Tranzbyte Corp. (OTCMKTS:ERBB) Gathering Upward Momentum
Tranzbyte Corp. (OTCMKTS:ERBB) is one of the cheaper medical marijuana stocks at the moment, but is still going on a strong upward course with the others. Even though there were periods of descent, the company stock has climbed a whopping 1200% since the hype around the medical cannabis sector began in the end of December, 2013.
The company is regularly informing us about its progress, which leads to good leaps in price, most of the time. Yesterday, ERBB announced that the marijuana vending machines that Vending Design Works has manufactured for them are ready for shipment.
Earlier today, the company informed us that they have chosen Cyber Kiosk Solutions, Inc. for the Age/ID/Fraud verification system for their ZaZZZTM vending machine. As we get it, the company is ready to place their vending machines any time now, which is good considering their latest financial filing, covering the period ended September 30, 2013.
- cash: $2.5 thousand
- current assets: $63 thousand
- total assets: $4.4 million
- current liabilities: $.6 million
- total liabilities; $6.9 million
- revenues: $61 thousand
- net loss: $289 thousand
At least the company has already started generating revenues. Still it is yet unable to operate at a profit, but we reckon that once the company places a good amount of vending machines, it will be able to generate high revenues at low cost, since they will be making money by leasing the machines to dispensaries.
We get that an amount of the saved money will go for 24 hour video surveilance of the vending machines, which will tighten security, monitoring for both fraud and theft. Furthermore, given the low market cap of $570 thousand that ERBB has, there is surely some great potential for growth if the company stabilizes its financials.
In any case, be sure to do your own due diligence and weigh out the risks, before making an investment decision.
Growlife, Inc. (OTCBB:PHOT)’s upward run came to a halt and the ticker barely moved in price, but still generated a mind-blowing $31.5 million in dollar volume. Hemp, Inc. (OTCMKTS:HEMP) did even better, gaining 14% on a $59.5 million trade value.
