VitaCig Inc (OTCMKTS:VTCQ) was a massive decliner during Tuesday’s trading session plunging by 11% on relatively high volumes, which were 0.9 times the 30 day average turnover. VitaCig Inc has been in a strong uptrend but has been unable to move above the resistance zone at $0.017, which is indicative of the lack of buying interest at higher levels. The stock currently trades below its 200 day moving average and is seen taking support at levels of $0.006. The MACD oscillators are showing signs of a bearish reversal. The strength oscillator is pointing towards the stocks’ lack of inherent strength and bears being in control.
VitaCig Inc (OTCMKTS:VTCQ), a renowned name in mobile vaporization technology used for medical delivery applications, announced corporate updates for its shareholders. As per the reports, most of the updates revolve around company’s efforts to revamp the brand image over the coming months.
Management Call
While making the announcement, company’s CEO Paul Rosenberg said that he and the rest of the management team were excited to re-launch VitaCig Inc over the coming weeks. The procedure could take anywhere from a few weeks to a couple of months. He further thanked all the shareholders and investors for bearing with the company and showing faith in its capabilities during the past few months. VitaCig would do everything possible to add maximum value to investors money in the coming months.
As a first attempt to revamp the brand name, the company will launch a number of products, including the newly announced VitaCBD product. It’s a scientifically prepared Organic Grade Hemp CBD Oil, which is likely to raise the bar for all the other companies in the future. VitaCBD will be sold under the brand name of VitaCig by mCig, distributor for the product.
Even before the official launch, VitaCBD has earned the attention of industry experts and started making significant revenue for the company. VitaCig is excited about this product and hopes that it will change the fortunes of the company forever. There’s a complete line of world-class VitaCBD products that the company looks forward to launching in the coming months; hence, it intends to have a long-term association with mCig in the future.
Apart from this, VitaCig has also announced that it will launch a couple of e-juices or All-Natural Flavored High-Grade Hemp CBD Vape Oils during the holiday season to ensure the maximum possible sale. More such products are to be launched in FY16, details of which will be announced in 1Q2016.
