Boston, MA 06/26/2014 (wallstreetpr) – Limitless Venture Group Inc (OTCMKTS:LVGI) continues to benefit from the overwhelming positive reaction to its move to confirm Joseph Francella as its permanent CEO and Chairman of the Board of Directors. Shares gained more than 7 percent in the previous session, and up 1400 percent so far this year.
Francella served as the interim CEO but the board recently voted to confirm his position while citing various positive strides he has made in the past several months. Of particular interest are the efforts by Francella to move products into production and supporting introduction of new lines.
The coming months should see the company enter revenue generation phase for its products such as SLAM and Hemp Core Health. Entering revenue generation will help the company repair its weak financial records given that it had zero revenue in the latest reported quarter with only $4,125 in cash and a net loss of $14,000.
Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) appears to be benefiting from the excitement in the marijuana industry. Shares of the company jumped almost 10 percent in the previous session, adding to the 9150 percent gain that has been witnessed in the stock since the beginning of 2014. Although investors are confident that a strong position in the promising marijuana industry would help the company to repair its financial health, the fact that GRCU is almost exhausting its authorized shares suggest potential cash strain. The company has 1.9 billion outstanding shares out of the authorized 2 billion. As if that is not worrying enough, Green Cures & Botanical Distribution Inc (OTCMKTS:GRCU) had zero assets as of the most recent financial reporting.
Vega Biofuels Inc (OTCMKTS:VGPR) has received an interesting order that could last up to five years and generate about $57 million in revenue. The company announced that an Austrian company ordered 50,000 tons of its renewable fuel over the next five years. The huge order of bio-coal will be processed at the South Carolina plant, which is a joint venture between Vega Biofuels Inc (OTCMKTS:VGPR) and Agri-Tech Producers.