Vapor Group Inc OTCMKTS: VPOR is a publicly-traded OTC company, trading under the symbol VPOR, today is a holding company with its principal operating subsidiary being VPOR, Inc. Vapor Group provides only premium bulk CBD products made from 100 percent industrialized organic hemp that is produced by top growers in the U.S. from states like Kentucky, Colorado, and Oregon. The Company works directly with B2B businesses in the sector to stay up-to-the-minute on the latest consumer trends in the category.
Vapor Group Inc OTCMKTS: VPOR secured a $210,000 purchase order for bulk CBD isolate from industry leader Diamond CBD, Inc., a wholly-owned subsidiary of PotNetwork Holdings, Inc. (OTC Pink: POTN). The deal, which is VPOR’s largest single order to-date, comes on the heels of a hugely successful April which saw the Company follow-up on their corporate restructuring initiative with nearly $300,000 worth of orders for the month.
In total, new orders have brought the Company to over $500,000 in just a few months, with the current deal continuing to establish VPOR as one of the premier providers of high-quality CBD isolate to the sector.
POTN is one of the dominant companies in the CBD industry, having recently reported year-end audited revenues of $25,583,761 for fiscal year 2018, an increase of 78 percent from the previous year. Their wholly-owned subsidiary, Diamond CBD, continues to be one of the most innovative retail and wholesale companies on the market today, offering consumers popular lines of CBD oils, edibles, creams, and more.
“We’re excited to be working with Diamond CBD, one of the better-known consumer brands in the CBD space,” said Vapor Group President and CEO David Zinger. “It’s proof-positive to both the industry and our shareholders that our plan is working, and that Vapor Group is quickly becoming a go-to leader in the CBD sector.”
CBD is gaining wider acceptance among mainstream Americans, especially in the heartland where recently Texas voted to allow farmers to grow industrial hemp. Entrepreneurs and established large chain retailers are embracing the CBD industry as well, as business owners begin to reflect on surveys that suggest that close to 7 percent of Americans currently use CBD, a figure that is expected to increase to as much as 10 percent or 25 million people by 2025. As a result, investment firm Cowen forecasts that sales of CBD consumer products in the U.S. could conservatively reach $16 billion by that year.
Vapor Group Inc OTCMKTS: VPOR On 29 April, 2019 recently took delivery on 50 kg of pure CBD isolate from industrial hemp pioneer, GenCanna Global, Inc. (“GenCanna”), a 2014 inaugural member of the Kentucky Department of Agriculture’s Industrial Hemp Pilot Program. The new batch of isolate offers businesses in the industry the opportunity to buy 99.8 percent pure CBD isolate from an FDA registered and inspected, food grade, “Good Manufacturing Practices” (GMP) compliant Kentucky facility, located in the emerging heartland for hemp production in the United States.
GenCanna was founded with the mission of championing the world’s leading hemp genetics, CBD formulations, and “groundbreaking legislation.” A former tobacco farm, GenCanna’s Research Campus now focuses on the latest breakthroughs in both the research and commercialization of the hemp plant, including processing methods and product development. With 71 percent of consumers using CBD in lieu of over-the-counter pain medication in one form or another, research and purity will lead the race to the top of the industry.
“We’re thrilled to be working with GenCanna, one of the premier hemp manufacturers in the country in terms of process and production,” said Vapor Group President and CEO David Zinger. “With the abundance of businesses cropping up in this industry, quality is what’s going to separate the winners from the losers, and no name is more synonymous with quality in the CBD market than GenCanna.”