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Friday, October 30, 2020

VAPE HLDGS INC COM USD0.00001 (OTCMKTS:VAPE) Vaporizing The Shorts

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VAPE HLDGS INC COM USD0.00001 (OTCMKTS:VAPE) is a stock that’s been powering in an uptrend helped along by recent news out of the company on the market launch of their first product in a new line of business focused on the use of advanced ceramic material to create an ideal, low-temperature vaporizing experience.

Recent action has seen upwards of 190% piled on for shareholders of the listing during the trailing month. This is emblematic of the stock. VAPE has a track record that includes a number of dramatic bounces. Moreover, the listing has benefitted from a jump in recent trading volume to the tune of a bit over 150% above its longer-run average levels. This is obviously very significant, given the stock’s extremely tight trading float – just 8.8 mln shares. A ramp in average volume into a float like this carries the clear potential for a share supply squeeze and a potentially violent extension higher. Shorts beware.

VAPE HLDGS INC COM USD0.00001 (OTCMKTS:VAPE) promulgates itself as a company that engages in designing, marketing, and distributing ceramic vaporization products.

The company offers blended ceramic vaporization element for torched, electronic, and portable vaporizers under HIVE brand. It provides a nonporous, non-corrosive, chemically inert medical grade ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes.

The company also offers packaging and sourcing products under the HIVE Supply brand name. Vape Holdings, Inc. is based in Chatsworth, California.

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As noted above, the company just announced the launch of its first product under the ONYX line. Benjamin Beaulieu, VAPE’s CEO, commented on the materials philosophy underlying the company’s product development process.

“We are staying ahead of the curve, and setting ourselves apart by releasing innovative products that will improve functionality and experience for everyone’s vaporizing needs. Blending cutting-edge with a focus on uncompromising quality, we also keep an eye on the day’s style and customer wants.”

According to the company’s materials, “the new 14mm domeless element showcases a premium medical-grade Silicon Nitride blend that weaves toughness and elegance into the vaporizing experience.”

“Focusing on a non-porous design has helped to keep our products at the forefront of the industry. Since our ceramic doesn’t let residue seep in or alter future experiences, the vapor will be as pure as possible.” Ben previews into the expanding markets and designs for Onyx.

As we understand it, HIVE will be adding different products using this new “Advanced Ceramic” material, with eyes set on distribution starting in early 2017.

Aside from the strong movement on the chart, we like to see a company like this finally get to market with a product launch in a new line. At this point, we would broadly lump this into the cannabis craze as vaping products are often used in the consumption of marijuana. Hence, this is a good time for the company to get to market with its new line.

With election day just a little over a week away, polls suggest that the legal marijuana market is set to expand dramatically in the US. And VAPE’s products are useful for both recreational and medical marijuana users, meaning this stock potentially benefits from all nine state votes. One counter comment is that the actual use of pot may not increase all that much given the long-thriving black market for marijuana. Hence, the impact may not be all that dramatic over the immediate time frame. But the long-term trajectory should benefit by the reduction in negative stigma on the drug as new consumers enter the marketplace.

At this time, carrying a capital value in the market of $2.3M, VAPE has minimal cash on the books, which compares with an appreciable load ($4.9 mln) of total accumulated debt. This is a very poor balance sheet, and debt is growing. That explains a bit about why this was trading around a tenth of a penny per share until just recently. But the expanded marketplace and new product line offer a chance at growth, and they’ll need to make the most of it. We will take another look soon and update this story as events dictate. For continuing coverage on shares of $VAPE stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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