Limitless Venture Group, Inc. and subsidiary Rokin Inc. solidify plans to make Rokin Vapes the industry leader in the projected 26.52 Billion Dollar Cannabis and CBD vaporizer markets.
TULSA, OK / ACCESSWIRE /October 14, 2021 / Limitless Venture Group, Inc. (OTC PINK: LVGI) ("LVGI" or the "Company"), a publicly traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth, is pleased to announce today that it has made a strategic commitment to fund its fast growing subsidiary Rokin, Inc. ("Rokin") for the next four years with a $200,000 injection of capital and a further commitment of $800,000 over the next four years.
"We are just so happy to be working with such an exceptional team of business professionals at Rokin. For the last couple of months, the Rokin team and I have been developing a very detailed 2-year forecast, projecting a realistic growth path that will begin to provide significant revenue sharing for LVGI within the next 12 months and annual revenues at around $3 Million by end of 2022. Rokin has been doing an incredible job of building a trusted brand in the cannabis and CBD market place which will provide an incredible opportunity for expansion in the near future. We look forward to working with Rokin not only to help with their continued growth, but also to assist LVGI with its acquisition strategies." exclaimed Devon Diaz, COO of Limitless Venture Group, Inc.
"We are very pleased to be deepening our relationship with Limitless Venture Group," said Daryl Bauer, CEO, Rokin. "This capital infusion represents a strong vote of confidence in our products and our plan. With this infusion, Rokin will be able to launch its newest product innovations that were in development and expand its product category offering to customers. This Diversification of our product lines will broaden our current market share and further solidify Rokin's continued path to becoming the industry leader in Hemp, CBD and Cannabis vape technology.
Joseph Francella, CEO of Limitless Venture Group, Inc., commented: "We are pleased to be deepening our financial commitment to Rokin. We expect these capital injections will help the Company achieve $10 million in annual sales with approximately $1 million in net profit dollars for LVGI by the end of the 4th year, with a cumulative $27 Million Dollars in total sales for the 4 year period and around 3 Million in net revenue for LVGI ". Mr. Francella further stated " I have been in extensive discussions with our Institutional Investor and they have advanced us funds totaling more than our original convertible note of $750,000, proving their belief in LVGI, its' management team and the willingness to fund our growth into the future ".
According to Transparency Market Research's latest research report on the global cannabis vaporizers market for the historical period of 2017-2019 and the forecast period of 2021-2031, rapid increase in the usage of vaporizers in regions such as North America is providing lucrative opportunities for the global cannabis vaporizers market. Legalization of cannabis in many countries is also fueling the cannabis vaporizers market growth, especially in developing regions. In terms of revenue, the global cannabis vaporizers market is expected to reach the value of US $26.52 Bn by 2031, expanding at a CAGR of 14.1% during the forecast period.
About Limitless Venture Group, Inc.
Limitless Venture Group provides its shareholders with access to leading small and medium-sized businesses focused on growth. Leveraging its permanent capital base, disciplined long-term approach, and actionable expertise, LVGI owns controlling interests in its subsidiaries as it partners with management teams to build businesses with the capacity to unlock significant value for its shareholders.
For more information, please visit: www.lvginc.com.
The Company currently has three primary subsidiaries: Jasper Benefit Solutions, LLC, Rokin, Inc., and KetoSports, Inc.
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 with headquarters just outside Nashville, TN, is a Managing General Underwriter (MGU) specializing in risk management services for small to medium self-funded employer "Groups". MGUs, unlike general agents within insurance industries, are certified to underwrite health and life benefits policies on behalf of their carrier-partners. Jasper's niche is the unique ability and authorization from a well-known, nationally recognized insurance carrier to underwrite Groups as small as five (5) employees as well as offering limited benefit insured products for groups with part-time employees not able to participate in their health plans. www.jasperbenefitsolutions.com
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 six hazardous materials commonly found in electronic products. www.rokinvapes.com
About KetoSports, 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.
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Disclaimer Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.