Penny Stocks

Investors Wait Anxiously For Fed Meeting As These Penny Stocks Turn up the Heat; Progressive Care Inc (RXMD), mCig Inc (MCIG) and HIGH PERFORMANCE (TBEV)

U.S. stocks dropped in morning trading on Monday as investors wait anxiously for the Federal Reserve’s interest rate meeting this week even as worries of halting growth in China continue to shake up global markets. Stocks are projected to stay volatile in the run- up to the policy meeting on Wednesday and Thursday, when the Fed is predicted to make a decision on its first interest rate hike since 2006. “The uncertainty is so high in regard to the announcement … it leaves investors a little bit paralyzed relative to what to do in anticipation thereof,” stated Mark Luschini, chief investment strategist at Janney Montgomery Scott. Now with that being said, companies in the small cap/microcap space have not quite felt the wrath over recent turmoil in emerging global economies. Companies such as Progressive Care Inc (OTCMKTS:RXMD), mCig Inc (OTCMKTS:MCIG) and HIGH PERFORMANCE (OTCMKTS:TBEV) trading activity has significantly picked up over the last month.

Progressive Care Inc (OTCMKTS:RXMD) through its subsidiary Pharmco LLC, a South Florida provider of prescription pharmaceuticals recently announced that the company reached another record month in August for prescription sales. The pharmacy was able to fill over 16,500 prescriptions during August, which resulted in a value of $1.17 million in revenues. This marks a 32% spike over the same month last year and the third consecutive month of record-breaking prescription sales this year. COO Shital Parikh Mars stated, “These last few months are a true testament to the hard work our staff puts in to market the Company and live up to the high standards of care that we set. We are leading the way in the level and range of services we provide and the South Florida community has embraced it.” Over the last month RXMD has been able to see gains of 73.01% from lows of $0.0063 to highs of $0.0109. Investors wait anxiously for the company’s next PR.

mCig Inc (OTCMKTS:MCIG), a leading distributor of innovative products, technologies, and services for the global medical and legal recreational cannabis industry announced on Monday the company reported positive operating cash flow. mCig has seen a 240% spike in quarterly revenue. The company’s revenue report showed they saw revenues of $369,093, which resulted in a 240% increase compared to the same period last year. “mCig Inc. continues to grow and maintain brand momentum,” said Paul Rosenberg, the company’s CEO. “This quarter was an important transitional quarter for us because we completed a full operational reorganization of the Company.” In the last 30 days MCIG has seen an increase of 84.81% from lows in August of $0.027 to highs of $0.0499. This marijuana stock to watch in 2015 is currently seeing trading levels between $0.0323-$0.0395.

HIGH PERFORMANCE (OTCMKTS:TBEV), manufacturer and distributor of a line of sport performance beverages announced on September 9th that the new sales launch date is set for this upcoming week September 18th for their signature High Performance Sports Beverage. The company is working closely with Southeast Bottling in regards to their results of the last test required for compliance of their FDA post-production mandated testing. President of the company Mike Holley said, “After speaking with Southeast Bottling we are confident that we will have the product out for shipping to our warehouse this Friday. We look forward to having our product in the hands of consumers within the next several days. We appreciate the support received by our shareholders as we continue to work towards making our High Performance Sports Beverage a highly recognizable name in the sports industry.” TBEV has seen an impressive increase in trading activity over recent weeks. TBEV has seen an impressive pps increase of 313.79% from lows in August of $0.00058 to highs on Monday of $0.0024.

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