China Kangtai Cactus Bio-Tech Inc (fka CKGT)

[StevenRisk]

This could be good news IMO but surely would like to hear what others have to say. Sounds like they are going to go alone here. Anybody buying here? Here is one of the quotes.

With a strong supply of cactus reconstituted tobacco, the company has the capacity to produce cigarettes in its own plant in Macau as well as sell its ingredients to other tobacco companies.

Mr. Changsen Xue the VP of Ruibosi said, “China Kangtai Cactus is an outstanding company that has shown remarkable growth in the cactus business. We have great confidence in the future sales of Sheng Cao cigarettes, which we believe will have very promising market prospects and growth potential. We have no doubt that consumers will like the taste very much.”



China Kangtai CEO Jinjiang Wang said, “The reconstituted tobacco paper process is extensively used in the industry. We have successfully produced samples and plan to begin full production in May of 2011. Sheng Cao is already a popular brand and we believe this new technology will provide a further boost for our company’s long-term development while it also will be accretive to earnings and will significantly broaden future sales.”