Yet another penny-stock company has heard the siren sound of cannabis and has decided to reinvent itself from an alternative energy company into a green-energy company that's also in the medical-marijuana business.
In a Feb. 3, 2014 release, U.S. Energy Initiatives Corp. Inc. (OTC Pink: USEI) said that it decided to enter the medical-marijuana and hemp industries to capitalize on opportunities and relationships it has in the sector. The Santa Clarita, Calif.-based alternative energy company added that it has already begun forming a subsidiary called USEI Cannabis Initiatives Corp.
"We have extensive relationships with legal growers, dispensaries, product developers, marketers, patent holders and other professionals in this industry; and we believe that it is necessary that we develop these relationships and opportunities," said U.S. Energy Initiatives' CEO Anthony Miller said, in a written statement.
Miller then went on to say the potential of the legal-marijuana market was just too big of an opportunity to pass up. "Our goal is strategically plan to make our Cannabis subsidiary as a very lucrative division of USEI and develop our own proprietary products and services," Miller added.
Won't Abandon Biodiesel
Miller also assured stockholders that the company was not abandoning its core biodiesel business because Hemp too is an integral part of its business. "Hemp is the legally grown, non-intoxicating cousin of the marijuana species and it is an excellent feed-stock for producing biodiesel," Miller said.
It remains to be seen if adding medical marijuana to its portfolio will strengthen U.S. Energy Initiatives bottom line. For now, the company is just one of a myriad of penny stocks that are seeing gold from legal marijuana.
On Feb. 3, shares of USEI closed at 0.0062 cents, down 0.0053 cents from 0.0009, the previous day's close. USEI share volume soared with 417,859,363 shares changing hands, more than 32 times its average three-month volume of 12,891,330 shares.
Find out what could be the best investor's move when it comes to GFOX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
Nascent Industry
In the nascent legal marijuana market, it's easy to mistake perception for reality, visions for real-world strategies and enthusiasm for a product for real demand. Yet, some of these penny stocks will surely become winners, while the majority probably won't.
If hype was reality then the following company would be rich:
Plandai Biotechnology (OTCQB: PLPL) stock volume continued to soar as one of the most active penny stocks on Feb. 3, with 10,609,147 changing hands, more than 18 times its three-month average volume of 566,144 shares.
The sustained flurry of activity appears to be triggered in part by the Seattle and Australian-based company, which produces proprietary botanical extracts, recent entry into the legal marijuana business. In fact, on Jan. 30, Plandai announced that it had entered into an agreement with Diego Pellicer and Diego Pellicer Worldwide to brand its Phytofare(TM) Cannabis extracts.
The release when on to tout Diego Pellicer, saying that it has been the leading name in cannabis products for more than 100 years.
"Being able to sell the Plandai cannabinoid extracts under the Diego Pellicer name brings immediate name recognition and branding into the medicinal cannabis industry," Plandai CEO Roger Baylis-Duffield said, in a written statement
Maximum Media Hype
The media showed up in large numbers at a Seattle press conference where marijuana entrepreneur and Diego Pellicer co-founder Jamen Shively announced he would be creating the first retail brand of marijuana in the United States.
Shively, a former Microsoft executive, was flanked by the former president of Mexico, Vicente Fox as he presented his plans to capture 40 percent of the worldwide marijuana market and answered a host of questions from the media.
Whether all the hype will translate into solid revenue remains to be seen.
On Feb. 3, shares of PLPL closed at $2.02, down 39 cents from $2.41, the previous day's close.
Find out what could be the best investor's move when it comes to GFOX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
To date, one practical product that has real potential for the legal-marijuana market is the vaporizer.
Hemp Inc. (OTCPINK: HEMP) is a Las Vegas-based company that is developing a variety of products made from industrial hemp. They include fabric, paper, insulation, plastics, cooking oil and even salad dressings. In addition, it is developing vaporizers.
Developing Vaporizer Products
On Jan. 28, VaporBrands International, Inc. (OTC Pink: VAPR) announced it has entered into a Letter of Intent to form a joint venture with Marijuana, Inc., a wholly owned subsidiary of Hemp.
Under terms of the proposed joint venture, Marijuana, Inc. will assist VaporBrands with the development and distribution of specialized marijuana vaporizing products to be sold primarily through existing medical marijuana dispensary networks.
In addition, VaporBrands and Marijuana, Inc. have agreed to research, develop and distribute vaporizer products specifically for the use of Hemp Oil in natural medicine. Marijuana, Inc. has also agreed to assist VaporBrands in expanding the retail distribution of its current and future electronic nicotine based cigarette products.
Strong Move
This latest move by HEMP through its subsidiary certainly strengthens its position in the marketplace. It also filled a much needed gap in its vertical offerings. While it's too soon to measure how this will affect HEMP’s overall revenue, it is a positive move.
Feb. 3, HEMP closed at 17 cents, up 8 cents from yesterday's close of 9 cents.
Find out what could be the best investor's move when it comes to HEMP by getting the complete report here, or by cutting and pasting the following link in your Web browser:
http://www.sixfigurestockpicks.com/
ABOUT US:
Sixfigurestockpicks.com issues momentum alerts on stocks that can provide gains to day traders.
Source: Accesswire IA (February 4, 2014 - 8:50 AM EST)
News by QuoteMedia
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
