Vapor Group to Restructure the Company's Operations; Yaniv Nahon, President to Depart Company
February 11, 2019 at 08:00 am EST
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Vapor Group, Inc. announced that it had entered into a "Letter of Intent" to undergo a change of control and
change of its business focus. Under the terms of LOI upon "closing" of the transaction, Yaron Elkayam, the CEO and principal shareholder of White Label Liquid, Inc., Daytona Beach, Florida will assume majority shareholder
control of the Company, install a new board of directors and new management team, restructure the company's
operations and execute a new business plan.
As a result, upon closing, which should occur rapidly, Yaniv Nahon, current President, will immediately depart the company, as will Dror Svorai who has been serving as its consultant. Both will no longer be involved in the company or any of its operations and will pursue other interests.
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. 