illinois joins that list today with hopes of providing additional crop opportunities for their farmers, a market for a new crop that would have an opportunity to grow.
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