V Group Inc (OTCMKTS:VGID) shares tumbled 33.33% at the start of the week to $0.00070 and were unchanged in after-hours trading. Share prices have been trading a 52-week range of $0.00 to $0.00.
In a press release this week, V Group Inc announced that it entered into an agreement with a leading developer and seller of CBD products to develop and market a high-quality line of CBD beverages. Under this agreement, they will develop a product called A.N.D. CBD.
This product will be offered in an attractive package of a 16oz slim PET bottle with a large label panel. The drink will be a delicious, colorful, fruit flavored, carbonated beverage available in two forms or flavors: CBD Fire and CBD Cool. The former will include Ginseng and Guarana for an active lifestyle while the latter will have an active dose of Melatonin for relaxation and rest.
Under the terms of the agreement, V Group Inc will be responsible for the development and manufacturing of the brand while its partner, which is a private company, will be responsible for marketing and sales of the brand. For now, the company has been unable to provide revenue projections due to the ever-changing regulatory atmosphere. Also, CBD beverages are just trying to gain traction at this point and is trying to get mainstream appeal.
A.N.D. CBD will be targeted for early June 2017 and will be offered for sale throughout California with other markets to follow as soon as possible. V Group Inc also announced that it will have a conference call on March 20, during which they will be discussing 2016 milestones, as well as new brands and their outlook for this year. The CEO will be available for a Q&A session afterwards.
V Group Inc is a company that aims to develop an innovative and quality driven beverage line. It is dedicated to providing the very best in cutting edge beverage products aimed at a constantly evolving consumer base. V Group is committed to taking advantage of a unique and readily available distribution base. V Group is poised to design the next evolution in the beverage market. V Group’s mission is to develop, create and market the best beverage products available to the consumer and a team of professionals with a proven track record of success both in and out of the beverage industry.