Vapor Group, Inc. (OTC Pink: VPOR) enjoyed a stellar performance right at the end of 2017. The Vapor Group targets on purchasing commercially viable ideas and turning them in to a success. Their notable products include Easy Grinder? and Royal CBD.
In November 2017 The Vapor Group recorded $500,000 in revenue, that was a lot more than the prior 3 months combined. This revenue growth helped the theifs to reduce operating debt and has now place them in an effective position to prosper across the this year.
Vapor Group Inc. saw excellent growth because of their new subsidiary Royal CBD
The primary cause of Vapor Group’s excellent Q4 performance was really a focus upon developing their newly formed subsidiary Royal CBD. Cannabidiol (CBD) shows great potential being a painkiller and anti-inflammatory plus the CBD industry may be growing in a impressive rate. Estimates show by 2020 the market can be worth an incredible $2 billion.
CBD products have proven popular with consumers since they’re able to help manage pain and inflammation without having major unwanted effects. Whereas the harder commonly known THC induces an increased in its users CBD is not going to. CBD has also been shown in various preliminary studies to become helpful when you treating anxiety.
Another major benefit from working on CBD products is versatility. CBD is often taken as being a cream, oil, vaping liquid or even infused into sweets. This provides companies to produce numerous products that hit many target groups. If Vapor Group will be able to go on to develop Royal CBD it’s likely that they will see their strong sales performance continue, especially as increasing numbers of states legalize CBD products.
Easy Grinder? sales carry on and perform well
One of Vapor Group’s most recognizable method is the Easy Grinder?. This product saw success in the usa owing to its simplicity and sleek design. Building a Grinder? is made to allow you to grind herbs. The goods features long battery lifespan, the ability to manually grind herbs as well as a detachable herb storage chamber.
In April of 2017 Vapor Group Inc. announced which they had signed their first overseas distribution agreement while using the Amsterdam based Simply Green. This helped these phones expand their sales in a Worldwide distribution network and was coupled with online sales to European customers.
Vapor Group will anticipate to exploit the latest markets to your Easy Grinder? in order to still boost their sales into 2018.
The sale of easy Cork Inc. helped reduce long-term debt
To make the most the success of Royal CBD and simple Grinder? Vapor Group took further steps to lower long-term debt. For the 1st of February, the provider confirmed that they had completed the sale of these fully owned subsidiary Simple Cork Inc.
The sale involved trading the intellectual rights behind Simple Cork Inc. to Rich Cigars, Inc (OTC Pink: RCGR). In return, Rich Cigars Inc. gives Vapor group shareholders a share of common stock. Rich Cigars Inc. would also say yes to assume around $2 million of Vapor Group’s easily exchangeable debt. This included all trade and long-term debt from Simple Cork Inc. The consumer could offset a huge percentage of this debt through providing creditors with commodity.
This result was vital to Vapor Group Inc because it has allowed the crooks to pay off a considerable area of their outstanding debt. That makes the organization more viable in the long run and often will permit them to retain a more substantial area of their profits in order to expand their business. The offer also allowed the organization to target upon their newest venture for 2018, cryptocurrency mining.
By combining cryptocurrency mining and CBD sales, Vapor Group Inc. could exceed all expectations in 2018
The cryptocurrency market is among the fastest growing on the earth. The Bitcoin boom in December bought cryptocurrency into the mainstream and its starting to be viewed to be a serious asset by so many investors. Another aspect of cryptocurrency is a lesser-known practice of “mining.”
Mining involves using computing power in order to process transactions. When a transaction is made from Bitcoin it can be put into a block that your computer then validates. In order to encourage people to allocate computing capability to process transactions, miners are rewarded with cryptocurrency they will and then.
In January 2018 Vapor Group Inc. took their steps into this lucrative market while using the purchase of 25 L3+ Antminer machines and founded CryptoTech Currency. They then built about this by collecting another five machines. These mining rigs are designed to encourage the company to mine “99% of existing cryptocurrencies.” This will allow the company to their mining according to what cryptocurrency is most profitable. It’ll likewise give Vapor Group a chance to make the most of lucrative “penny cryptos.” These lower value cryptocurrencies are generally better to mine and possess a lot more possible ways to see large boosts with their value.
This entry in to the cryptocurrency market implies a method shift by Vapor Group Inc. And not focusing much more about intellectual property, they already have began to center on young markets having a high risk of growth. Vapor Group’s subsidiary Royal CBD has already proven itself as a way to provide strong sales along with a good bang for your buck. If properly managed then these two potentially lucrative ventures will give Vapor Group Inc the liberty to flourish in any direction it chooses.
If the strong sales performance soon after 2017 is suggestive of the potential of Vapor Group’s in 2018 browsing would expect to see a rise in the cost of their stocks. Their cryptocurrency mining venture, particularly, can be highly profitable. ?
If Vapor Group Inc. has the capacity to parlay these new ventures into real concrete results then 2018 could be their year.
(Feature image via DepositPhotos)
This article may include forward-looking statements. These forward-looking statements generally are recognized by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” as well as other expressions. These forward-looking statements involve known and unknown risks and even uncertainties, including those discussed in the following cautionary statements and elsewhere on this page and on this page. Although Company may think that its expectations derived from reasonable assumptions, the specific results the fact that Company may achieve varies materially from your forward-looking statements, which reflect the opinions of your treatments for the business only as of the date hereof. Additionally, please ensure that you read these important disclosures.