Cannabis Product Development Goes Mainstream as Focus Shifts Globally
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.
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 are 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 hundred dollars for recent and current 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.
Contact Information: Media Contact email: email@example.com +1-(561)-325-8757