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BEVERLY HILLS, CA–(Marketwired – May 17, 2016) – VitaCig, Inc. (OTC PINK: VTCQ) Company, a technology company that is harnessing mobile vaporization technology for medical delivery applications as well as a leader in the development, marketing, and sales of high-end consumer Hemp CBD Oil, Tinctures, Edibles, Concentrates, and E-Liquids (E-Juices), offers a Corporate update to shareholders:
Since the VitaCig official relaunch in December, the company has embarked on an aggressive path toward success and profitability. We would like to take the time to highlight some company achievements and milestones in the last five months.
VitaCig E-Cig Division
Closed a landmark royalty agreement with EU partner and renewed partnership with Korea distributor
Successful relaunch of world famous VitaCig® Vitamin Vaporizer
Launched a new high quality, interactive, e-commerce corporate website to help drive traffic and sales
Closed a partnership agreement with a major Chinese e-cig manufacturer, Surpass International Technology
Appointed e-cig industry expert Glenn Kassel as new CEO
Announced the entrance into the nicotine vaping market by introducing VitaCig® ‘Vita-Juice’ Nicotine Premium E-juice line.
Announced China distribution deal worth $1.3m over three years
Announces the launch of VitaCig18® an all new VitaCig® nicotine disposable product line to capture the other 90% of the e-cig market
Announces all new VitaCig® Succulent Strawberry flavor variety
VitaCig VitaCBD Division:
December VitaCBD™ Division was launched along with three new CBD products
Launched high-end VitaCBD™ Black & Gold Label CBD product line
Added Nirvana Nectar and CBD Gummies to VitaCBD™ Black & Gold Label CBD product line
Launched new high quality VitaCBD e-commerce website www.vitacbd.com
Aligning with one of the top names in the CBD industry to provide consumers with the highest quality CBD products on the market
VitaCBD product line was one of only a few companies to receive product placement in one of the top online CBD e-commerce stores in the nation
Partnered with one of the leaders in Cannabis marketing, MassRoots Inc., to help market and promote VitaCBD™ Black & Gold Label CBD product line to over 212,000 subscribers
Forward Looking:
In April, VitaCig Inc. entered into a marketing agreement with 420PKR, an online gaming platform that was developed strictly for the cannabis industry, which will facilitate product sales and brand awareness for both VitaCBD and VitaCig product lines. 420PKR is set to go live by the end of the month, and a significant cash budget for marketing and advertising has been set aside. This highly anticipated gaming site will draw thousands of cannabis enthusiasts from all over the world, and the strategic marketing agreement is expected to generate significant product sales and brand awareness for VitaCig and VitaCBD™ products.
VitaCig is currently in discussions with a potential partner to run a state wide sales and marketing campaign in Florida for all VitaCig products. VitaCig is also in second round meetings to distribute the VitaCig® disposable line to a 500 store grocery/convenience mega-chain company.
International markets are going to continue to be a major focus for operations, especially in light of recently announced new Federal e-cig regulations. VitaCig is currently in talks with at least five potential international distributors, one of which is a multi-million dollar trading firm. We expect to announce the close of some of these agreements in the next few weeks. VitaCig has also begun the process of expanding its intellectual property on a global basis as it continues to strengthen its brand worldwide.
VitaCig is working with one of the top companies in the CBD industry to co-brand and co-distribute several premium CBD products. The company has a distribution network of over 2000 retail locations and growing and will be the perfect partner to team with for these new product offerings.
Since relaunch, revenues have continued to increase exponentially, and the re-order rate is at an all-time high. Wholesale accounts continue to grow, and the company has increased its cash position, and is the only publicly traded e-cig company that we are aware of that has zero toxic debt or convertible notes.
We appreciate the patience and support of our shareholders, our team is stronger and more focused than ever, and we look forward to more positive news in the near future.
About VitaCig, Inc.
VitaCig, Inc. (OTC PINK: VTCQ) is a technology company harnessing mobile vaporization technology for medical delivery applications. The company owns, manufactures, and distributes the VitaCig®, a nicotine-free device. As well as a leader in the development, marketing, and sale of ultra-pure CBD Oil tinctures, Edibles, and E-Liquids.
The company’s products are sold online at: www.vitacbd.com, www.vitacig.org, or through affiliate websites and select brick and mortar locations.
Safe Harbor Statement
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
Contact:
VitaCig, Inc.
Glenn Kassel
CEO
Glenn@vitacig.org
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