Vapor Group, Inc. announced that it had completed and signed the documentation to consummate a change of control of the Company per the Letter of Intent. As a result, Vapor Group will undergo a complete change of management and business focus. Yaron Elkayam, the CEO and principal shareholder of White Label Liquid, Inc. has assumed majority shareholder control of the Company, and will install within the week a new board of directors and new management to execute a new business plan. Yaniv Nahon in the coming days will be immediately departing the Company as will Dror Svorai. Both will no longer be involved in the Company or its operations. The change of control constitutes a total restructuring.
Vapor Group, Inc. is a holding company. The Company operates through its wholly owned subsidiary, VPOR, Inc., a bulk wholesaler of high quality, raw hemp-derived cannabidiol (CBD) in a range of forms that are sold to various manufacturers and distributors nationwide. Its CBD product line consists of full-spectrum CBD oil, crystalline CBD isolate, nano full-spectrum CBD oil and powder. It designs, manufactures and markets vaporizers and electronic e-cigarette brands and custom-formulated high-purity e-liquids. Through its wholly owned subsidiary, Simple Cork, Inc., www.simplecork.com, the Company has developed a new multi-nationally patented combination wine bottle cork/opener. Its products are sold under the Vapor Group, Total Vapor, Vapor 123 and Vapor Products brands. It also intends to acquire and develop a portfolio of proprietary products and services to market, license and sell globally.
VAPOR GROUP, INC. 