Business
Limitless Venture Group, Inc. and subsidiary Rokin Inc. solidify plans to make Rokin Vapes the industry leader in the projected 26.52 Billion Dollar Cannabis and CBD vaporizer markets.
Limitless Venture Group, Inc. and subsidiary Rokin Inc. solidify plans to make Rokin Vapes the industry leader in the projected 26.52 Billion Dollar Cannabis and CBD vaporizer markets..
About this update from Limitless Venture Group Inc.
[{"type":"text","content":"TULSA, OK / ACCESSWIRE /October 14, 2021 / Limitless Venture Group, Inc. (OTC PINK: LVGI) (\"LVGI\" or the \"Company\"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth, is pleased to announce today that it has made a strategic commitment to fund its fast growing subsidiary Rokin, Inc. (\"Rokin\") for the next four years with a $200,000 injection of capital and a further commitment of $800,000 over the next four years. \"We are just so happy to be working with such an exceptional team of business professionals at Rokin. For the last couple of months, the Rokin team and I have been developing a very detailed 2-year forecast, projecting a realistic growth path that will begin to provide significant revenue sharing for LVGI within the next 12 months and annual revenues at around $3 Million by end of 2022. Rokin has been doing an incredible job of building a trusted brand in the cannabis and CBD market place which will provide an incredible opportunity for expansion in the near future. We look forward to working with Rokin not only to help with their continued growth, but also to assist LVGI with its acquisition strategies.\" exclaimed Devon Diaz, COO of Limitless Venture Group, Inc. \"We are very pleased to be deepening our relationship with Limitless Venture Group,\" said Daryl Bauer, CEO, Rokin. \"This capital infusion represents a strong vote of confidence in our products and our plan. With this infusion, Rokin will be able to launch its newest product innovations that were in development and expand its product category offering to customers. This Diversification of our product lines will broaden our current market share and further solidify Rokin's continued path to becoming the industry leader in Hemp, CBD and Cannabis vape technology. Joseph Francella, CEO of Limitless Venture Group, Inc., commented: \"We are pleased to be deepening our financial commitment to Rokin. We expect these capital injections will help the Company achieve $10 million in annual sales with approximately $1 million in net profit dollars for LVGI by the end of the 4th year, with a cumulative $27 Million Dollars in total sales for the 4 year period and around 3 Million in net revenue for LVGI \". Mr. Francella f...