VAPE HOLDINGS INC (OTCMKTS:VAPE) is moving up in a hurry as the pot stocks across the board heat up again as we go into the Christmas Holidays. Everyone remembers the spectacular run this one made earlier this year from pennies to over $40 a share.
VAPE said earlier this month that they had closed on a $500,000 investment with a single institutional accredited investor. The capital infusion will allow VAPE to accelerate its growth plans, including increased distribution for its HIVE Ceramics brand, introduction of its HIVE Glass products and launch of HIVE Supply.
VAPE is getting a lift after being mentioned in an article that said ”U.S. Legalized Cannabis Industry Estimated to be Worth Over $2 Billion in 2014 as Licensed Medical Marijuana Operators Grow Exponentially”
VAPE HOLDINGS INC (OTCMKTS:VAPE) sells a number of vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Woodland Hills, California.
VAPE has begun to book some decent revenues; back in April the Company announced that it has over $100,000 in sales of its proprietary HIVE Ceramic line since it began processing orders in early April. The Company also has back orders for over $250,000 in future sales as they await arrival of the ceramics from the Company’s manufacturing facility.
Back in September the Company added another line of products under the HIVE brand, HIVE GLASS, which is set to release on or before December 1, 2014. The HIVE GLASS line is precision made using state of the art manufacturing processes and techniques, and exclusively uses German Schott glass and fittings through all production phases.
After the $500,000 investment Kyle Tracey, VAPE CEO said ”We welcome a new institutional investor into our company and appreciate the confidence they have in our business strategy as demonstrated with their investment, We have specific plans for the capital that will continue to accelerate the sustained and increasing demand of our core business.”
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VAPE came to be on January 7 of this year after PeopleString Corp announced a 1:40 reverse stock split, name change and symbol change to VAPE Holdings Inc. The former Company developed technology, applications and tools for social-network marketers, then changed its business to a holding company operating in the legal cannabis sector.
In recent news VAPE introduced the ‘HIVE Supply’, a packaging and sourcing division of VAPE designed to serve as a competitively priced, comprehensive “one-stop shop” for all medical and recreational marijuana packaging necessities. HIVE Supply will operate in compliance with all federal laws and the laws of each individual state, beginning with California and expanding quickly to obtain significant market share in Colorado, Washington and Oregon as well.
As states begin to compete for industry-based tourism in anticipation of drastic changes in market appearance and increased importance in distinctive branding, HIVE Supply’s business plan focuses on providing much-needed support to legal cannabis businesses in regards to sourcing consumer products, brand management and marketing services.
Kyle Tracey, CEO of VAPE said at the time “I am very pleased by the early acceptance of the premium HIVE Ceramic line, especially because the majority of the purchases were made by the most informed buyers in the marketplace, those who know what is being sold nationwide, It’s evident from the overwhelming response at the Cannabis Cup this past weekend that the HIVE Ceramic line, which has now expanded to 14 designs, is becoming a popular choice for consumers.”
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Currently trading at a $6.7 million market valuation VAPE is heating up as the entire pot sector gets hot again just in time for the Christmas Holidays. Investors have been waiting for this one to reverse for a long time and they might have found it with the recent touchdown of $0.50. As pot stocks heat up VAPE is a stock to watch.
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Disclosure: we hold no position in VAPE either long or short and we have not been compensated for this article.