Tranzbyte Corp. (OTCMKTS:ERBB) Slows Down a Bit, Volume Drops

Yesterday Tranzbyte Corp. (OTCMKTS:ERBB) cooled off a little after two green days in double digits that pushed the price nearly 50% up. The ticker remained among the top 5 most heavily traded OTC stocks, generating 13.5 million worth of dollar volume on 205 million shares changing hands.

Emotions are still running high and investors seem to be rather excited about the prospects before the company. The time-honored tradition of avid supporters calling a given marijuana stock a ‘ground floor opportunity’ and patting each other on the back is once again into effect as hopeful investors cheer for ERBB‘s success. What guarantee for success they have, beyond their expectations that the company will hit the big time, is not too clear.

ERBB is on the brink of releasing its very own ZaZZZ vending machine, to be used in marijuana dispensaries. The company has no clear date on which the machine will be released as of yet. In a recent interview ERBB‘s COO stated that the machine is in production and a release this month is ‘likely’. The company’s definition of ‘likely’ is open to discussion as in the same interview COO Mr. Shearin would not provide any specific timeline for release before the production run is complete.

The company would probably benefit from pushing ZaZZZ out by the end of March so that they can participate in the early April CannaBusiness Money Show with their product but given the current reluctance to even give a specific date for the machine’s release, this is not too likely.

Growlife, Inc. (OTCBB:PHOT), the current big buzzer of the pot pack, managed to generate huge dollar volume yesterday, outpacing ERBB and trading 46 million shares worth $28 million. PHOT‘s share price dropped nearly 12% further, down to a stop at $0.60 per share.