PALM BEACH, Florida, March 14, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
The expansionof 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
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.
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