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GVCL Ventures, Inc. dba Global Vision Cannabis Life, enters into a License agreement with Vapor Systems Corp.
GVCL Ventures, Inc. dba Global Vision Cannabis Life, enters into a License agreement with Vapor Systems Corp..
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[{"type":"text","content":"\n\n\n\nGVCL Ventures, Inc. dba Global Vision Cannabis Life, enters into a License agreement with Vapor Systems Corp.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGVCL Ventures, Inc. dba Global Vision Cannabis Life, enters into a License agreement with Vapor Systems Corp.\nPR Newswire\nPOMPANO BEACH, Fla., May 22, 2017\n\n\n\nPOMPANO BEACH, Fla., May 22, 2017 /PRNewswire/ -- GVCL Ventures, Inc. (the \"Company\") dba Global Vision Cannabis Life (OTC:GVCL), today announced the Company has entered into a business and license agreement with Vapor Systems Corp. (VSC) (www.vaporsystemscorp.com).  VSC is a leader in the new wave of products for consuming medical marijuana, cannabinoids, hemp and even alcohol in the form of Vapor Systems proprietary delivery system, thereby allowing for a safer consumption alternative. Like tobacco, marijuana smoke contains toxins that are known to be hazardous to the respiratory system. VSC cannabis and alcohol vaporizers are designed to let users inhale cannabinoids while avoiding the harmful toxins as well as inhaling alcohol without the traditional assault on the internal organs and calories consumed. \n\nBIS Research estimates that the global electronic cigarette industry will exhibit a growth of over 22.36% (CAGR) from 2015 to 2025, to reach a total market value of $50 Billion by 2025 as per its updated report.\n\nThe license agreement covers the sale of all of VSC's products for North America and Mexico, has a term of two years with a yearly renewal option, as well as an option to buy Vapor Systems Corp.  GVCL will issue ten million restricted common shares and provide marketing support through its wholly owned subsidiary, GVCL Marketing Corp. VSC will manufacture and market all products, oversee production and manage the day to day operations of the venture. It will also provide its resources, management and internet presence. The license agreement provides for GVCL deriving total sales of the VSC products and providing VSC with a 15% royalty of gross sales.\n\nGerald Neziol, President of the Company, states, ...