Stock to Keep Your Eyes on: Earth Science Tech Inc (ETST), ORGANIGRAM HLDGS I COM NPV (OGRMF), mCig Inc (MCIG)
Earth Science Tech Inc (OTCMKTS:ETST) reported the plunge of -14.57% and closed at $1.70, with the total traded volume of 46,689.00 shares. During last trade its minimum price was $1.70 and it gained its highest price of $1.99 and has a total of -0.05 million outstanding shares.
Earth Science Tech, Inc., a biotechnology company, focuses on delivering nutraceuticals, bioceuticals, and dietary supplements in the areas of health, wellness, sports, and alternative medicine worldwide. It focuses on non-prescription nutritional and dietary supplements for the treatment of chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea, aging, and overall wellness. The company also provides consulting services to the athletic facilities industry. Its marketing services include direct marketing, search engine optimization, public relations, email marketing, social media marketing, and development of referral programs. In addition, Earth Science Tech, Inc. retails health and wellness brands, as well as sports nutrition and dietary supplement products; and stocks and sells high grade cannabidiol rich hemp oil and products. The company was formerly known as Ultimate Novelty Sports, Inc. and changed its name to Earth Science Tech, Inc. in April 2014. The company was incorporated in 2010 and is headquartered in Boca Raton, Florida.
ORGANIGRAM HLDGS I COM NPV (OTCMKTS:OGRMF) showing dropped of -0.60% and closed at $1.59, after gaining total volume of 70,669.00 shares. It has total market capitalization of $157.26 million and a total of 98.29 million outstanding shares.
ORGANIGRAM HLDGS I COM NPV (OGRMF) on March 15, 2017 announced that it has issued an aggregate of 1,500,000 incentive stock options to Greg Engel, a director of the Company and the Company’s Chief Executive Officer, at an exercise price of $2.36 per share.
In accordance with Mr. Engel’s employment contract, 266,666 of the Options shall vest on March 13, 2018; 266,667 of the Options shall vest on March 13, 2019; and 266,667 of the Options shall vest on March 13, 2020.
Additionally, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $4.76/share; and, 350,000 stock options shall vest upon the common shares of the Company trading at a price at or greater than $7.14/share. In each instance, the common shares of the Company must trade at or greater than the price set forth above for a period of not less than 20 consecutive trading days.
All of the above-mentioned options have been granted pursuant to the Company’s Stock Option Plan which has been previously approved by the Company’s shareholders and the TSX Venture Exchange. In accordance with the Plan, all such options shall expire 10 years after issuance.
mCig Inc (OTCMKTS:MCIG) decreased -7.85% closed at $0.250 and traded with total volume of 1.94M shares, while the average trading remained 6.94M shares. During last trade its minimum price was $0.23 and it gained the highest price of $0.28. Its market capitalization was $101.47 million.
mCig Inc (MCIG) on February 1, 2017 announced it has entered into legally binding subscription agreements with Paul Rosenberg, Chairman and Chief Executive Officer and Michael Hawkins, Chief Financial Officer for the issuance of 25,000 newly issued Series A Preferred shares each. Under the agreements Mr. Rosenberg and Mr. Hawkins will subscribe for and purchase directly or through their own beneficially owned and controlled special purpose vehicle 25,000 shares of Series A Preferred stock each for a total purchase price of $200,000 ($100,000 each), or $4.00 per share, which equates to $0.40 per common share in conversion. In addition to the Series A Preferred stock, Mr. Rosenberg and Mr. Hawkins will each receive a five year warrant for an equal amount of common shares at $0.75 per share.
MCIG remains ultra conservative in its financing measures. The Company has a long history of self-supporting its operations and continues to protect its shareholders from a toxic debt strategy. Paul Rosenberg stated, “We will remain diligent in our financing strategies as we continue to expand operations and grow vertically and horizontally.”
Headquartered in Henderson, Nevada, mCig Inc. (MCIG ) is a diversified company servicing the legal cannabis, hemp and CBD markets via its lifestyle brands. MCIG has transitioned from a vaporizer manufacturer to an industry leading large scale, full service cannabis cultivation construction company with its Grow Contractors division currently operating in the rapidly expanding Nevada market. The company looks forward to growing its core competencies to service the Ancillary legal Cannabis, Hemp and CBD markets, with broader expansion to take place once federal laws change. For more information visit www.mcig.org.