is...(put something here)I am not a professional. My tweets are for entertainment purposes only. Do your own DD!!!
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We know, on one their products, under a certain criteria, whether wholesale, retail, they will
receive 25% royalty rate.
And they only have two products.
Let's say on the other product they
recieve, on the low end, 10% royalty.
That's an average of 17%.
17% of $3.5M is $595k
You want to go lower?
Let's say the lowest royalty rate is
5%.
The average royalty rate would be 12%
And still bring them $450k
That's not chump change.
They called this a lucrative agreement.
And called for a record year, based on
this one deal.
Throwing out 1%, is baseless and illogical.
Let's address this 1% theory, as well as
Korea.
Why would they spend months negotiating
a royalty agreement for 1%?
That isn't even logical, lol.
In the English language, up to 25%, means,
for one of their products, they will receive
25%.
It's not rocket science.
AND THEY ONLY HAVE TWO PRODUCTS!
How do you go from 25%, to 1%?
Lastly, this was a P.R. specific to
Europe.
Just because they didn't mention their
other partners like Korea, Australia, Japan,
doesn't mean they aren't actively negotiating
the terms of those partnerships as well.
Matter of fact, if you read the P.R., it
says,
Quote,
"The EU Partner agreement is part of a comprehensive effort by the company to lock-in international distribution and royalty agreements."
&
"This Distribution Agreement is one of several, expected to be announced over the next few months"
The truth makes more sense.
Let's look at this logically.
Why would they spend months negotiating
a royalty agreement for 1%?
That isn't even logical, lol.
In the English language, up to 25%, means,
for one of their products, they will receive
25%.
It's not rocket science.
AND THEY ONLY HAVE TWO PRODUCTS!
How do you go from 25%, to 1%?
You only assume, they are somehow being
misleading.
Providing no evidence as usual.
Lastly, this was a P.R. specific to
Europe.
Just because they didn't mention their
other partners like Korea, Australia, Japan,
doesn't mean they aren't actively negotiating
the terms of those partnerships as well.
Matter of fact, if you read the P.R., it
says,
Quote,
"The EU Partner agreement is part of a comprehensive effort by the company to lock-in international distribution and royalty agreements."
&
"This Distribution Agreement is one of several, expected to be announced over the next few months"
The truth makes more sense.
I disagree that Cbd is completely saturated.
I think it is definitely heading there.
For some vape/health shops, still tabboo.
I'll give them another pass this Quarter.
But, with this agreement, there is no way
revenues won't start climbing.
Even on 5% royalty on $4M is $200k.
I mean they only generated $12k last Quarter.
The VitaCig relaunch should spark some
interest next month as well.
Not sure how you add a new Division, new
products, enter into a strong royalty
agreement, and think the stock should be
any lower.
It traded as high as .08 following the
spin off.
And traded between .025 .035 for most of year.
The market as a whole is bearish.
Only time will tell.
No matter what the stock does, no shareholder
should be disappointed on what the company
announced today.
It's a piece of the puzzle we were all
hoping to hear word about.
Excited about the company, but agree, the stock
price action could of been better.
And, it will be.
Quote,
"Anticipate" Often Results In Premature Action LOL
Really?
Care to prove that point?
Good rhetoric, but, baseless statement.
Is it opposite day?
The news was absolutely substantive.
Shareholders have been waiting on news like this
since, forever, lol.
Great job Paul!
Germany first year, $4m, what will they do the year after
that, etc,,
We will be receiving royalties for at least four years.
The revenues on this alone will enable VitaCig to see
historic revenue growth.
Is that fluff?
Vitastik Japan Baby!!!
Love it!
VitaCig taking over the world:
Lol, I love it.
First, it was, we get nothing from international sales.
Then, we were supposedly locked into bad contracts for 3-5 years.
Now Korea is your smoking gun, lol.
I guess you forgot to read the P.R.,
Quote,
"The EU Partner agreement is part of a comprehensive effort by the company to lock-in international distribution and royalty agreements."
&
"This Distribution Agreement is one of several, expected to be announced over the next few months"
How do you know Korea isn't next?
Up to 25%, does not mean 1%.
It may mean that Germany has several different products.
And the percentage on each is different product sale is different.
Or, different percent on retail, vs. wholesale.
No matter how you slice this deal, on $4m in revenue, it will
easily add up to more than $12k.
That''s progress!!!
Typical flush, watch the power move coming up!
VitaCig is so undervalued compared to most penny dumps
it is not even funny.
No toxic debt, dilution, global selling products.
Amazing news today.
It's go time!!!
Low Float Folks, This Is Going To Soar!!!
Huh?
You claimed they got nothing, lol.
And was stuck in some bad, 3-5 contract, lol.
How does up to 25%, equal, 1%, lol.
The " initial ", product order is expected to be around $200k.
As far as Korea, and other partners, it specifically says
similar deals are expected to be announced.
Nice!!!
Go VCTCQ$$$
Huh?
You claimed they got nothing, lol.
And was stuck in some bad, 3-5 contract, lol.
How does up to 25%, equal, 1%, lol.
The " initial ", product order is expected to be around $200k.
As far as Korea, and other partners, it specifically says
similar deals are expected to be announced.
Nice!!!
Go VCTCQ$$$
Congrats Folks, We Just Hit Paydirt!!!
This is no fluff, this is the real deal.
Epic$$$
GO VTCQ!
There also goes the theory that VitaCig/Vitastik product
won't sell.
Quote,
" We project to record $3.5m - $4m in revenues by year end. "
Wow!!!
Goes to show it's not the product, it's the people and process.
Looks like VitaCig U.S. will be modeled after Germany.
That is awesome news!
This is the best news yet.
Revenues just jumped from, $12k, to $100's of thousands.
That is Huge!!!!!!!!!!
This puts to rest the idea that " VitaCig gets nothing " , lol,
from international partners.
We are talking, potential .03 - .05 off this news.
You were saying, lol?
Kaboooooooooooooooom:
VitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement For Our VitaCBD™ Product Line With Vitastik EU Partner
BEVERLY HILLS, CA--(Marketwired - January 13, 2016OTCPINK: 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.
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.
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.
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 project to record $3.5m - $4m in revenues by year end. I look forward to contribute what has been working for us, and infuse into the U.S. market. I look forward to many years working together.”
VitaCig CEO Paul Rosenberg adds, “This royalty agreement demonstrates the dynamism and value of our VitaCig brand. There is truly no other product like it on the market, and continues to see tremendous success abroad. The EU Partner agreement is part of a comprehensive effort by the company to lock-in international distribution and royalty agreements. Our vision and strategy for VitaCig is simple and clear. Dominate both the e-cig disposable, and CBD markets, on a global scale. I want to again, thank our shareholders for their patience as we continue the aggressive pursuit in reorganizing and relaunching our company and brand. I promised that shareholder value would be my top priority, and I hope this royalty agreement demonstrates the company’s commitment toward that end. Due in part to the transaction with Vitastik EU, we anticipate record revenues and record adjusted profit for full-year 2016.”
We are also pleased to announce, the signing of an extensive Distribution Agreement with Vitastik EU, to distribute VitaCig and mCig, Inc. (OTCQB: MCIG), whole host of ultra-pure, quality, CBD products (vitacbd.com), to their established customer and follower base, via e-commerce. This agreement also extends to all Vitastik EU partners, including partners in UK, Spain, Switzerland, and Austria. The CBD industry in Europe is seeing tremendous growth as consumers and media reports continue to highlight CBD’s medical potential. Both parties anticipate, the initial product order, to be no less than $200k.
"This is an important day for the company and for our shareholders, as this distribution agreement will help introduce our VitaCBD™ brand and line of products, to our Vitastik EU Partners sizable customer and follower base, as well as the European market as a whole. The integration of our VitaCBD™ health products under the EU Vitastik brand will be seamless and we expect our CBD related products to be wholeheartedly embraced by EU Vitastik customers, just as they have here in the U.S. This agreement will provide a tremendous revenue opportunity for VitaCig U.S., Vitastik EU, and all their partners. This Distribution Agreement is one of several, expected to be announced over the next few months, said Paul Rosenberg, Chief Executive Officer of VitaCig.
You were saying, lol.
Kaboooooooooooooooom:
VitaCig Executes Landmark Royalty Agreement, Signs Lucrative Distribution Agreement For Our VitaCBD™ Product Line With Vitastik EU Partner
BEVERLY HILLS, CA--(Marketwired - January 13, 2016OTCPINK: 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.
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.
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.
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 project to record $3.5m - $4m in revenues by year end. I look forward to contribute what has been working for us, and infuse into the U.S. market. I look forward to many years working together.”
VitaCig CEO Paul Rosenberg adds, “This royalty agreement demonstrates the dynamism and value of our VitaCig brand. There is truly no other product like it on the market, and continues to see tremendous success abroad. The EU Partner agreement is part of a comprehensive effort by the company to lock-in international distribution and royalty agreements. Our vision and strategy for VitaCig is simple and clear. Dominate both the e-cig disposable, and CBD markets, on a global scale. I want to again, thank our shareholders for their patience as we continue the aggressive pursuit in reorganizing and relaunching our company and brand. I promised that shareholder value would be my top priority, and I hope this royalty agreement demonstrates the company’s commitment toward that end. Due in part to the transaction with Vitastik EU, we anticipate record revenues and record adjusted profit for full-year 2016.”
We are also pleased to announce, the signing of an extensive Distribution Agreement with Vitastik EU, to distribute VitaCig and mCig, Inc. (OTCQB: MCIG), whole host of ultra-pure, quality, CBD products (vitacbd.com), to their established customer and follower base, via e-commerce. This agreement also extends to all Vitastik EU partners, including partners in UK, Spain, Switzerland, and Austria. The CBD industry in Europe is seeing tremendous growth as consumers and media reports continue to highlight CBD’s medical potential. Both parties anticipate, the initial product order, to be no less than $200k.
"This is an important day for the company and for our shareholders, as this distribution agreement will help introduce our VitaCBD™ brand and line of products, to our Vitastik EU Partners sizable customer and follower base, as well as the European market as a whole. The integration of our VitaCBD™ health products under the EU Vitastik brand will be seamless and we expect our CBD related products to be wholeheartedly embraced by EU Vitastik customers, just as they have here in the U.S. This agreement will provide a tremendous revenue opportunity for VitaCig U.S., Vitastik EU, and all their partners. This Distribution Agreement is one of several, expected to be announced over the next few months, said Paul Rosenberg, Chief Executive Officer of VitaCig.
Apparently something going on with Europe:
https://www.instagram.com/p/BAdSs2bA21E/?tagged=vitastik
MCIG Facebook also mentions something about some EU:
" Welcome Vitastik EU To The mCig/VitaCig Family! "
https://www.facebook.com/mCigInc/photos/a.682526571758332.1073741829.593775100633480/1159931254017859/?type=3&theater
Interesting!
Anyone see this post from Instagram
from after hours:
http://iconosquare.com/p/1161166525860900164_1798235218
Anyone see this Instagram post from
after hours:
http://iconosquare.com/p/1161166525860900164_1798235218
Nice to see independent distributors for VitaCig's cbd tincture
line:
http://thehempoilbenefits.com/sasproduct/vitacbd-500mg
Also nice to see VitaCbd tinctures starting to show up
in vape shops.
Looks like a new product to the store and available soon:
http://www.noveltychoice.com/vitacbd350mg/
Vitastik Retail Store Coming To A City Near You!
https://scontent-lga3-1.xx.fbcdn.net/hphotos-xft1/v/t1.0-0/p180x540/11178212_648259415309018_5654419655921799273_n.jpg?oh=d35e7c83934abbaa9231ce7d975eaa98&oe=56DDEA19
Vitastik a Global Phenom: https://www.instagram.com/explore/tags/vitastik/
Right, companies that have no toxic debt,
dilution, with a kick ass product line,
suck.
Lol, I'd say VitaCig is one of the best
sleeper plays out there.
And is sure to be a bullseye for any
investor.
Nice!
Go VTCQ$$$
Lol
Prolly, lol?
Pool the wool, lol?
Uh, hello, obviously the quiet period is over.
Operations are in full swing.
Apart from the relaunch next month, VitaCig has a new
Cbd Division, with three new products.
Yep, VitaCig must be Gold Mine, with so many people interested
in using their time to bash the stock.
They want in, but even lower, who can blame them.
Go VTCQ$$$
Quote,
" Execs are still getting paid "
What execs, lol?
What payments?
Longs should be ecstatic. Just as I am.
The company was in a quiet period for almost a year.
As well as company operations.
VitaCig quiet period is over.
Since then, the company has released three P.R.'s, one
joint P.R.
VitaCig has added a Cbd Division, with three brand new
products.
VitaCig is in the process of being relaunched:
https://www.facebook.com/mCigInc/photos/a.682526571758332.1073741829.593775100633480/1158033267540991/?type=3&theater
Not sure what else we can ask for at this point.
With no toxic debt or dilution, time is on our side.
Patience will be rewarded.
Actually, it doesn't say it all.
There is a context for why their revenues
was low.
The company was on the heels of new ownership.
So, apart from organic sales, Paul put sales,
operations on hold.
Now one doesn't have to like the truth, but,
it is the truth nonetheless.
Again, since you are making a claim for
3 - 5 year contracts, could you provide a
source, link, evidence to support your claim?
$86k loss, lol, that's it?
Most otc companies losses are in the
millions.
Statements of 3 - 5 year, bad contracts.
Out of curiosity, could you provide links,
or sources to prove either statement?
TIA
Lol, please provide proof that, no one
signs a one year contract?
By the way, since you were the one who
first made speculative statments about
these contracts, the burden of proof is
on you, to prove your position.
Not me, or Les.
Yes, thanks Les.
Out of curiosity, how do you know what
the international contracts look like?
Where are you getting this
" prolly 3-5 years ", from?
How do you know how negotiations are
going right now with some of these
international distributors?
Since a public company, when exactly
did the company start selling in the U.S.?
That's what I thought, lol.
Tell that to Vitastik Germany, who will
do almost $2m +, in sales this year.
VitaCig isn't the typical cigalike.
It is marketed as a vitamin supplement
vaporizer.
The health and nutrition industry is a
multi-billion industry.
It's all how you market it.
Case in point, Vitastik Germany.
As a lifestyle, fashion accessory.
A healthy way to smoke.
It's not the product, it's the people
and process.
Paul is fixing that as we speak.
If it was a dead end, Paul would just
scrap the whole thing, and focus all
he attention on Cbd.
But, Paul is relaunching the product and
brand.
So, pretty excited where things are going
right now.
Nice!
Our VitaCbd Tincture Oil selling international.
Germany baby!!!
http://www.irierebel.com/cannabis-cbd-%C3%B6l-shop/
What pictures are you talking about?
There are no Vitastik pics up on the website, lol.
VitaCig, as a separate public company, is a little over a
year old, just coming out a quiet period.
I think a little patience is in order.
The books are clean, no toxic debt, dilution.
They have yet to try and sell product in the U.S.
That's soon to change!!!
I expect full relaunch by start of their next Quarter, beginning
March 1st.
Going to be epic!!!
Please provide links or sources to prove that VitaCig is,
"stuck with a lousy contract with international business
partners. "
And why you think these contracts maybe locked in for
" 3-5 years "?
Links, sources, proof, evidence, anything?
How do you know, as according to their P.R.'s, they
aren't currently negotiating some of these contracts?
Quote,
" And....it'll be interesting if MCIG will also have a smoking cessation program by early Feb 2016. "
#7612
Quote,
Where is the smoking cessation program?
#7565
Quote,
a smoking cessation program
#7591
Point is, the company has never stated they plan on releasing
such a program.
They don't need such a program.
Case in point, Germany is generating $1m+ in revenues without it.
But, by all means, keep bringing it up.