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Saturday, November 28, 2020

Sub-Penny Breakout Spotlight on Vet Online Supply Inc (OTCMKTS:VTNL)

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Vet Online Supply Inc (OTCMKTS:VTNL) just got a major jolt of interest from deep down in sub-penny territory. The company just announced a new contract with GCS Corporation to launch the company’s Pet CBD Products in over 5,000 marijuana dispensaries starting along the west coast from Southern California to Seattle Washington. The action in this stock over the past two sessions has been monumental, with shares moving from under a tenth of a penny to nearly a penny in that time.

Dan Rushford, CEO, stated, “I recently announced our purchase orders for January and February 2018 of $529,790 and $245,000 with a major retailer which will allow our Company to start the process to purchase-back shares of the company in order to focus on anti-dilution measures, stock price increases and minimizing the number of shareholders as we target the New York Stock Exchange listing procedures, along with our new program designed to provide prorated dividends to our shareholders.”

Vet Online Supply Inc (OTCMKTS: VTNL) promulgates itself as a US-based online retail reseller of premium veterinary supplies. The goal of “Vet Online Supply” is to provide the $38B industry with value priced, superior quality products.

Vet Online Supply sources our products through Concord Veterinary Supply. Concord, established in 1999, is now one of Canada’s largest, independent suppliers of veterinary surgical and dental instruments.

Vet Online Supply, Inc. engages in the sale of veterinary supplies for vet clinics. The company also offers various cannabis-based products, such as pet drops for the treatment of arthritis, compromised immune systems, stress responses, aggression, and digestive issues; and pet treats for pets. It sells its products through an ecommerce Web-based platform OsCommerce on its Website vetonlinesupply.com. The company was founded in 2014 and is headquartered in San Diego, California.

According to company materials, “Vet Online Supply Inc. is a small US-based online retail reseller of proprietary veterinary products. The goal of “Vet Online Supply” is to provide the $38B industry with value priced, superior quality products.“

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As noted above, this deep sub-penny exploded higher this week as the company announced new orders for a CBD pet market product for the west coast marketplace.

The CEO continued to state, “We’ve been negotiating with a cannabis retail company to place our CBD Pet Products on the shelves in marijuana dispensaries. They have agreed to start placing product in March-2018. We are expecting $3M in purchase orders for this sector of our market. We feel that a large majority of customers utilizing the marijuana dispensaries are also pet owners. Our CBD Pet products are beneficial and unique.”

This turned out to be prescient as, this week, the company announced that number at $3.7M in orders.

Mr. Rushford continued, “We anticipate high consumer traffic with a more keen interest in purchasing our products throughout the 20,000+ dispensaries in the USA. Statistics indicate the estimated number of cannabis businesses in the United States as of 2017 are between 20,000 and 28,000 cannabis businesses. In many cases, reality has outperformed expectation. After looking at the huge marijuana product sales in Colorado and Washington, cannabis industry analysts GreenWave Advisors raised their forecast for revenues for the industry in 2015. They now expect cannabis revenue to reach about $25 billion by 2020. They also expect the CBD market to grow to $3 billion by 2020. Our CBD Pet Products are high-quality.“

Now commanding a market cap of $2.6M, VTNL has virtually no cash on the books, which is balanced by about $167K in total current liabilities. One should also note that debt has been growing over recent quarters. VTNL is pulling in trailing 12-month revenues of $3K. However, the company is seeing recent declines on the top-line on a sequential quarterly basis, with revenues falling at -100% as of its latest reporting period. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $VTNL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $VTNL, either long or short, and we have not been compensated for this article.

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