Vitamin Blue (VTMB_) is a T-shirt company known for its board shorts and surfboard accessories. The company was recently very excited to receive an order from Tower Paddle Boards, a company owned by Mark Cuban. It, too, is jumping into the green rush by making three products out of hemp fibers, one a t-shirt featuring a pot leaf. Vitamin Blue sales increased from $99,254 in the nine months ending 2012 to $115,816 for the same period in 2013. However, during the summer of 2013, Vitamin Blue announced a new plan to branch into edible medical marijuana, creating a new subsidiary called Vitamin Green. It also plans to branch out into making grow tents. The stock is down 60% for the past year, but thanks to Vitamin Blue's inclusion in lists of pot stocks, even though it has no pot business to speak of, the stock has jumped 377% in the past three months. While it's still a penny pot stock at less than half a penny, this return is substantial. Vitamin Blue did not answer a request for comment regarding the Vitamin Green business.
Artikel von thestreet.com |
Thread abonnieren
