VPOR Subsidiary, Royal CBD, Launches Consumer E-commerce Website to Sell Extensive Line of High Quality CBD Products
Forbes Estimates CBD Market at $2.1 to $3 Billion by 2020
MIAMI, July 18, 2018 /PRNewswire/ --
Vapor Group, Inc. (OTC Pink: VPOR), ('Company' or 'Vapor Group'), announced today that its wholly-owned subsidiary, Royal CBD, Inc., has launched its new website at http://www.royal-cbd.com with an extensive line of over 30 high quality CBD oil products, including vapes, oils, creams, edibles and a specialized line for pets. All the products contain CBD derived from U.S.-sourced hemp and many are offered in a range of CBD oil concentrations to meet varying consumer needs and tastes.
FORBES has said that the CBD market could grow to $2.1 to $3 Billion by 2020. https://www.forbes.com/sites/debraborchardt/2016/12/12/the-cannabis-market-that-could-grow-700-by-2020/#66305684be1e
Yaniv Nahon, President of the Company, said, "Cannabidiol (CBD) is the part of the cannabis plant that doesn't get you 'high' like the THC side of the plant and is typically used for health reasons instead of for recreational purposes. The CBD products are either derived from industrial hemp plants or marijuana plants."
The Hemp Business Journal stated: "The U.S. Hemp Industry grows to $820mm in sales in 2017; The total sales for the U.S. Hemp Industry in 2017 were $820mm. $190mm were for Hemp-Derived CBD products, $181mm were for personal care products and $137mm were for hemp food products. Food sales were led by the Snack Food category and Industrial Product sales were led by the Automotive category." https://www.hempbizjournal.com/size-of-us-hemp-industry-2017/
Nahon continued: "Our plan is to sell online direct to our customers which will enable us to aggressively price our products below competition. The U.S. CBD marketplace continues to grow rapidly, and we intend to rapidly grow with it and generate significant revenues for our Company."
Nahon continued: "FORBES says the CBD or cannabidiol market could grow &700% by 2020 as more people turn to these products for health improvements. We want to be on the front of the wave in the rapidly growing CBD market arena and we believe that's just what this deal does for the Company and our shareholders. We have been working for some time on launching our own line of what we believe are exceptional high quality, hemp-derived CBD products. The line is extensive in its selection and very affordably priced for the average consumer." https://www.facebook.com/forbes/posts/10154841517757509
About Vapor Group, Inc.
Vapor Group, http://www.vaporgroup.com, is a publicly traded OTC company, trading under the symbol, VPOR, and today is a holding company for several subsidiaries.
CryptoTechCurrency, Inc., a wholly-owned subsidiary, specializes in cryptocurrency mining on a 24/7 basis of digital currencies such as Bitcoin, Litecoin and others.
Vapor Group also owns Vapor 123, Inc., an e-cigarette, vaporizer and e-liquid company.
If you have specific questions about the Company, please email us at[email protected].
If you have questions about the Company's wholly owned subsidiary, Royal CBD, Inc., please visit us at [email protected]
Safe Harbor Statement:
This release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words 'estimate', 'project', 'intend', 'forecast', 'anticipate', 'plan', 'planning', 'expect', 'believe', 'likely', 'should', 'could', 'would', 'may' or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
Contact:
Vapor Group, Inc.
+954-883-9525
SOURCE Vapor Group, Inc.
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