New Venture Progressing Ahead of
Schedule.
CARLSBAD, CA -- May 09, 2017 -- InvestorsHub NewsWire -- V
Group, Inc. (OTC
Pink Sheets: VGID) is excited to release details pertaining its
exciting new CBD beverage venture.
The Company, along with its partner, Michael Boris has
officially birthed a new entity. This new entity now has a
Corporate name of Leaf of Faith.
Leaf of Faith, a subsidiary of V Group, Inc. has been formed to
create the best in CBD and THC beverages. As reported in previous
announcements, the first product in the portfolio for Leaf of Faith
will be a CBD beverage called Patience. Patience will be initially
offered in 2 unique flavors with colorful comic- like labels that
will appeal to a broad audience. More flavors are scheduled for
later in the year. The initial production run of Patience is
scheduled to be produced and sold by the end of May at an industry
event in Southern California.
The product, offered in a proprietary 16 oz. bottle will retail
between $4.00 and $5.00 per unit. The Company is preparing to sell
5,000 units in the product's debut. The Company is expecting to
generate $20,000.00 to $25,000.00 in revenue in the initial launch.
The profit margin is expected to be roughly 45% allowing for rapid
growth and expansion. The products will be sold at live events
exclusively at first. This will allow The Company to control sales
of the products, selling directly to the consumer (increasing
profit margin), establish a strong following and create solid
revenue before retaining third party distribution. It is the belief
that Patience and Leaf of Faith will quickly become the leader in
the category and will be well positioned when the category becomes
main-stream.
V Group, Inc. and its shareholders will own and control 55% of
Leaf of Faith and Mr. Boris's group will control 25% of the initial
equity. There will be 20% of the equity that will remain unassigned
and in reserve for future acquisitions. Leaf of Faith will be
actively searching to acquire a CBD and THC edible company with
revenue and distribution for the purpose of rounding out the
portfolio of the new entity.
All financial reports, which will be included on V Groups
quarterly reports, will be audited. As indicated by the Company
previously, it is the purpose of all parties to position Leaf of
Faith for a spin-off IPO in the second quarter of 2018. V Group,
Inc. has not yet determined a date of record for shareholders to
participate in the Leaf of Faith IPO. This will be determined and
announced at a later date. V Group, Inc. is continuing to work on
other incubation projects and will be announcing progress as
warranted.
V Group, Inc. would also like to announce that the first quarter
financial report in completed and will be posted on OTC Markets on
or before May 15, 2017. Although the Company was expecting a slight
dip in revenue due to a slowdown in distribution, the Company is
proud to announce that revenues remained stronger than expected and
increased year over year.
More information will be released to the public, with the
intension of keeping shareholders informed as soon as it is
available. The management of V Group, Inc. would like to thank its
Shareholders, Partners, Vendors and customers.
V Group, Inc.
Contact: info@anddrinks.com
Web Sight: www.anddrinks.com
Phone: (760) 613-8828