Corporate restructuring and focus on emerging CBD industry brings
Company continued success
Vapor
Group, Inc. (OTC Pink: VPOR)
(“the Company”) continues to grow its newly adopted business model that
focuses on the emerging CBD industry, with the Company this week
securing yet another $50,000 order for bulk CBD isolate. Following their
successful corporate restructuring initiative earlier this year, Vapor
Group has now sold almost $300,000 worth of orders for April, further
establishing themselves as one of the premier providers of high-quality
CBD isolate to the sector.
(Click
here to watch a video about VPOR and their use of
cutting-edge manufacturing facilities and processes.)
Vapor Group provides highly-potent, premium bulk CBD isolate made from
100 percent industrial organic hemp. The Company’s use of cutting-edge
manufacturing facilities and processes, including nanotechnology,
provides its customers with a competitive advantage in quality and
product effectiveness with a product that is disrupting
industries from plastics to construction.
“It’s been an exciting month for us, but we know we have a lot more work
to do to assure our continued growth,” said Vapor Group President and
CEO David Zinger. “We’re confident that with our high-quality product we
will carve out a significant portion of market share to the benefit of
the Company and its shareholders.”
CBD is gaining wider acceptance among mainstream Americans, especially
in the heartland where recently Texas
voted to allow farmers to grow industrial hemp. Entrepreneurs and
established large chain retailers are embracing the CBD industry as
well, as business owners begin to reflect on surveys that suggest that close
to 7 percent of Americans currently use CBD, a figure that is
expected to increase to as much as 10 percent or 25 million people by
2025. As a result, investment firm Cowen forecasts that sales of CBD
consumer products in the U.S. could conservatively reach
$16 billion by that year.
About Vapor Group, Inc.
Vapor Group, a publicly-traded OTC company, trading under the symbol
VPOR, today is a holding company with its principal operating subsidiary
being VPOR, Inc., www.VPOR.com.
Vapor Group provides only premium bulk CBD products made from 100
percent industrialized organic hemp that is produced by top growers in
the U.S. from states like Kentucky, Colorado, and Oregon. The Company
works directly with B2B businesses in the sector to stay
up-to-the-minute on the latest consumer trends in the category.
Vapor Group also is the owner of Simple Cork, Inc., www.simplecork.com,
the developer of a new, multi-nationally patented combination wine
bottle cork/opener being prepared for market entry.
If you have specific questions about the Company, please email us at investor@vpor.com.
Safe Harbor: Forward-Looking Statements are included within the
meaning of Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding our expected future financial position, results of operations,
cash flows, financing plans, business strategy, products and services,
competitive positions, growth opportunities, plans and objectives of
management for future operations, including words such as "anticipate,"
"if," "believe," "plan," "estimate," "expect," "intend," "may," "could,"
"should," "will," and similar expressions are forward-looking statements
and involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results, performance,
or achievements. We are under no obligation to (and expressly disclaim
any such obligation to) update or alter forward-looking statements,
whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190501005537/en/
Copyright Business Wire 2019