Why V Group Inc (OTCMKTS:VGID) Shares Slipped 30%

0
429

V Group Inc (OTCMKTS:VGID) shares were down 30% on Monday to $0.00070 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00.

V Group Inc is a company that aims develop an innovative and quality driven beverage lineup. It is dedicated to providing the very best in cutting edge beverage products aimed at a constantly evolving consumer base and is committed to taking advantage of a unique and readily available distribution base. The company is poised to design the next evolution in the beverage market and its mission is to develop, create and market the best beverage products available to the consumer and to assemble a team of professionals with a proven track record of success both in and out of the beverage industry.

In a press release this week, V Group Inc announced that has entered into an agreement with a leading developer and seller of CBD products to develop and market a high-quality line of CBD beverages. This new product will be called A.N.D. CBD.

A.N.D. CBD will be offered in an attractive package, which includes a 16oz slim PET bottle with a large label panel and the product itself will be a delicious, colorful, fruit flavored, carbonated beverage. The initial product will be available in two forms and two flavors, with others to follow as the brand grows. These flavors, namely CBD Fire and CBD Cool, will contain healthy anti-oxidant ingredients as well as vitamins and an effective amount of CBD. In particular, CBD Fire includes Ginseng and Guarana for an active lifestyle while CBD Cool will have an active dose of Melatonin for relaxation and stress relief.

In this partnership, V Group Inc will be responsible for the development and manufacturing of the brand. Its partner, which is a private company, will be responsible for marketing and sales of the brand. Even as the cannabis market is poised for strong growth, revenue projections are unavailable at the moment as the regulatory atmosphere is still changing. Still, the company expects the initial batch to be out by June 2017 and will be offered for sale throughout California with other markets to follow as soon as possible.

Also, in the same press release, V Group Inc announced the date of its next conference call at March 20, 2017 at 10:00 am Pacific Time. In this conference call, the company will be discussing 2016 milestones and new brands and outlook for 2017. Its CEO will be hosting an overview followed by a brief question and answer period.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.