Stocks To Watch On Wednesday 12/17 (OTCBB:NHLE) (OTCMKTS:ECIG) (OTCMKTS:VPOR)
Vaporizers are quickly becoming the new “draw” in the smokeless tobacco and medical/recreational marijuana industries. Domestically, the combined electronic vaporizer market is now estimated at $2.5 billion and growing. This booming sector has been compared to that of the early ‘90’s coffee shop crazy that saw small “startups” like Starbuck’s grow from the confines of a fragmented industry made up of small coffee houses and blossom into the multi-billion dollar market leader we know today. After companies like Altria and Reynold’s may have missed the mark on the overwhelming popularity that vaporizers now hold over stand-alone e-cigarettes, it has been this fragmented industry of vape companies, which has captivated the investing public.
Electronic Cigarettes International Group, Ltd. (OTCMKTS:ECIG) announced on Monday that its subsidiary, VIP®, opened its first dedicated ‘Blending Boutique’ located in East London, which is actually the first of its kind in the UK. The shop allows customers to blend their own e-liquid flavor and even offers an on-hand expert mixologist to help during the process. To the surprise of traders, the Monday session took an unexpected turn with the stock plummeting over 50% during the trading day to settle out at $0.0581.
However, as many other vape companies saw on Tuesday, the increased attention on the sector hit a fever pitch and (OTCMKTS:ECIG) shares jumped to highs of $0.117 before settling out the day at $0.1105. This marked a massive rebound in the stock by more than 100% during the 2-day swing. Though (OTCMKTS:ECIG) is still trading near its 52-week low, the stock has seen an increase in daily liquidity and may be starting to finally see some “light at the end of the tunnel” heading into Wednesday morning.
Vapor Group, Inc. (OTCMKTS:VPOR) recently launched its private label program for dispensaries in Colorado. Vapor Group will begin to distribute and roll out its proprietary line of vaporizers, which will be sold across the state. Dror Svorai, President and CEO, said, “This program will add to our overall growth and further enhance our results in the years ahead.”
Since making the announcement, it has taken some time for the markets to react after seeing static price movement Friday and Monday. Yesterday’s market session saw heavy volume come into the market and (OTCMKTS:VPOR) shares jumped 37.93% from the previous closing price on Monday afternoon.
NHale, Inc. (OTCBB:NHLE) has been going through a face-lift of sorts over the last few months. Originally started as a vaporizer company, NHale has quickly begun to realize how fragmented the marijuana industry is, overall. The company has taken a more active role through an acquisition strategy, which has lead it to pursue additional financing efforts in order to successfully move forward with this new model. Tuesday the company announced that it has executed a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group which focuses on strategic investment of medical marijuana and companies that have a hand in the growing cannabis industry. These proceeds will be used to move forward in fulfilling the vision of acquiring and vertically integrating revenue-generating businesses operating within the marijuana industry.
NHale has seen prices as high as $0.84 over the last 6 months with recent trading finding the stock moving sideways between $0.50-$0.60. Since many marijuana stocks consolidated in price during mid-October, NHale managed to rally back more than 70%.
As more attention surrounds vapor alternatives and new legislation is pursued by additional states, we could see another boom for this new and growing industry. The benefit in the vape space is that it is not only limited to recreational or medical marijuana states but it also has applications for traditional tobacco and non-nicotine alternatives (which are legal in all 50 states). Even though the traditional cigarette industry is generating hundreds of billions each year, there are many financial sources, including Forbes, projecting that ecigs and vaporizers will surpass traditional cigarettes in sales volume by as early as 2047; obvious cause for attention from early investors.
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