NEW YORK: Message to pot stock speculators: O.PenVape, the company featured on CNBC in a feature about the marijuana industry, is a private and not publicly traded. So if you are buying shares in a pot stock this morning, it is NOT stock in O.PenVape.
On Wednesday evening, CNBC aired an hour-long feature ‘Marijuana in America: Colorado Pot Rush,’ which included interviews with a handful of pot-industry companies. O.PenVape, a pen cigarette that vaporizes hash oil, stood out as one well-positioned company in Colorado’s green rush. The company’s pen heats up a cartridge of hash-oil, making it a sort of e-cigarette of pot.
CEO Todd Mitchem told CNBC Open Vape sells its cartridges for as much as $40 a pop and that it receives about 270,000 orders a month. Mitchem also told CNBC, as they toured O.PenVape’s offices, that the company grew 1600% in 2013 and he believes it will become “the Google of cannabis.”