Vapor Group Inc (OTCMKTS: VPOR) spike from the dead is gaining momentum. Share price and trading volumes have started edging higher in the wake of the Company serving a number of catalysts that affirm growth in its core business.
VPOR Price Action Catalysts
Investor’s sentiments in the stock have started inching higher, having emerged that the Company’s CBD products are slowly gaining traction in the market. For starters, purchase orders for the Company’s high-quality CBD isolate are on the rise.
The Company has also inked supply agreements with a number of clients key among them industrial hemp pioneer GenCanna Global Inc. White Label Liquid Inc. has also tabled a purchase order poised to strengthen the Company’s revenue base even further.
The increased business activity comes on the heels of Vapor Group launching a new website that it is using to target distributors and resellers. The Company has also engaged business-2-businesses entities in the CBD sector, as it seeks to stay up to the minute with consumer trends and taste.
While the stock is still engulfed in a long-term bear trend, it has started trending higher on a spike in the number of shares traded in the market. The stock is currently trading at the $0.0008 level from where it is trying to recoup losses accrued over the past few years.
For the stock to turn bullish, given the descending bearish trend line, it will have to rally and take out the $0.01 psychological level. Given the improving underlying fundamentals and the fact that the cannabis sector has turned bullish it could be a matter of time before the stock takes out the psychological level.
About Vapor Group
Vapor Group is a holding company that develops, manufactures and distributes electronic cigarettes as well as vaporizers and flavored e-liquids. The Company markets its products under the Vapor Group, Total Vapor, and Vapor 123 brand names.
Vapor Group core business is growing at an impressive rate seen as one of the catalysts fuelling the stock’s upside action. The Company has continued to elicit strong demand and orders, paving the way for what could turn out to be a record-breaking year on sales growth.
At the start of the second quarter, the Company received its first order for Bulk CBD isolate valued at $40,000. The purchase order affirms the Company’s new business model that focuses on providing premium bulk, CBD isolates to companies in the CBD sector.
“This sale from an established CBD brand, which we believe is the first of many, many more to come, is proof-positive of the acceptance of the high-quality of our product and the fact that we are competitively positioned in this marketplace,” said Vapor Group President and CEO David Zinger.
The Company has since secured another $100,000 purchase order from White Label Liquid Inc. The order underscores Vapor Group growing credentials as a provider of high purity, high potency pre premium bulk CBD Isolate.
Since the start of the second quarter, Vapor Group has signed deals that have seen it sell almost $300,000 worth of product, further strengthening its sales channels. Given the rate at which the Company is attracting purchase orders, it is slowly establishing itself as one of the premier providers of high-quality CBD isolate.
The purchase orders can only continue to increase given the widespread CBD acceptance among mainstream Americans.
“It’s been an exciting month for us, but we know we have a lot more work to do to assure our continued growth. We’re confident that with our high-quality product we will carve out a significant portion of market share to the benefit of the Company and its shareholders,” said Mr. Zinger.
What Next For Vapor Group
Vapor Group market sentiments have started edging higher, given the impact of the new business model. Growing credentials as a reliable supplier of high-quality CBD isolate explains why the stock has started bottoming out from all-time lows, along with some promo emails sent out.
The stock remains on course to generate significant revenues given the rate at which it is signing deals for CBD isolate supply. Sales growth is one of the developments that should continue to strengthen market sentiments and keep the bullish momentum going.
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Disclosure: We have no position in VPOR and have not been compensated for this article.
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The post Vapor Group Inc (OTCMKTS: VPOR) Core Business Growth Triggers Spike From The Dead appeared first on Insider Financial.