$LVGI and Rokin have agreed that LVGI will sell 95% of our stake in Rokin back to them. The sale releases LVGI from an $800,000 future funding commitment, returns back all of the LVGI convertible preferred shares we issued to Rokin Shareholders and removes approximately $1.8 million of Rokin debt from our balance sheet. We estimate the deal produces a profit for LVGI in excess of $1,000,000.
Limitless Venture Group, Inc., announces today it has posted record revenues of $1,589,471 for the 2021 fiscal year, as compared to the then record revenues of $539,230 in 2020, an amazing 195% increase.
Rokin Inc. (Rokin Vapes), a Majority Owned Subsidiary of Limitless Venture Group Inc. (LVGI) Reports Record Revenues for 2021; LVGI Signs LOI with Devmercs to Begin Metaverse Development
$LVGI has signed an LOI to acquire 100% of an Oklahoma operating grow facility with both Indoor and outdoor operations, exclusive to LVGI for 60 days from the signing of the LOI.