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