Vet Online Supply Inc (OTCMKTS:VTNL) is selling off after quietly screaming up the charts up 355% last week and 485% over the last month. The driver has been VTNL’s pop in revenues and increased sales centering around the company’s CBD oil pet products. Furthermore, the increase in sales is allowing VTNL to implement a share buyback and dividend program. I am keeping VNTL on my watch list for now.
In December, VTNL received its first retail order from a major CBD retailer for the purchase of 5,000 units of the CBD Pet Treats and CBD Pet Drops for approximately $245,000, and another purchase order of $529,790 for 10,000 units of our CBD Pet Drops and 7,000 units of their CBD Pet Supplement Treats.
Vet Online Supply Inc (OTCMKTS:VTNL) is a development-stage company. The Company is engaged in the sale of veterinary supplies for vet clinics of all sizes. It provides a range of professional and veterinary products used in the treatment and prevention of animal disease. It offers cat products, dog products, horse products, cattle products, sheep products, bird products, pig products and accessories. The Company sells its products on the e-commerce Web-based platform called OsCommerce, at its Website, www.vetonlinesupply.com. The Company offers antibiotics; bandages and supportive; dips, sprays and pour-ons; disinfectants; eye and ear and mouth products; homeopathic and alternate medicines; hoof products; instruments and general; intestinal treatments and feed additives; muscle, joints and lameness; tick and flea; vitamins, mineral and electrolyte supplements; vitamins and minerals-injections; worming medications; wound care, and udder and uterine therapy.
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VTNL also announced this month that they had exceeded its sales projections with current purchase orders totaling $3.7M.
Dan Rushford, CEO of VTNL, stated, “In the past 60 days the company has announced orders for $3.7M for our CBD Pet Drops and Treats. We have announced our new CBD Oral Pet Sprays being available on March 15, 2018. We will also roll out our new Pet Performance Products next week. As we exceed our projections, we have instituted a share buy-back program for March-2018 as a part of retiring 80% of our float.”
“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 feel that a large majority of customers utilizing the marijuana dispensaries are also pet owners. Our CBD Pet products are beneficial and unique.”
Rushford continued, “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. “
Vet Online Supply Inc (OTCMKTS:VTNL) has a market cap of 878,432k and a float of 71.15M plus VTNL has 10-day average volume of 173.08M. The share buyback program is an interesting twist in all this news and we expect more positive news from VTNL as the second chapter of the Green Rush approaches. Sign-up for continuing coverage on shares of $VTNL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $VTNL, either long or short, and we have not been compensated for this article.