ML Capital Group Inc (OTCBB:MLCG) continues to trade strong on lighter volume. The one recently saw a run to highs over half a penny but is off significant from the highs now. The stock had been in a downward drift for months before the recent reversal. MLCG ran from $0.03 range to highs of $0.185 in the first few months of this year when Cannabis heated up. The sector was momentarily squashed when the SEC halted CANN in March.
ML Capital Group Inc (OTCBB:MLCG) primary business consists of producing products and providing services that support the medical marijuana industry and that enhance the lives of the patients that have turned to medical marijuana/cannabis to manage their various ailments.
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The Company is currently producing and marketing its products and services under the SuperStar Products(R) brand name, including vapor pens, mobile applications, and books. The focus of the Company is to sell products and services that do not include the growing, manufacture, or distribution of medical marijuana, cannabis, or cannabis by-products. This places the ML Capital Group, Inc. as one of the safest types of companies to invest in within the entire medical marijuana industry.
Back on October 24 MLCG announced it will be an exhibitor at the upcoming first annual Vapor Dynasty Expo in Phoenix, Arizona from October 24 through October 26, 2014. Over 150 exhibitors from all over the world are expected to present at this widely anticipated event. The event is also referred to as the “Electronic Cigarette Expo”.
ML Capital Group CEO Lisa Nelson stated, “We look forward to this wonderful opportunity to further market and expose our products. We expect to incur new orders for product, add resellers, and create new relationships with stores that will offer our branded offerings.”
The news was followed up with an announcement from MLCG that it started to add sales representatives in Europe. One of its reps based in Oslo, Norway has begun to sell products in that country, and additional sales are anticipated in Helsinki and Copenhagen in the next few weeks.
ML Capital Group CEO Lisa Nelson stated, “Based on our research, the market for electronic smoking devices and accessories in Europe in huge. We have already established channels and representatives to sell our product overseas, and believe this expansion of our reach will take us to a whole new level.”
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Conclusion: MLCG has seen a recent explosion in price and volume in sub penny land. The move up comes after the stock hit a recent low of $0.0013 after months of downward drift reversed when the Marijuana sector started heating up.
Pot stocks have heated up as Marijuana was legalized in Alaska, Oregon and Washington D.C. MLCG is sure to continue to benefit and looks to be under accumulation as investors snap up shares. Not surprising considering MLCG exploded 500% the last time post stocks ran. MLCG is one pot stock that deserves to be on investors radar here.
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Disclosure: we hold no position in MLCG either long or short and we have not been compensated for this article.