LVGI subsidiary, Rokin Vapes, Announces Record Breaking Quarterly Sales and increased yearly projections

Rhea-AI Summary

Limitless Venture Group (OTC PINK: LVGI) announced record quarterly revenues thanks to a major deal with a cannabis company, projecting annual revenues exceeding $3.5 million. This collaboration involves the purchase of over $450,000 in cartridges annually. The launch of Rokin's new product, the Stinger dab straw, has also generated significant interest, with pre-sales already sold out. The company reports a projected revenue increase of over 300% compared to its best year in 2019, indicating strong growth potential for Rokin and LVGI.

Positive

• Record quarterly revenues reported.
• Agreement with a cannabis company for over $450,000 in annual cartridge purchases.
• Projected annual revenues increased to over $3.5 million.
• Stinger dab straw sold out in pre-sales, indicating strong market demand.
• Revenue projections show over 300% increase compared to 2019's best year.

Negative

• None.

Vape Cartridge Deal Pays Off; New "Stinger" Dab Straw a Major Hit

TULSA, OK / ACCESSWIRE / April 6, 2021 / Limitless Venture Group, Inc. (OTC PINK:LVGI):

Las Vegas based-Rokin-a leader in vaping technology and accessories-announced the best quarterly revenues in company history. The boost came largely from an agreement with a well-known cannabis industry company to purchase over $450,000 in cartridges annually from Rokin. With this new agreement and other new products coming to market this year Rokin raised its projected annual revenues to over 3.5 Million Dollars.

"This relationship has benefited both parties," said Daryl Bauer, CEO, Rokin. "Our supplying cartridges to one of the major cannabis industry companies in the United States means big sales numbers for us. On their side, their customers get our high-quality cartridges filled with their top shelf product. We are all very pleased with the result."

Rokin also released the highly anticipated Stinger dab straw for use with concentrates. Employing a uniquely designed ceramic tip in combination with a removable water-filtration chamber, Stinger is the most convenient dab straw on the market.

The Stinger's easy-to-fill water chamber cools the vapor to a comfortable temperature and enhances the flavor of concentrates. Users can vape concentrates right from the container or use any silicone dab mat with ease. Rokins' powerful 1100 mAh battery heats up the ceramic tip in a matter of seconds and provides hours of dabbing without the need to recharge.

"We are completely sold out with our pre-sales of The Stinger, announced Daryl Bauer, CEO, Rokin "The market knows a great product. The Stinger is already sold out in pre-sale because its convenience is going to revolutionize concentrate use like nothing else."

Other Rokin products are also selling at a record pace. These include the Dial and ever-popular Mini Tank. These should ensure Rokin has its' best year ever.

"Congratulations to the Rokin team for outstanding record quarterly revenues and annual revenue projections of over 300% compared to their best year ever in 2019. I'm proud to be a part of the Rokin family. They are industry leaders with their innovative designs and technology" states Joseph Francella, CEO LVGI, "and further congratulations for making the cover of the March issue of B2B Wholesaler Magazine".

About Rokin

Founded in 2016 in Las Vegas, Nevada Rokin provides its customers with the highest quality technology-driven vaping products available while delivering affordability and exceptional customer service. A family owned and operated business, Rokin rapidly engineers and modifies new and existing products to stay consistently on the cutting edge of vaping technology. Rokin's current product offerings include, The Stinger, The Dial, The Quick Draw, Rage, The Mini Tank and numerous vaping accessories. To learn more, please see www.rokinvapes.com.

About Limitless Venture Group

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.

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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.

Company Contact:

info@lvginc.com
www.lvginc.com

SOURCE: Limitless Venture Group, Inc.

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https://www.accesswire.com/639119/LVGI-subsidiary-Rokin-Vapes-Announces-Record-Breaking-Quarterly-Sales-and-increased-yearly-projections

FAQ

What is the recent revenue announcement for Limitless Venture Group (LVGI)?

Limitless Venture Group announced record quarterly revenues driven by an agreement with a cannabis company.

How much is the annual revenue projection for Rokin, a subsidiary of LVGI?

Rokin has raised its projected annual revenues to over $3.5 million.

What is the Stinger dab straw and its market performance?

The Stinger dab straw has been a hit, with all pre-sales sold out, indicating high demand.

What is the significance of the new cannabis agreement for LVGI?

The agreement secures over $450,000 in annual cartridge purchases, boosting revenues significantly.

How does the current revenue compare to previous years for LVGI?

Projected revenues show a 300% increase compared to the best year in 2019.