The marijuana industry just scored another penny stock now that Vaporin, Inc. (VAPO), an eCig marketer, has inked a deal with Terra Tech Corp. (TRTC) to sell their vaporizer products throughout their cannabis dispensary network in California, Colorado, Washington and Oregon. Shares of VAPO stock have all but been neglected since their run in late February when prices rose to as high as 0.22 before tapering off down to as low as 0.07. Now that their pegged to see some serious volume today, the premarket 0.108 ask might get slapped so silly that testing their record volume of just over 7,000,000 shares traded just might be plausible.
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VAPO Stock Quote
Market Cap: 12.56M
Last: 0.075 ▼ -0.004 (-5.06%)
Dollar Volume: $?
14-Day RSI: 38.44%
1st Resistance Point: 0.0783
1st Support Level: 0.0733
52Wk High: 0.32
52Wk Low: 0.04
Vaporin popped onto the OTC eCig scene just as all the marijuana related stocks were peaking a little more than 2 months ago. The formerly named Valor Gold Corp. (VGLD) had a pitiful run in 2012 when it was being pumped by the “Chicago Financial Times” and how Billionaire Dr. Robert Frost was into them big just minutes after the Russian backed Felafel Corp. (FLAL) abolished their existence to become one of Latvia’s most popular fast-food outlets.
Carrying with them the baggage of the poor performing VGLD stock pump, Vaporin’s VAPO hit the ground running due to the fact that, in late February and into early March, the kings of the marijuana eCig sector, mCig Inc. (MCIG) were eclipsing on their test towards $1 and allowing for traders who bought before January 1 to book gains upwards of 800%. It actually all started on February 10 when Vaporin made it known that they had established multiple product lines including electronic cigarettes, vaporizers and e-liquids with a multi-pronged distribution model.
They weren’t lying about their product line apparently since the Q filing for the 3 months ended March 31, 2014 shows that Vaoprin booked revenues of $182,793 which cost them only $115,464 to produce. However, the $67,329 gross margin from sales for the 3 months was barely enough to cover the $30,750 worth of professional fees incurred during the period, let alone the other $793,471 worth of expenses.
Regardless of how unprofitable Q1 was and what VAPO stock did since it’s arrival on the OTC in February, today marks a new beginning, especially since the news announcement is also linked to the Terra Tech Corp. news feed. As popular as TRTC stock has been over the course of the last few weeks, it would be virtually impossible for some of that attention not to trickle over to VAPO and cause it to run to the low teens before lunch today.
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About VAPO Stock
Vaporin, Inc. is a development stage company in the business of distributing and marketing of electronic cigarettes, vaporizers, e-liquids, e-hookahs and related products.
Last 5 Trading Sessions:
Marijuana and eCig related penny stocks have lost the luster they had when all the college students around the U.S. were opting to stay indoors and trade them rather than chase after the opposite sex on a beach somewhere in Florida. Be that as it may, the traders that are still hunting for the next 10-bagger are sure to be focused on VAPO stock early on today and for a very good reason based on the news linkage with TRTC.