AVT, Inc.(AVTCQ)- OTCPK - Limited
  • Feb. 14, 2014, 4:04 PM
    • Volatile marijuana stocks have closed with big gains after the Treasury Dept. and deputy U.S. attorney general established banking regulations for licensed sellers. Notable gainers: MDBX +21.8%. MJNA +5.1%. GRNH +4.3%. AVTC +10.4%. MWIP +7.6%. HEMP +1.7%.
    • The rules allow banks to do business with marijuana sellers deemed to be obeying state laws, and not running afoul of eight principles, which include selling to minors and trafficking marijuana to states where it's illegal to do so. However, banks will have to file suspicious activity reports detailing transactions made by marijuana vendors.
    • The National Cannabis Industry Association calls the ruling, which comes six weeks after Colorado began legal marijuana sales, a "huge victory." But many observers think top U.S. banks will still tread cautiously.
    • FINRA has issued a warning about potential marijuana stock scams.
    | Feb. 14, 2014, 4:04 PM | 12 Comments
  • Jan. 9, 2014, 5:25 PM
    • Medical Marijuana (MJNA +4.3%) is up 25% YTD on the pink sheets as investors continue making speculative bets on pot-related plays following the start of legal marijuana sales in Colorado on Jan. 1.
    • On the other hand, several peers gave back a big chunk of their recent gains today: GRNH -52.4%. AVTC -15.8%. MDBX -18.6%. HEMP -24.1%. MWIP -21.9%.
    • But GW Pharmaceuticals (GWPH +23.5%), a more established name that yesterday priced a 2.4M-share follow-on offering at $36, went in the other direction.
    • With demand outstripping expectations, Colorado is (for now) arguably seeing the marijuana equivalent of the 1970s oil crisis: Long lines, shortages, rationing, and soaring prices have become the norm for licensed dispensaries.
    • Words of caution from seasoned investors about putting money into pot plays are easy to find. Fund manager Frank Igarra: "There might be one or two that survive, but having seen crazes like this, people have been burned by them a lot. The average investor should think twice."
    • FINRA issued a warning in August about potential marijuana stock scams.
    | Jan. 9, 2014, 5:25 PM | 24 Comments
  • Jan. 7, 2014, 3:26 PM
    • Shares of AVT (AVTC +125.2%) and Medbox (MDBX +65.5%) shares surge on continued marijuana-legalization news euphoria, small floats, and an announcement that the 2 companies have worked together to "improve our systems with electronic and biometric locks, which would aid in the safety and security of the marijuana products."
    • Medbox has also ordered 2 "containers of machines" from AVT to have a ready supply of machines - Medbox has received "well over 200 machine orders."
    | Jan. 7, 2014, 3:26 PM | 2 Comments
  • Dec. 13, 2012, 12:31 PM

    Shares of AVT (AVTC.OB) more than double after the company reports development deals with new customers. The company, which reported strong Q3 results earlier this week, is in the business of providing tech-based product dispensing solutions for major clients.

    | Dec. 13, 2012, 12:31 PM
Company Description
At AVT, Inc., our primary focus is on the design and manufacture of vending and product dispensing systems which utilize an inventive approach on development, integration of technology and advertising media. AVT's designs are innovative in that our systems exploit the use of an integrated PCs,... More
Sector: Services
Industry: Business Services
Country: United States