MIAMI, Florida, November 16, 2017 /PRNewswire/ --
Vapor Group, Inc. (OTC Pink: VPOR), ("Company"), today announced
The Company, in an August 22, 2017 Letter to Shareholders, had previously announced its intention to enter one of the fastest growing markets in the nation… the hemp-derived Cannabidiol market.
"The CBD or Cannabidiol market could grow by700% by 2020 as more people turn to these products for health improvements", stated FORBES. https://www.facebook.com/forbes/posts/10154841517757509
Moreover, FORBES said that the CBD market could grow to $2.1 to $3 Billion by 2020. The article went on to describe CBD based products as: "Cannabidiol (CBD) is the part of the cannabis plant that doesn't get you "high" like the THC side of the plant. It is typically used for health reasons instead of for recreational purposes."[i] https://www.forbes.com/sites/debraborchardt/2016/12/12/the-cannabis-market-that-could-grow-700-by-2020/#66305684be1e
The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. That's a 700% increase from 2016. In 2015, the market for consumer sales of hemp-derived CBD products was $90 million, plus another $112 million in marijuana-derived CBD products which were sold through dispensaries - bringing a total CBD market to $202 million last year.
Yaniv Nahon President of the Company, said, "Hemp-derived cannabidiol (CBD) doesn't get you "high",. It is typically used for health reasons instead of for recreational purposes and also has the benefit of providing a relaxing effect. We want to be on the front of the wave in the rapidly growing CBD market arena and we believe that's just what this market entry does for the Company and our shareholders."
Mr. Nahon continued: "Royal CBD, Inc., our wholly owned subsidiary, sources directly from third party manufacturers, and already has major customer-resellers of CBD products to buy our products.
The Company believes that the revenues to be generated by this new subsidiary, when combined with the Company's accelerating sales of Easy Grinder™ will have a significant positive impact to the Company's bottom line this fiscal year."
About Vapor Group, Inc. Vapor Group, http://www.vaporgroup.com, is focused on the acquisition and development of commercially viable intellectual property and proprietary products.
The Company's subsidiary, Total Vapor, Inc. is the worldwide distributor of the revolutionary, hand-held automatic Easy Grinder™ .Easy Grinder™ is shippable to Canada.
Vapor Group also owns Simple Cork, Inc., http://www.simplecork.com, the developer of a new, multi-nationally patented combination wine bottle cork/opener being prepared for market entry in 2018.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
i. https://www.forbes.com/sites/debraborchardt/2016/12/12/the-cannabis-market-that-could-grow-700-by-2020/#66305684be1e (Opinions expressed by Forbes Contributors are their own.)
For more information or to place an order, visit http://www.easygrinder.com , visit Amazon.com at http://a.co/5HOPUkE , [email protected] or you can call us at 844-420-EASY (3279).
CONTACT: Vapor Group, Inc. 954-883-9525
SOURCE Vapor Group, Inc.
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