FBEC Worldwide Inc (OTCMKTS:FBEC) has been ripping higher out of deep sub-penny status on sharply increasing volume, leaping as high as $0.05/share last week on a major surge. The catalyst here clearly appears to be the recent placement of the Company’s Hemp energy shots on Amazon.con, and subsequent reports that sales on the platform have overwhelmed supplies there, inciting a double size follow-up order to supply sales on Amazon, according to the Company’s press release.
We’ve witnessed 81% tacked on to share pricing for the name in the past month. Market participants may want to pay attention to this stock. FBEC is a stock whose past is littered with sudden rips. What’s more, the stock has registered increased average transaction volume recently, with the past month seeing a bit over 180% above the average volume levels in play in this stock over the longer term. This is particularly important with the stock trading on a float that may be as small as just 15.79M shares. This type of thing is something to watch out for: a jump in average daily transaction volume in a stock with a restricted float can unleash fireworks as supply is squeezed.
FBEC Worldwide Inc (OTCMKTS:FBEC) bills itself as a company that engages in the development, distribution, and marketing of hemp based energy drinks. It offers UnWind, a light beverage designed to relax consumers mind and body.
The company was formerly known as Frontier Beverage Company Inc. and changed its name to FBEC Worldwide, Inc. in December 2014. FBEC Worldwide, Inc. was founded in 2014 and is based in Cheyenne, Wyoming.
FBEC is a lifestyle Brand Company with a focus on Healthy Hemp & CBD infused consumer products, both domestic and abroad. “We are committed to increasing our market size and scope through the optics of creative marketing and most importantly customer satisfaction. Our growth strategies focus on a number of major initiatives, including unique branding opportunities that will be targeted at key demographic groups and to develop strong community and distributor relationships. FBEC Worldwide is currently developing and building Healthy Hemp & CBD infused consumer products, focused on strong rates of growth within key fundamental consumer groups. Our company is dedicated to becoming the lead developer of name brand hemp & CBD infused consumer products.”
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As noted above, the Company just announced that its WolfShot line of Healthy Hemp energy shots “has once again sold out on Amazon.com. The Company has received a follow-up purchase order from Amazon’s Vendor Express Program for double the initial amount. The announcement comes just eight days after the Company’s product was restocked for sale on Amazon.com.”
After being accepted by Amazon’s Vendor Express Program in August 2016, the Company has had a successful product test-run and sold out on Amazon twice. The Amazon Vendor Express Program allows companies to sell their products directly to Amazon.com, Inc. while Amazon takes care of the shipping, promoting & customer service.
CEO Jeff Greene said, “To once again sell out on Amazon as quickly as we did is a testament to our product’s effectiveness. To have Amazon’s Vendor Express Program double their initial order speaks volumes to the retail reception of our product. This is a very exciting time for FBEC Worldwide as we continue to expand our distributor network and gain product placement into major retailers like 7-11.”
This comes just a couple weeks after the Company had announced in early September that it had received a purchase order for 35,000 units of WolfShot from “Four Link USA, Inc.” for distribution within the Northeast USA. “Four Link will be placing WolfShot™ within multiple convenience stores within the northeast including 7-11 & ShopRite.”
At that time, Greene stated “This is a great step forward for FBEC. The WolfShot™ brand will finally be getting the exposure it deserves. We are currently hard at work to get more purchase orders within other regions of the USA as we make a hard push for our WolfShot™ brand of Healthy Hemp™ Energy Shots. We will be putting out an 8k shortly to include the full details of this purchase order.”
To see the follow-up sign of demand has been encouraging to traders, who are bidding up the thin stock along with anything and everything to do with hemp, cannabis, and marijuana.
Now commanding a market cap of $6M, FBEC has minimal cash on the books, along with total assets of $92K, which is balanced by an appreciable load ($1.09M) of total accumulated debt. Obviously, the balance sheet is not in great shape, so one must take everything with at least a little grain of salt until we see the type of sales numbers that can genuinely move the needle on liabilities. But, with that said, we are seeing things move in the right direction here and we will keep you posted on all developments with this exciting brand in the cannabis patch. For continuing coverage on $FBEC and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!