The marijuana sector surged on Monday as Oil hit three-week lows and Greece shut its banks and imposed capital controls, causing widespread risk loathing. The dollar spiked against the euro to early June highs due to worries over the Greek crisis before retreating in the NY trading session for crude minimized the downside for oil. With all that said, these small cap stocks in the marijuana sector have begin to find more interest from investors.
FBEC Worldwide Inc (OTCMKTS:FBEC) announced on Monday that the company will be launching a new, hemp-based energy shot called the WolfShot Hemp Energy endorsed and branded by one of the marijuana industry’s most notable names, The Wolf of Weed Street. The WolfShot has a proprietary blend of herbal ingredients, which include probiotics, amino acids, caffeine, and natural fruit extracts. The Wolf of Weed Street states, “The WolfShot is based on two basic ideologies; there are specific demographics (probably living in Colorado) that could benefit, and the easy access to the hemp-based product energy shot.”
On Monday FBEC surged to highs over 40%. The stock opened at $0.0995 and moved to a new 52 week high of $0.14. Tuesday the company went “Pink Current” On OTCM Markets adding more transparency for investors and potential shareholders
Will FBEC become the Next Leader In The Marijuana Industry?
Pharmacyte Biotech Inc (OTCMKTS:PMCB) released news Monday morning that its technology and treatments will be featured on the Discovery Channel and ION Network on June 30th. The company’s CEO Kenneth L. Waggoner stated, “We have a great story, and when we were contacted by NewsWatch to present our technology and the targeted treatments we’re developing for cancer and diabetes to their nationwide audience, we jumped at the opportunity. Our mission is about helping people. We can think of no better way to connect with people than to have our compelling story air on the Discovery Channel and ION Network and potentially be seen by the 96 million households they reach in the U.S.”
From Friday’s close PMCB has seen a price spike of 30.18% from lows of $0.108 to highs of $0.138.
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MyEcheck Inc (OTCMKTS:MYEC) the leader in electronic check solutions for online and mobile payments announced on Monday that the company has uploaded its mobile commerce platform “e” to Apple app stores and Google for approval. The app enables businesses to accept real-time, guaranteed payments from their customers via mobile devices. Merchants pay only $0.25 per transaction or less with no other fees, no interchange or discount rates, saving businesses 2% to 5% of sales in payment processing and related costs. Due to Federal banking regulations it is still illegal for any bank to process any transaction with cannabis related companies. MyEcheck provides an alternative payment processing solution for companies in the marijuana space.