Newgen Concepts Inc (OTCMKTS:VPOR) shares were flat on Friday but advanced 9.09% to $0.00120 in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $4.07 million at 4.04 billion shares outstanding.
Newgen Concepts Inc is an intellectual property, product development and worldwide marketing company. It was formed to acquire, develop and capitalize on a portfolio of commercially viable intellectual property so it intends to develop a portfolio of products and services to market, license and sell across the globe. Its product being developed from its portfolio is Simple Cork, which is a self-contained cork/bottle opener, which is usable by wineries across the world. Simple Cork is designed to revolutionize the packaging of wine by providing a level of customer convenience, targeted to be sold to various markets, including the United States and wine-producing European countries, France and Italy. Simple Cork is in its final engineering development.
In October last year, the company formed a merger with Vapor Group Inc, in which it explored a spin-off of the group’s subsidiaries. The first such spin-off was Total Vapor, Inc., which is currently expanding its product offering into vaporizers and related products suitable to the growing market for legal Cannabis products sold in the United States.
Last month, Newgen Concepts Inc announced that its subsidiary Total Vapor Inc has become the exclusive worldwide distributor and a direct reseller of a new, revolutionary patent pending automatic grinder called Easy Grinder. This handheld device is rechargeable, electronically controlled and made to be fast and non-clogging even when grinding an herb of high moisture content. The simple-to-use grinder includes a built-in storage area to hold an ample supply of unground herb.
This represented the group’s foray into the cannabis industry, which is projected to grow to a $20 billion market by 2020. Newgen Concepts Inc will launch an ecommerce website specific to Easy Grinder and release online videos on its use. Furthermore, it shared in a press release that Total Vapor Inc has received an immense positive response from resellers and individuals alike in the MJ market to its announcement of the introduction of Easy Grinder has received an immense positive response from resellers and individuals alike in the MJ market to its announcement of the introduction.
Easy Grinder is a handheld device that is rechargeable, electronically controlled and made to be fast and non-clogging even when grinding an herb of high moisture content. The simple-to-use grinder includes a built-in storage area to hold an ample supply of unground herb. Initial distribution is planned to begin by the middle of this month in four popular finishes: silver, black, yellow gold and rose gold.
Newgen Concepts Inc will also begin attending several B2B and B2C West Coast MJ Market trade shows, and launch a massive consumer marketing and PR campaign promoting the uniqueness and ease-of-use of Easy Grinder.