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Tuesday, November 29, 2022

Stock to Watch: Rapid Fire Marketing Inc (OTCMKTS:RFMK)

Rapid Fire Marketing Inc (OTCMKTS:RFMK) continues to trade just over its 52 week lows. The stock popped last month after the Company announced that the Chinese manufacturer is ready for a full production run after an expected two week survey period.

Tom Allinder, CEO of RFMK said, “Aside from this update regarding the PocketPuffer®, we are pleased to report that progress has been made on our previously announced acquisition/merger initiatives. We expect to be able to announce specifics in the near future.”

Rapid Fire Marketing Inc (OTCMKTS:RFMK is a developer and reseller of herbal vaporizers. The core strategy is to maximize revenues in the rapidly expanding medical cannabis and vaporizer industries. Rapid Fire Marketing also looks to invest and do joint ventures with companies in the vaporizer and medical cannabis industries as well as working with other companies with established revenue streams that are looking to grow their businesses. Rapid Fire Marketing is also looking to grow through acquisitions of companies or technologies that are synergistic with our business plan.

On October 21 RFMK announced that the Company’s manufacturer in China has provided a timeline for the delivery of the PocketPuffer® Dry Herb Vaporizer with the first units expected to arrive in the U.S. in about two weeks. This limited production run of this product is for the drawing winners for testing and evaluation of the unit. After an expected two week survey period, a full production run will begin immediately.

Tom Allinder, CEO of Rapid Fire Marketing, said, “Aside from this update regarding the PocketPuffer®, we are pleased to report that progress has been made on our previously announced acquisition/merger initiatives. We expect to be able to announce specifics in the near future.”

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The Company’s products include the CANNAcig Vapor Inhaler, the smallest and most discreet of the vapor inhalers on the market today. The unit is manufactured by Rapid Fire Marketing and their production partners. The CANNAcig is unique not only because of its small size but also in the fact that the unit does not get hot to the touch which is an issue seen in many vapor inhalers, does not leak and is clean and not messy to use.

The CANNAcig Vapor Inhaler is discreet and elegant. It’s all black with a red lighted tip, and would fit in any social situation. It’s also very easy to fill and use. The oil cartridge is small and simple, there are no long tubes to fill, there are no special tools needed, there are also no buttons to hold, so it makes it easy for elderly or impaired patients to operate.

RFMK has made a big name for itself in the pot sector led by Tom Allinder with Cheryl Shuman AKA the Martha Stewart of Marijuana as the Company’s celebrity spokesperson. She recently met with Tommy Chong who endorsed RFMK products.

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Conclusion: RFMK made a big move up last month as the entire Marijuana sector heated up as pot was legalized in Alaska, Oregon and Washington. The entire industry is set to get serious media attention which could greatly benefit RFMK. The last time pot stocks heated up RFMK led the fold running 10,000% and investors are hoping it can do it again.

Currently trading at a $6 million market valuation RFMK has developed the loyal type of following that can blow these pennies skyward. The stock has made a significant reversal in recent trading and looks to be under heavy accumulation here. If pot stocks heat up again and everything says they will then RFMK might just provide a spectacular trade opportunity in the coming weeks and months ahead.

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Disclosure: we hold no position in RFMK either long or short and we have not been compensated for this article.

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