The initial 5,000 unit order was received from a Colorado dispensary with 4 stores. Fortitude's cost to manufacture each VaporVites unit is $29.00 . The wholesale cost to the dispensary is $89 or a profit per unit of $60.00 representing $300,000.00 profit for this initial order. Under the terms of the agreement, the dispensary paid a 25% deposit for the initial order with the balance to be paid upon product delivery. The estimated delivery time to the dispensary is April 20, 2014 . The dispensary has an option to purchase an additional 25,000 units within the next 3 months at a 10% discounted wholesale price or $80.10 per unit.
To date the company has received over 15,000 individual orders for the VaporVites herb vaporizing system. This number includes the initial 5,000 order the company received April 8th. The initial 5,000 order will be fulfilled the first week of June with the remaining 10,000 units completing fulfillment mid-June. The initial deposit for the combined 15,000 units has been received by the company and the outstanding balance will be paid to the company COD upon receipt of the VaporVites delivery by the purchaser. The company has also announced that they have a backlog of over an additional 43,000 orders for the VaporVites system which they plan to fulfill in July. !! "This partnership is the first of many that will monetize our recently acquired database. For each app that is downloaded, we will receive an initial payment of $5.00 and a residual monthly payment of $1.72 for active accounts. Our test campaigns have returned an average of 8%, which is far better than industry results of 2%. Our tests were conducted with 100,000 database opt-in users and we achieved 8% or 8,000 newly acquired app users by sending to the same 100,000 users 2(x) daily for 3 consecutive days. Our goal is to achieve no less than 500,000 downloads before the end of 2014."
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