Ultra-High Grade CBD (Cannabidiol) Rich Hemp Oil to Target E-Cig & Vape Market - New All Natural-Organic Scientifically Formulated Product Begins Shipping
CORAL SPRINGS, Florida, March 9, 2015 /PRNewswire/ --
The E-Cig - Vapor markets have reached $1.7 billion in total sales annually and is projected to grow to $10 billion in the next 5 years as new biotech and nutraceutical applications focus on E-Liquid & Vaping industries. In particular Cannabidiol Rich Hemp Oil (CBD) oil and CBD infused consumer products initiatives are also projected to continue to help the Marijuana/Cannabis industry expand with the last integrated verticals to present further opportunities. Companies in focus today are: Earth Science Tech, Inc. (OTCQB: ETST), Electronic Cigarettes International Ltd. (OTC: ECIG), mCig(R) Inc. (OTC: MCIG) and Vapor Corp. (NASDAQ: VPCO).
Earth Science Tech, Inc. (OTCQB: ETST) ("ETST" or "the Company"), a unique biotechnology company focused on nutraceuticals, bioceuticals and dietary supplements, announced today that ETST has already shipped and sold its first batch of All Natural Organic "Ultra-High Grade CBD Rich Hemp Oil" scientifically designed to formulate the highest quality and purity E-Liquids for E-Cigs and Vaping. This first batch of "Ultra-High Grade CBD Rich Hemp Oil" will be used to mix and produce the first batch of E-Liquid bottles, a finished product, for E-cigs and Vaporizers. The company is excited to announce another new scientifically formulated ETST product, "Ultra-High Grade CBD Rich Hemp Oil", designed for consumers looking for the world's finest CBD (Cannabidiol) in an E-Liquid for E-Cigs and Vaping and for overall health and wellness. Consumers looking for the highest quality and highest purity "Ultra-High Grade CBD Rich Hemp Oil" in an E-Liquid bottle, need to make sure the bottle has the Earth Science Tech logo and says Earth Science Tech somewhere on the finished product (E-Liquid bottle).
Read the full ETST Press Release at http://www.financialnewsmedia.com/profiles/etst.html
The company is excited to announce the roll-out, sale and shipment of its first batch of "Ultra-High Grade CBD Rich Hemp Oil" to an E-Cig and Vapor storefront located in Beaumont, Texas. This storefront will use the ETST "Ultra-High Grade CBD Rich Hemp Oil" to formulate its very own CBD Rich Hemp Oil flavor E-Liquids for consumers looking to get CBD (Cannabidiol) in the daily diets and for their overall health and wellness. ETST is currently looking to rapidly expand the distribution of its All Natural, Organic and Scientific formulated "Ultra-High Grade CBD Rich Hemp Oil" into many new retail storefronts to be used as the World's Best Cutting Edge oil for formulating Health and Wellness CBD (Cannabidiol) Hemp Oil E-liquids for E-Cigs and Vaping. This new cutting edge "Ultra-High Grade CBD Rich Hemp Oil" is the leading product in the market place for vendors, storefront, retailers, manufacturers, distributors and or companies that are currently in or are looking to emerge in the rapidly growing E-Cig and Vapor industry. ETST has some exciting news on the horizon in regards to this new breakthrough "Ultra-High Grade CBD Rich Hemp Oil". The company plans on updating the market in the near term with many new details on expanding its own ETST brand within the E-Cig and Vaping industry.
According to the Press Release issued by ETST, the E-Cig market is roughly doubling each year: from about $20 million in 2008 to $750 million to $1 billion in 2013 and $2 to $3 billion in 2014. The E-Cig market and sales are expected to hit $10 billion by 2017, according to Wells Fargo, which diligently tracks the E-Cig marketplace. That's still a rather small percentage of the overall $100 billion tobacco industry, but with triple digit growth rates still in its future, E-Cigs have the potential to ultimately exceed tobacco sales. Obviously the big tobacco companies understand this and it's why they've aggressively gone into the E-Cig marketplace recently buying up smaller E-Cig and Vaping companies. Lorillard (NYSE: LO) was one of the first to identify the potential of the E-Cig market and therefore they bought out Blu ECig for $135 million in 2012 as well as SkyCig for $48.6 million in 2013. Reynolds American (NYSE: RAI) introduced its VUSE brand into marketplace not too long ago and announced it sees its E-Cig launch as a game changer. Well it seems they were right because Reynolds' VUSE E-Cig is now available in 100K retail outlets nationwide. 100 Billion dollar giant Altria (NYSE: MO), which controls a about 50% of the tobacco market, released its MarkTen E-Cig brand and just purchased Green Smoke for $110 million.
Electronic Cigarettes International Ltd. (OTCQB: ECIG), a global marketer and distributor of electronic cigarette and vapor products whose brands include FIN, Vapestick, Victory, VIP, and others, recently announced that it has introduced its FIN Advanced Vaping System® to more than 1,200 Murphy locations in 23 states. Murphy had previously carried legacy FIN products in approximately 50% of its locations. Additionally, ECIG showcased the FIN line of vaping products at Murphy's Annual National Managers Meeting, January 18-20 in Orlando. The Advanced Vaping System from FIN® is the first of its kind in vaping, and is the only vaping system that comes with pre-filled V-tanks, avoiding the hassle, mess and risk of filling standard vaping systems with open e-liquids. The system also comes with a larger universally compatible battery that provides greater vapor production relative to traditional vaping products and an 'all-day vape.' Not only is it an easier and more convenient alternative to other vaping systems, it provides both retailers and consumers the confidence and consistency eliminating any perceived concerns about handling open e-liquids.
mCig(R) Inc. (OTCQB: MCIG), a leading provider of technologies and solutions for the legal medical and recreational marijuana industry, is proud to announce a record initial CBD product order worth more than $1.2 million. mCig, Inc. also announces that it is finalizing a nationwide wholesale agreement with two large national distributors to supply these high-demand CBD products to more than 1,000 retail store locations.
Vapor Corp. (NASDAQ: VPCO), a U.S. based distributor and retailer of vaporizers, e-liquids, and electronic cigarettes, and Vaporin, Inc. (OTC: VAPO) recently announced the completion of a previously announced merger of the two companies. Per the terms of the agreement, Vapor issued 13,591,549 shares of common stock to Vaporin shareholders, assumed Vaporin's restricted stock units and warrants and simultaneously completed a $3.5 million equity financing in conjunction with the closing of the transaction. "This merger brings together a number of operating strengths that we expect to leverage to drive growth, including a national distribution network, expanded retail operations and management teams with a proven record of success," stated Jeffrey Holman, Chief Executive Officer of Vapor Corp, who will lead the new company.
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