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VitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement for Our VitaCBD Product Line With Vitastik EU Partner
VitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement for Our VitaCBD Product Line With Vitastik EU Partner.
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[{"type":"text","content":"\n \n \n VitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement for Our VitaCBD Product Line With Vitastik EU Partner\n \n \nVitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement for Our VitaCBD Product Line With Vitastik EU Partner\n \n BEVERLY HILLS, CA--(Marketwired - Jan 13, 2016) - VitaCig, Inc. (OTC PINK: VTCQ), a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and E-Liquids is pleased to announce it has closed on a lucrative royalty agreement and CBD product distribution, agreement with their European Vitastik Partner, Vapomins Vertriebsgesellschaft mbH.\n Following several months of negotiations, VitaCig U.S., and EU Vitastik Partner, has reached an historic agreement that will entitle VitaCig U.S., to significant royalty payments of up to 25% of all product sales. This agreement will include territories and partners throughout Europe, including UK, Austria, Switzerland, Spain, Italy, covering a population of 745 million people. Spear headed, and managed by Vitastik EU CEO, Johannes Luis. According to this agreement, all product orders from Vitastik EU and their partners will go through a special EU VitaCig account. The term of this agreement runs effective January 1st 2016 - December 21st 2019. Thereafter, the agreement shall be renewed for an additional one-year-term, upon consent of both parties.\n In addition to royalty payments, Vitastik EU will also take an active role in supporting our highly anticipated VitaCig product line relaunch, expected by March 1st, for the U.S. market. Not limited to, a fully mobile responsive, website design, a T.V. commercial, SEO, and Google analytics. This will well position us to experience unprecedented sales growth for 2016 and beyond.\n VitaStik EU CEO Johannes Luis Schmid comments, \"This strategic partnering agreement between US and EU is a huge milestone for both companies. There is strength in numbers. Our goal together, is to unite the brand, and build an empire. Dominate the disposable e-cig space. My team and I have built a solid foundation in 2015. We continue to experience record revenue growth monthly. Our re-order rate of 45%, is at an all-time high. We proj...