Vapor Brands Int’l Inc. (OTCMKTS:VAPR) Clings to the Gains
Vapor Brands Int’l Inc. (OTCMKTS:VAPR) so far managed to cling to its gains, despite the mid-week setback. VAPR added nearly 21% on Thursday, reaching $0.26, though the buying volumes of $433,000 were just a faction of the record buying at the beginning of the week.
We have not intercepted a promotion for this ticker, though it is highly active with press releases promising to make the company a successful addition to the medical cannabis sector. The latest development includes a partnership with Marijuana, Inc., a subsidiary of Hemp, Inc., to create a series of vaporizer products for medical use. So far, the business is in the stage of a letter of understanding.
VAPR also has a series of conventional nicotine electronic cigarettes, but this has brought little results, compared to older and better-developed e-cigarette producers:
- cash: $10 thousand
- current assets: $26 thousand
- current liabilities: $217 thousand
- quarterly revenues: $326
- accumulated deficit: $5.7 million
Still, VAPR is more active than many companies. For now, few of the pot stocks have shown how exactly the liberalization of marijuana will translate into the bottom line, so VAPR is still under question.
In a similar price range and mode of business, we also find mCig, Inc. (OTCBB:MCIG), which made a much more gradual run toward 30 cents. The ticker doubled in price in January, though the days in the red came in a bit more often.
At the same time, the conventional Vapor, Corp. (OTCMKTS:VPCO) is getting shakier after the split, sinking efen under the $8 range. VPCO was expecting a successful run in 2014, but was displaced by the boom im pot stocks, which redirected buying. Still, the company may hold more longer-term promise than most newcomers in the marijuana business, appearing every day to grab investors’ attention.
It is still early to say which cannabis tickers will sink or swim, and which companies will produce viable results. For now, it is a fight for attention, whether through PR, promotions or the occasional mainstream media mention. If you like the promise of VAPR, be aware that the ticker is not immune to wiping out value, so plan the size and timing of your ivnestment accordingly.