Vet Online Supply Inc (OTCMKTS:VTNL) is an online retail reseller of proprietary veterinary products, with the goal of providing the $38B industry with value priced, superior quality products. The company is engaged in the sale of veterinary supplies for vet clinics of all sizes. It provides a range of veterinary products used in the treatment and prevention of injury and disease in dogs, cats, horses, cows, sheep, birds, and pigs.
The company’s stock is getting a boost this week on the heels of a couple of press announcements, one of which pertains to a lucrative $3M contract in the exploding West Coast cannabis sector. It’s primarily for that reason that we took notice of this sub-penny trader which has more than doubled this week.
Vet Online Supply Inc (OTCMKTS:VTNL) announces its 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.
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. 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.”
Mr. Rushford further stated, “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.” (Source: Globe Newswire)
We’ve seen many companies in the past claim to be seeking an exchange up-listing, but fewer that actually carry it out. However, with nearly $4M in sales contracts signed in just the past couple of months, and a rising stock price with plans for a share reduction, we are definitely going to want to begin keeping track of VTNL. Additionally, CBD is among the most attractive subsectors in the cannabis business, and with one of the highest growth rates as well. CBD treatment for pets is a relatively unexplored space in comparison to their human counterparts, so that’s part of the story as also intrigues us. We’ll stay up on any further developments with VTNL and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free small cap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in VTNL stock, short or long.