FBEC Worldwide Inc (OTCMKTS:FBEC) announced that it has just signed PNBM Holdings LLC, as its new distribution sales representative, for a period of 1-year. The agreement also calls for exclusive placement at Shoprite, 7-11 and several other stores, across the country. The company noted that earlier this month, PNBM was successful in securing an order of 35,000-units of Wolfshot, from the Healthy Hemp brand. Jeff Greene, the CEO of FBEC, expressed his excitement at starting this relationship with PNBM. He expressed his utmost confidence in the distributor’s ability to represent Wolfshot, across the country. Mr. Greene also promised to issue a Form 8-K for shareholders, providing full details of the agreement.
Other OTC stocks in focus are OIddriven Inc (OTCMKTS:IDDR), Fantasy 6 Sports Inc. (OTCMKTS:FNTYF)
Iddriven Inc (OTCMKTS:IDDR) has added over $0.01 per share to its value, during the last five trading sessions, after it announced the appointment of Neil Kleinman as the new Sales Manager, for North America. The company noted that Mr. Kleinman had a strong background in finance and conducting IT sales, which makes him ideal for the job. In addition to this, at his most recent job, at Webair, Mr. Kleinman had exceeded sales quotas on a regular basis. He was also successful in securing the largest enterprise customer for Webair. It should be noted here that Webair is a provider of Cloud services, with clients ranging from large enterprises to SMBs. Fantasy 6 Sports Inc. (OTCMKTS:FNTYF) has remained fairly stable in the stock market, during the last week, excluding a big dip on September 29. The stock fell from over $1 per share, to less than $0.95, after it announced its first release in the mobile gaming market, on September 13. Fantasy 6 introduced Fantasy Football Coach, which it claimed was met with critical success, at the debut. The game has been able to secure the #4 spot, on its debut, in the US and Canada and #21 in the list of curate New Games We Love. Currently, the mobile game is featured in the US and Europe. The management stated that the response had been encouraging and it plans to introduce several new fantasy games, in the near future.
Notable marijuana stocks in focus include General Cannabis Corp (OTCMKTS:CANN) and Terra Tech Corp (OTCMKTS:TRTC) Continue To Improve Share Value On Old Updates
General Cannabis Corp (OTCMKTS:CANN) has been moving up in the stock market, after it announced that it has successfully completed the initial closing of capital raise, on September 22. As such, the company has successfully raised $3 million in capital, through private placements with current note holders and other private parties. CANN issued a total of $2.8 million worth of promissory notes, with an interest rate of 12% per annum and 8.4 million warrants to purchase common stock, as part of the program. The stock has moved up by over $1 per share, since the announcement.
Terra Tech Corp (OTCMKTS:TRTC) has also added approximately $0.1 per share, since its last press release, on September 22. The company announced that it has begun selling its line of Living Herbs to Wegmans Supermarkets, located in New Jersey. It should be noted here that the supermarket has over 89 stores, across the country. Derek Peterson, the CEO of TRTC, stated that they had more than tripled their production, owing mainly to supermarket demands. As such, more sales are expected to be announced in the near future.
