Terax Energy Inc. (OTCQB: TERX) declined 10% to $0.27. The Company is developing and marketing electric powered vehicles and products.
NanoTech Entertainment Inc. (OTCPINK: NTEK) moved up 11.54% to $0.0261 on a traded volume of 4.60 million shares. The Company has completed the second phase of a plan to buy back shares of its common stock. The NanoTech Board of Directors had previously authorized a share repurchase program under which the company repurchased 25% of its outstanding common stock from the open market and in privately negotiated transactions. The Company had completed the phase one buyback on January 25th 2013 and has now completed the phase two buyback.
Medical Marijuana Inc. (OTCPINK: MJNA) went up 5.12% and closed at $0.45 on a traded volume of 10.62 million shares. Earlier, the Company pre-announces its fourth quarter earnings. The net income was $3.39 million in the fourth quarter. The gross revenues were $5.10 million, an increase of $4.5 million and over 1,100% from the previous year quarter. The Company provided an update on the expansion of its Red Dice Holdings Dixie Elixirs & Edibles brand nationally and in Colorado through additional market penetration and product development.
Cereplast Inc. (OTCQB: CERP) increased 29.82% to $0.037 on a traded volume of 20.76 million shares. The Company generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013.
The Company announced that The Tea Spot is launching Brewlux, the first disposable tea infuser, which is made from Cereplast Biopropylene 106D.
TRANZBYTE CORPORATIO (OTCPINK: ERBB) surged up 72.50% to $0.0069 on a traded volume of 63.65 million shares. One of the divisions of Tranzbyte Corporation, Altitude Organic Corporation has exclusively partnered with Native-American owned U-Mate International Inc. to develop our specialized product line formulated specifically for the cannabis industry. Tranzbyte Corporation is a driving force behind Altitude Organic Corporation. Tranzbyte Corporation operates independently owned retail dispensaries under the Altitude Organic Medicine brand name in Colorado, California, and Arizona.
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