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Limitless Venture Group, Inc. (LVGI) announced a partnership with G-Venture Group to launch e-commerce stores on Amazon, Facebook Market, and Shopify. This initiative aims to tap into high-volume products with strong profit margins.
With plans for four stores over three years, LVGI estimates potential revenues of $5.5 million and nearly $1 million in EBITDA. The acquisition is fully financed by LVGI's CEO, Joseph Francella, without shareholder dilution. This venture capitalizes on the growing e-commerce market, where Amazon's share has risen to 50%.
Limitless Venture Group (OTC PINK:LVGI) announced a remarkable 195% increase in revenues for the fiscal year 2021, achieving $1,589,471 compared to $539,230 in 2020. CEO Joseph Francella credited innovative product development by Rokin Management for this success. Looking ahead, LVGI plans expansion into new sectors, notably Medical Marijuana and the Metaverse, with ongoing negotiations to acquire a cannabis facility in Oklahoma and develop virtual properties. The company remains committed to sharing updates with shareholders as progress unfolds.
Limitless Venture Group, Inc. (LVGI) announced an amendment to its Senior Secured Convertible Promissory Note with Leonite Capital LLC, effective March 1, 2022. The revised agreement introduces a six-month forbearance period allowing Leonite to convert the Note's principal of approximately $1.3 million into LVGI stock at $0.01 per share. The interest rate is set at a minimum of 10% per annum or the U.S. Prime Rate plus 6.75%. A $300,000 contingent fee will be waived if the outstanding balance is repaid within 18 months. CEO Joseph Francella emphasized the initiative aims to facilitate business growth and improve cash flow.
Limitless Venture Group, Inc. (LVGI) announced a record 129% sales increase for Rokin, Inc., its majority-owned subsidiary, achieving $1,353,569 in 2021. This marks Rokin's highest sales volume in its six-year history. CEO Joseph Francella anticipates Rokin's revenues to double in 2022, reaching over $2.6 million. LVGI has also entered into a Letter of Intent with Devmercs, LLC. for metaverse development but decided against acquiring a medical cannabis grow operation due to insufficient ROI potential.
Limitless Venture Group, Inc. (OTC PINK:LVGI) achieved record annual revenues of approximately $1.5 million for 2021, marking its best financial year to date. The company plans significant expansions in 2022, focusing on the health and wellness sectors, particularly in cannabis and CBD markets, as well as exploring opportunities in the Metaverse. LVGI has initiated due diligence on a grow facility and is partnering with Devmercs to capitalize on metaverse applications.
Limitless Venture Group, Inc. (OTC PINK:LVGI) has signed a Letter of Intent to acquire a cannabis grow facility in Oklahoma. The facility, equipped for both indoor and outdoor cannabis production, has produced approximately 1,200 pounds of cannabis in a full outdoor grow season. LVGI anticipates annual revenues of $2.3 million to $2.9 million from this acquisition, assuming all goes well. The deal offers immediate cash flow potential and supports LVGI's growth strategy in the health and wellness market, with the expectation of additional operational staff staying on board.
Limitless Venture Group, Inc. (LVGI) announced a record quarterly revenue of $481,465, marking the sixth consecutive quarter of earnings growth. CEO Joseph Francella expressed pride in the company’s performance, especially during the challenges posed by the Covid-19 pandemic. The firm is actively seeking strategic acquisitions to further drive growth. Subsidiary Rokin, Inc. reported strong sales due to new product launches, contributing to overall revenue increases. LVGI focuses on small to medium-sized businesses poised for growth, leveraging its capital base and management expertise.
Limitless Venture Group (OTC PINK:LVGI) announced that its subsidiary Rokin, Inc. will exhibit at the Champs trade show from July 27-30 in Las Vegas. Rokin aims to showcase its innovative products, including the Stinger Vaporizer, enhancing brand awareness in the thriving smoke shop industry. CEO Joe Francella expressed excitement for the opportunity to connect with customers and explore new market trends. Limitless Venture Group continues to focus on partnering with management teams to unlock value through its portfolio of small and medium-sized businesses.
Limitless Venture Group (OTC PINK:LVGI) announced that its subsidiary Rokin, Inc. achieved a record revenue of $196,803 for May 2021, attributed to the successful launch of new products like the Stinger Vaporizer.
The Stinger features innovative technology with a ceramic tip and removable water-filter chamber, enhancing flavor and cooling vapor. Rokin will showcase its products at the CHAMPS trade show in Las Vegas from July 27-30, furthering its goal of becoming a market leader in vape technology.
Limitless Venture Group, Inc. (OTC PINK:LVGI) announced it has engaged Skyline Corporate Communications Group to enhance its investor relations and corporate communications. The decision is driven by LVGI's growth objectives and milestones, particularly in the cannabis and hemp sectors. LVGI reported record revenues for fiscal year 2020, underscoring its strong financial position. CEO Joseph Francella emphasized the importance of Skyline's expertise in effectively conveying their corporate message during this critical growth phase.
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