ML Capital Group, Inc. (OTC Pink: MLCG) is engaged in the production, support, and service to medical marijuana companies. In addition, the company manufactures its own vaporizer pen brand, mobile app, and books on medical marijuana. Shares of the medical marijuana company are jumping 57.14%, through afternoon trading on Friday, January 13, 2017. Over the past three months, ML Capital Group, Inc. has seen average daily volume of 41.1 million shares. However, nearly 239.3 million shares or dollar volume of $239,300, has already exchanged hands on Friday.
Shares of ML Capital Group, Inc. are soaring today, after the company announced it saw record sales during the fourth quarter 2016. “Current operations have a three-year operating history that has grown to nearly $400,000 in annual sales before the inclusion of the recent record quarter,” details the report. Overall, the company is forecasting strong 2017 revenues, as plans to roll out cannabis tourism services continue to push estimates higher. Here is the full press release detailing of record sales:
ML Capital Group, Inc. Press Release:
MIAMI, January 12, 2017 /PRNewswire/ –ML Capital Group, Inc. (USOTC: MLCG) today announced experiencing record sales in the fourth quarter of 2016. During the fourth quarter, the Company introduced a new service offering into its existing Hawaiian luxury tour service operations that produced a substantially better than expected contribution to sales and accounted for the overall record setting performance. Current operations have a three-year operating history that has grown to nearly $400,000 in annual sales before the inclusion of the recent record quarter. Based on the trialing ninety-day performance of existing operations, and the anticipated contribution from the recently announced entry into the Cannabis sector through a partnership with Puration, Inc. (USOTC: PURA) and Spanish Peaks ScumpDelicacies, management plans to release next week a video presentation of MLCG’s preliminary 2017 forecast.
To learn more about MLCG’s core business and their recent introduction of a Global Cannabis Tourism offering into their core business view the online presentation at the link below:
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.