Vapor Corp., (NASDAQ:VPCO) is making a highly explosive move off its base at $1 on massive volume as pot stock heat up in anticipation of Marijuana on the ballot in Florida next month. The move up comes after months of downward drift.
VPCO was up listed to the Nasdaq in May of this year at hit the senior exchange at over $7 per share. The current reversal off $1 comes just in time for VPCO which was in danger of failing to meet the minimum bid requirement.
Vapor Corp., (NASDAQ:VPCO) a publicly traded company, is a leading U.S. based electronic cigarette company, whose brands include Krave®, VaporX®, Hookah Stix®, Alternacig® and Fifty-One®. We also design and develop private label brands for some of our distribution customers. “Electronic cigarettes” or “e-cigarettes,” and “Vaporizers,” are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash or carbon monoxide.
Vapor sells its electronic cigarettes under several different brands, including under the Krave®, Fifty-One® (also known as Smoke 51), VaporX®, Hookah Stix®, Alternacig®, EZ Smoker®, Green Puffer®, Americig®, Fumaré™ and Smoke Star®. It also designs and develops private label brands for distribution customers. Vapor’s in-house engineering and graphic design teams work to provide aesthetically pleasing, technologically advanced affordable e-cigarette options.
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Vapor’s electronic cigarettes, vaporizers and accessories are available online, through direct response to our television advertisements and through retail locations throughout the United States. For more information on Vapor Corp. and its e-cigarette and vaporizer brands.
VPCO offers disposable electronic cigarettes in multiple sizes, puff counts, styles, flavors and nicotine strengths; rechargeable electronic cigarettes that use replaceable cartridges (also known as “atomizers or cartomizers”); and rechargeable vaporizers for use with either electronic cigarette solution (“e-liquid”) or dry herbs or leaf.
Disposable electronic cigarettes feature a one-piece construction that houses all the components and is utilized until the nicotine or nicotine free solution is depleted.
Rechargeable electronic cigarettes feature a rechargeable battery and replaceable cartridge (also known as a “atomizer or cartomizer”). The atomizers or cartomizers are changed when the solution is depleted from use.
Vaporizers feature a tank or chamber, a heating element and a battery. The vaporizer user fills the tank with e-liquid or the chamber with dry herb or leaf. The vaporizer battery can be recharged and the tank and chamber can be refilled.
On August 27 VPCO announced that the Company and International Vapor Group, Inc. and certain of its subsidiaries (“IVG”) have mutually terminated their previously announced asset purchase agreement entered into on May 14, 2014 and amended on July 25, 2014.
The Company and IVG mutually terminated the asset purchase agreement because the parties could not agree upon certain operational and financial matters pertaining to the post-closing integration of IVG’s business operations. There are no current disputes or disagreements between the Company and IVG and neither party is liable for any breakup fees or reimbursement of costs to the other party as a result of the termination of the asset purchase agreement.
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VPCO filings do like a big board stock with $3.5 million in the treasury and $20 million in revenues although the Company continues to lose significant $ due to high operating expenses.
Conclusion: VPCO is making a spectacular rise up after hitting a recent low of $1.02 on the Nasdaq stock exchange. This comes after months of downward drift since the stock was over $7 per share.
Once thing longs are betting on is the Cannabis sector getting even hotter as The Florida Right to Medical Marijuana initiative, Amendment 2 is on the November 4, 2014 ballot in the state of Florida as an initiated constitutional amendment. The measure, upon voter approval, would legalize medical marijuana in Florida.
VPCO is rising up and investors need to pay attention. This is a stock with a history of massive moves and many are betting it can do it again.
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Disclosure: we hold no position in VPCO either long or short and we have not been compensated for this article.