Boston, MA 04/02/2014 (wallstreetpr) – The trading life of Tranzbyte Corp (OTCMKTS:ERBB) has generally been in pretty good positive, despite the occasional declines. Although the previous week wasn’t full of good news, it managed to end the week in the green zone. Yet, the previous session failed to hold onto the positive side of things, perhaps suggesting that the press release which helped the shares up Friday following announcement of unveiling of ZaZZZ vending machine has outlived its usefulness. Without looking at the recent declines, the company is making impressive inroads into the medical marijuana industry and this should help it benefit through collaborations and partners that it is already brewing in order to obtain market for its technologies. Tranzbyte Corp (OTCMKTS:ERBB) is the kind of stock which requires patience and close tracking and new developments sure to come over the next year as medical cannabis market takes shape.
It seems growing revenue is taking the better part of Growlife Inc (OTCBB:PHOT). The company attained 183 percent growth in revenue which resulted into $1.9 million in the fourth quarter reported Tuesday. The significant jump in revenue year-over-year as noted in the quarter was attributed to improving market conditions, launch of new products and acquisitions such as that of Evergreen Garden Center and Rocky Mountain Hydroponic. Of the reasons given for the revenue growth, the improvement in market condition is quite telling as it means that the company is set to benefit as more states consider regulations and laws for the legalization of marijuana. While Growlife Inc (OTCBB:PHOT) issued elaborate details about the growth in revenue in the fourth quarter, explanation was conspicuously lacking as to what led to the widening of loss in the quarter. The company suffered $16.8 million net loss, implying loss per share of 2 cents, below net loss of $1.3 million or breakeven in the comparable quarter a year ago.
Without looking at Limitless Venture Group Inc (OTCMKTS:LVGI) falling in the previous session. There is important news which investors should base their decision about investing in this ticker. Having undertaken CEO change which brought in Joseph Francella at the helm, the thing is that the new CEO has committed to word for free, at least for the first six months. And on top of that the CEO said that he hopes to put a stop to the share dilution. Combined, the CEO wants to create value for investors, thus investors should expect the stock to start breaching price barriers.