$LVGI announced today that it has signed a settlement agreement with its largest unsecured creditor that eliminates $0.8 million in principal and interest owed for a convertible note. The agreement fully eliminates the Companys obligation under the convertible note without requiring any issuance of Company shares or a cash payment.
$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.
TULSA,OK / November 10, 2022 / Limitless Venture Group, Inc. (OTCPINK:LVGI) ("LVGI" or the "Company") is pleased to announce today that it has signed an agreement with its senior secured lender to rebrand, remarket and expand the KetoSports company.
LVGI announced today that it has signed an agreement with G-Venture Group, LLC., a company which specializes in e-commerce store management services, to create an e-commerce store to be hosted on Amazon, Facebook Market, and our own Shopify store to list and sell the highest volume products with the greatest profitmargins on these platforms.
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.
Limitless Venture Group, Inc. is pleased to announce today that its subsidiary Rokin, Inc. ("Rokin") will be an exhibiter at the Champs trade show being held July 27th- 30that the Las Vegas Convention Center.