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 Hot Stock to Watch |
Company: ML Capital Group, Inc. (OTCQB: MLCG)
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Last:
Price: 0.033
Change (%): + 0.0141 (74.60)
Volume: 1,423,175 |
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Goldman Small Cap Research Issues Research Report on ML Capital Group, Inc.
BALTIMORE, June 17, 2014 /PRNewswire/ - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has released a new research report on ML Capital Group Inc. (OTCQB - MLCG). The Company produces, markets, and sells its products and services under the SuperStar brand name, including vapor pens, mobile applications, and books.
The electronic cigarette, or e-cig market, currently generates 3 billion dollars in annual sales and industry experts forecast it could reach the 300 billion dollar mark in the next ten years. ML Capital recently launched sales of its vapor pen and accessories for use with tobacco, e-liquid, and medicinal marijuana. The SuperStar Vapor Pen product line is an 8-piece vapor pen kit with a tobacco tip, e-liquid tip, and wax atomizer, and is available in 5 colors. The unique design and features of the SuperStar Vapor Pen set is that it can be used with both tobacco based products, as well as medical marijuana or cannabis in the form of liquid, wax, or dry ingredients.
With distribution and medical marijuana dispensary relationships in a handful of states, the Company has already begun to book wholesale and retail sales. Recent studies in the U.K. that indicate e-cigs and vapor pen usage serve as highly effective smoking cessation devices as well as an alternative to traditional tobacco-based cigarettes, helping to drive the market growth.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
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