The penny stock of SNPK ended the day 20.91% lower at $0.0870, with volume at 22.79 million. The stock has fallen more than 48% in the last three trading sessions. In the last one month, SNPK shares dropped more than 95%.

Sunpeaks Ventures this month filed a defamation lawsuit against Deal Flow Media Inc., Thomas Siudak, Red Carpet Books Inc. and Bill Martlink alleging that they engaged in a systematic series of false, defamatory and malicious statements as part of a conspiracy in an attempt to cause harm to the company.

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SUMR shares fell Tuesday after the company released its first-quarter financial results. SUMR reported first-quarter net revenue of $63 million, representing an increase of 7.8% over the same period in the previous year.

Gross profit for the first quarter rose 7.1% on a year-over-year basis to $21.1 million. The company’s gross margin for the quarter was 33.5%, down from 33.7% reported for the same period last year. SUMR reported net income of $1.3 million, or $0.07 per share for the first quarter, compared with $1.2 million, or $0.07 per share reported for the same period in the previous year.

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At last check, the small-cap stock of SUMR was trading 25.36% lower at $3.59, with volume up from daily average of 45,768 to 1.04 million.

Summer Infant shares are falling after the company reported its first-quarter financial results. For the first quarter ended March 31, 2012, SUMR reported net revenue of $63 million, representing an increase of 7.8% over the same period in the previous year. The year-over-year increase in revenue was driven by the addition of Born Free, which SUMR acquired on March 24, 2011.

Net income for the first quarter of 2012 was $1.3 million, or $0.07 per share, compared with $1.2 million, or $0.07 per share reported for the same period in the previous year.

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The penny stock of LUXR ended the day 9.19% lower at $1.68, with volume up from daily average of 1.51 million to 2.13 million.

LuxeYard recently announced the acquisition of leather furnishings specialty site, LeatherGroups.com.

LeatherGroups.com is the online division of Solana Beach, California-based furniture retailer homeLOFT. The transaction was led by LUXR’s CEO Braden Richter. The transaction coincided with the creation of an acquisitions team at LUXR. The acquisitions team will be based in LUXR’s New York Office.

Commenting on the acquisition, Tony Winders, executive vice president of Revenue at LuxeYard, said that LeatherGroups is the perfect complement to LUXR’s core home furnishings flash sale business and shows the company’s ability to make strategic acquisitions necessary to achieve its long-term objectives.

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DoMark International this month announced that its CEO Michael Franklin returned from China after successfully overseeing production details of the new Solapad product. Franklin also made arrangements for capitalizing on Solapad’s surprising demand.

Solapad is an ever-charging solar and battery system for all versions of the iPad. The product is expected to arrive in the hands of U.S. consumers in a few weeks.

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At last check, the penny stock of LUXR was trading 9.24% higher at $2.01, with volume at 828,238. Despite today’s gains, the stock is down more than 6% in the last three trading sessions.

LuxeYard this week announced the acquisition of leather furnishings specialty site, LeatherGroups.com.

LeatherGroups.com is the online division of Solana Beach, California-based furniture retailer homeLOFT. Tony Winders, executive vice president of Revenue at LuxeYard, said that LeatherGroups is the perfect complement to LUXR’s core home furnishings flash sale business and demonstrates the company’s ability to make the strategic acquisitions necessary to achieve its long-term objectives.

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ORYN shares have been gaining momentum despite there being no recent news or development related to the company. The gains could be due to some stock promotion activity.

Oryon Holdings is a pre-exploration stage company engaged in the acquisition, exploration and development of mineral properties for gold.

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The penny stock of SNPK ended the day 24.50% lower at $0.190, with volume at 17.92 million. The stock has fallen 46.47% in the last three trading sessions.

Sunpeaks Ventures recently announced that its wholly owned subsidiary Healthcare Distribution Specialists LLC (HDS) entered into an advertising agreement with Pulse Advertising LLC for the marketing of Clotamin in Washington D.C.

Mackie A. Barch, CEO of Sunpeaks Ventures, said that Washington D.C. is another key metropolitan area for potential Clotamin sales and the agreement with Pulse was designed to quickly enter this market by leveraging the promotional strengths of the all-news radio format with the persuasive reach of the Internet.

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Cannabis Science on Friday announced that the company supports House Minority Leader Nancy Pelosi’s statement to President Obama.

In her statement, Pelosi said that access to medical marijuana for individuals who are ill or enduring difficult and painful therapies is both a medical and a states’ rights issue.

Dr. Robert Melamede, CEO of Cannabis Science, said that it is about time members of Congress spoke out in favor of democracy and he expects to continue to see more and more politicians come out in favor of the medical cannabis industry.

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At last check, the penny stock of LFVN was trading 2.62% lower at $3.35, with volume at 225,035.

LifeVantage on Thursday announced that it will release its first-quarter financial results after market close on Tuesday, May 15, 2012.

Earlier this week, the company said that it welcomed record numbers of independent distributors to Anaheim, California for its annual Global Convention 2012, which was held between April 26 and April 28. The company announced new market of Australia at the convention.

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