122
Technical
Analysis
of the United States
Cannabis Market
Vapen is an ambitious company that is vertically integrated within the cannabis space including cultivation, extraction, and the manufacturing of THC and CBD Vape cartridges, concentrates, edibles, retail dispensary, and wholesale distribution. Recent mainstream media news about vaping deaths have caused investors to seemingly panic sell this stock; quite possibly due to the simple fact that their Name includes the word vape in their name. However, the claimed deaths about vapes are associated with vitamin E acetate, such as the flavored e-cigarettes found on the black market that are approved by the government for sale. Vapen does not sell such products and has clarified this in a recent news release after the share price dropped drastically. For investors that are interested in this company, this potential misunderstanding by other investors presents a buying opportunity.
Paying attention to the news, including mainstream news can be very beneficial to us as both investors and traders. The initial paragraph of Vapen’s news release reads as:
“Vapen MJ wants to assure consumers that its products are made with 100-per-cent distilled cannabis oil with a very low amount of terpenes for flavor and strains that do not contain vitamin E acetate. Vapen MJ has verified with its suppliers that the "diluting and thickening agents" used in black-market products are not present in any of Vapen MJ's products. Vapen MJ does not manufacture or sell any products that contain nicotine.”
To read the full news release from Vapen click here:
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVAPN-2809104&symbol=VAPN®ion=C
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Vapen MJ Ventures Corp
Note: Chart uses CSE: VAPN - same companyoration (OTC: VAPNF)