Limitless Venture Group Inc. acquires majority interest in Rokin Inc., proving its' new direction is the correct path
May 12 2020 - 9:00AM
InvestorsHub NewsWire
Tulsa, OK -- May 12, 2020 -- InvestorsHub NewsWire --
Limitless Ventures Group Inc. (OTC
PINK: LVGI) announced today it has signed an agreement and
acquired the majority ownership stake in Nevada based Rokin Inc.
“2020 is the year that Rokin breaks out of its box,” exclaimed
Larry Bauer, CFO of Rokin, " We are excited to be joining with
Limitless Venture Group who can open the doors for Rokin to add
whole new lines of product offerings as well as a chance for the
public to invest in our success. Currently, we support wholesale
distribution to 348 active resellers across 33 States with more on
the horizon in 2020. By word of mouth we now support
international sales in Canada and Central America.
Separately, our website sales include individual customers in over
47 States and territories. Success breeds success. In
December 2019 the Rokin Mini Tank was nominated for Best Innovative
Product at the Cannabis Business Awards in Las Vegas demonstrating
Rokin’s name recognition to the well-established players in this
marketplace. Partnering together with Limitless Venture Group,
Rokin is in a position to have a breakout year!”
“We are very excited to be supported by Limitless
Venture Group as this alliance will provide Rokin the resources it
needs to have a breakout year in 2020. With our new line of
vape batteries, CBD products, and other complementary products
currently in R&D, we expect Rokin to exceed its sales
expectations over the next 3 years”, exclaimed Daryl Bower, CEO of
Rokin
Rokin had 2019 revenues of approx $850,000, and with the
addition of new product lines, including our CBD products
(manufactured by the labs that created Boobeary CBD), an aggressive
marketing campaign along with expanded brick and mortar retail
locations in the east and west coast, LVGI and Rokin expect 2020
revenues to be around 2 million. "This is concrete evidence our new
corporate direction is the correct path and will be profitable for
LVGI, all the companies we bring into our LVGI family, and our
loyal shareholders", states LVGI’s COO, Devon
Diaz.
“This is just the beginning for LVGI.” says Joseph
Francella, CEO of LVGI. “This acquisition will solidify our
ability to raise capital so that we can expand Rokin and focus on
completing our acquisition of KetoSports, Inc.” Additionally, adds
Francella, “ with our planned expansion through acquisitions of a
new company at least quarterly going forward, LVGI plans on having
estimated revenues of 8 million annually by next fiscal
year-end, June 30 2021.”
About Rokin, Inc. - Rokin was founded in 2016 with a
mission to provide our customers with the highest quality,
technology-driven vaping products available while providing
exceptional customer service. Rokin Vapes are rigorously
tested by Rokin and multiple consumer focus groups to ensure the
products meet strict quality standards before any production takes
place. After a product is selected and production complete,
the product is certified to the latest FCC, CE standards (which are
required for all vaping products) but then Rokin goes above
and beyond to certify our vaping products to the latest RoHS
standard, which restricts the use of 6 hazardous materials commonly
found in electronic products.
About Ketopsports, Inc. - Ketosports products flush the
body with ketones, raising blood ketone levels within a few
minutes. Because the body and brain use ketones as its
preferred energy source and are used first for energy demands,
Ketosports products are essential for anyone who wants to prolong
energy reserves for their athletic events or for those who just
want to benefit from carb-free, stimulant-free mental energy and
enhanced acuity.
For additional Info please visit: www.rokinvapes.com , www.ketosports.com , www.lvginc.com
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