DAYTONA BEACH, Fla.--(BUSINESS WIRE)--
The purchase is the Company’s first under a newly restructured corporate model that focuses on providing bulk CBD services to emerging businesses
Vapor Group, Inc. (OTC Pink: VPOR) (“the Company”) fielded its first order of the quarter for bulk CBD isolate. The $40,000 purchase order is a result of the Company’s newly adopted business model that concentrates on providing premium, bulk CBD isolate to companies selling into the rapidly expanding CBD market.
Recent surveys suggest that close to 7 percent of Americans currently use the hemp-derived compound, with that figure expected to rise to as much as 10 percent or 25 million by 2025. With the signing of the farm bill late last year, more and more entrepreneurs are embracing the CBD industry, giving Vapor Group all the more reason to shift its corporate focus.
“The recent passage of the farm bill has opened the door wide open for innovators and entrepreneurs to disrupt the old CBD industry, and our new business model is a reflection of the coming change,” said Vapor Group President and CEO David Zinger. “This sale from an established CBD brand, which we believe is the first of many, many more to come, is proof-positive of the acceptance of the high-quality of our product and the fact that we are competitively positioned in this marketplace.”
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 that is unsurpassed in a market that is expected to grow to $146.4 billion by 2025.
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.
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