Vape Holdings Inc (OTCMKTS:VAPE) Explodes Up The Charts

Vape Holdings Inc (OTCMKTS:VAPE) has exploded up the charts as investors search out companies that will benefit from a new marijuana Green Rush. We’ve been talking about this ever since 2016 rolled around. Roughly 14 states could legalize marijuana this year, adult-use cannabis or possibly both, either at the ballot box or through state legislatures. While it’s doubtful all those states will be successful, there’s a good chance at least a handful will legalize in 2016. No other single year has offered such incredible promise in terms of the sheer volume of states that could legalize, thanks to other pioneering marijuana markets and growing support for cannabis in general.The ArcView Group just reported that legal sales of cannabis grew to $5.4 billion in 2015, up from $4.6 billion in 2014. Demand is expected to remain strong this year and the research firm forecasts sales of $6.7 billion. Nonmedicinal adult use accounted for $998 million of the total sales in 2015, up from $351 million in 2014, according to the ArcView/New Frontier report summary.The most surprising aspect for us at Insider Financial is the fact that marijuana stocks have underperformed the major market indices. This sector is probably the fastest-growing industry in America right now and most of the public companies in the space are trading for pennies. With the potential interest coming from all walks of life, we think you’ll see bottom fishers looking for a place to invest.Pot stocks got active this month after GW Pharmaceuticals plc (NASDAQ:GWPH) reported a successful phase three clinical trial that proved its drug Epidiolex significantly reduced seizures in children with Dravet Syndrome. This news created momentum across the entire marijuana spectrum. Investors see the potential for cannabis-based drugs to replace addictive pills like Oxycodone. Many are now seeing the bigger picture with cannabis and that it’s not just for recreational use, but can also treat diseases. This will lead to more widespread acceptance and get not only Wall Street behind pot stocks, but the regulatory environment in Washington DC as well. These two factors will send pot stocks exploding up the charts.VAPE Holdings focuses on designing, marketing, and distributing various vaporization products. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes.In January, VAPE signed its first distribution agreement and sizeable initial order for its new portable vaporizer to be launched under its newly created, wholly owned subsidiary Revival Products. The distribution agreement was with Vapor Hut, a respected leader in Vapor accessories, e-cigarettes and herbal products in Illinois. Vapor Hut serves thousands of customers from its multiple locations in addition to its wide breadth and reach throughout the state via its support of countless other vapor shops and dispensaries.Earlier this month, VAPE announced that its Revival Products (www.revivalvape.com) lifestyle and vaporizer brand had signed a sales agreement with major online and application based retailer Touch Of Modern (www.touchofmodern.com). Sales of Revival Products will launch on Touch Of Modern beginning April 3rd, 2016. This opportunity sets up Revival for substantial sales and revenue with access to Touch Of Modern's community of 9 million + affluent, professional users in the United States and Canada which is growing by 15,000 new members daily. With positive performance, Revival hopes to be a permanent fixture in their online market.Revival (www.revivalvape.com), a subsidiary of Vape Holdings, is the first vaporizer brand made for the tens of millions of everyday Americans who live their lives with confidence, style, and class. As much as Revival is stylish and bold, it is also about the highest quality. Even though the device is smaller than 2.5 inches, it comes with a powerful 650 mAh battery pushing 20W and is made from aircraft-grade anodized aluminum. The vaporizer works with every standard cartridge using an industry-first magnetic adapter ring.VAPE has proven to penny stock investors that it has runner in its blood. The company is also restructuring its debt and cleaning up its balance sheet. This will go a long way in instilling confidence in the market. CEO Justin Braune recently said, "This latest round of restructuring and refinancing puts VAPE in a much more stable financial position. This represents approximately half of the debt incurred prior to my joining the Company. This is very exciting as it allows us to focus even more attention to growing our core businesses: Revival, Hive Ceramics, and the launching of our branded CBD line that is in the final stages of development." We will be updating Insider Financial as soon as we know more. For continuing coverage on VAPE, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in VAPE and have not been compensated for this article.