Medindia

X

Steadily Rising Demand in Cannabis Product Market Fueling Rapid Growth for Cannabis Stocks

Wednesday, March 8, 2017 Drug News J E 4
Advertisement

PALM BEACH, Florida, March 8, 2017 /PRNewswire/ --

Demand for cannabis products continue to accelerate at a high rate as the overall market grows and so does the demand for various products & services while companies are seeing an increase in revenue opportunities as a result. Companies in the cannabis/legal marijuana industry with recent market performance of note and developments include: Acology Inc. (OTC: ACOL), UbiquiTECH Software Corp. (OTC: UBQU), GreenGro Technologies, Inc. (OTC: GRNH), ADVANTIS CORPORATION (OTC: ADVT).

In cannabis product announcements and developments: 

Acology Inc. (OTC: ACOL) closed down slightly on Tuesday trading 5.3 Million shares by the market close. Acology engages in designing, manufacturing, branding, and selling plastic medical grade containers in the United States. The company offers Medtainer containers that store herbs and herbal remedies, medicines, coffee and tea, wine and liquor, foods, and other solid and liquid. Medtainer is versatile in its design, being able to traverse numerous consumer needs on the go through the product's ability to embody both air-tight & grinding capabilities.

Another emerging company in grinding equipment product industry, NewGen Concepts, Inc., formerly Vapor Group, Inc. (trading on the OTC markets under the symbol - VPOR) announced today that because of tremendous demand for Easy Grinder™, to accelerate its production and delivery that it is investing in its own manufacturing facility in China. Since the first two Easy Grinder™ production runs of over 40,000 units (March and June) are essentially sold out, and demand is continuing to grow daily both domestically and multi-nationally, the Company has decided that it is vital to 2017 revenues and profits to expand its overall focus on Easy Grinder™ even further. As a result, the Company's Chief Operating Officer is already en route to China to finalize the negotiation and opening of a manufacturing facility solely for Easy Grinder™ production and export. Read this and more news for VPOR at http://marketnewsupdates.com/news/vpor.html

VPOR also recently reported that, since the Company launched its Easy Grinder™ marketing campaign last month, the number of unique visitors to http://www.vaporgroup.com and http://www.easygrinder.com has grown to exceed 450,000, within the last 10 days. Moreover, day-over-day, the average number of unique visitors to the Company's websites continues to surge, as demand specific to Easy Grinder™ grows daily. Web analytics also show that, a large number of visitors to the Company's websites are also clicking through each site's tabs to learn more, spending more time on each site, and returning as repeat visitors.

In other industry news and developments of note: 

UbiquiTECH Software Corp. (OTC: UBQU) closed up over 19% on Tuesday trading over 10.8 Million shares by the market close. UbiquiTECH Software, through its operating subsidiary HempLife Today™, announced yesterday their first quarter revenue guidance. The company anticipates that revenues for the quarter ended February 28, 2017 will increase over 50% from $697,640 in the first quarter of last year to approximately $1,050,000. The revenue growth is due primarily to the continued acceptance and increased exposure of the HempLife Today™ product line.

GreenGro Technologies, Inc. (OTC: GRNH) closed up slightly on Tuesday trading over 2.6 Million shares by the market close. GreenGro Technologies announced last week that the company signed a 40-year lease to develop a 4.5-acre property as part of a Cannabis Ventures Inc. (a subsidiary of Gala Global Inc. (GLAG)), cultivation franchise in Adelanto, Calif., a San Bernardino County community with commercial regulations for large-scale cannabis growing and harvesting.

ADVANTIS CORPORATION (OTC: ADVT) closed up over 27% on Tuesday trading over 15.4 Million shares by the market close. Advantis announced that it has received the first orders for Hemperor's Club, Elixicure and Deltacure products from California's largest medical marijuana delivery service, Speedweed. The delivery service has asked Advantis to participate as a Premiere Guest of Speedweed at the Cannabis Business Expo this week.

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 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: info@marketnewsupdates.com +1(561)325-8757

SOURCE Marketnewsupdates.com

Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Strong Technical Interface Making Cannabis Industr...
S
Headaches of Hospital Leaders Validate Need for He...