Tranzbyte Corporation (ERBB)
YTD Gain for ERBB: 1,255%
While names like Medical Marijuana and Cannabis Science are working to develop hemp-based and cannabinoid-based products, Tranzbyte Corporation (ERBB) is tapping into the marijuana craze from a slightly different angle … its mission is to develop fledgling companies and product ideas, then once those businesses are up and running, Tranzbyte will spin them off into their own publicly traded companies to current owners of ERBB stock.
Whatever the business model is, one has to give the company credit for creativity. Tranzbyte recently announced its ZaZZZ line of recreational marijuana vending machines that will be placed in marijuana dispensaries.
Good idea or not, investors love what Tranzbyte Corporation is doing. ERBB stock has gained well more than 1,000% since the end of 2013, making it top dog among all the marijuana stocks for the year so far.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.