Motion for Asset Sale Approved for Electronic Cigarettes International Group, Ltd.
June 19, 2017 at 12:00 am EDT
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The US Bankruptcy Court gave an order approving the sale of Electronic Cigarettes International Group, Ltd.’s interest in assets of its subsidiary, FIN Branding Group, LLC, on June 19, 2017. The Trustee has been authorized to sell debtor’s interest in assets of FIN Branding Group, LLC to Axcentria Pharmaceuticals, LLC for a net consideration of $0.41 million. The assets of FIN Branding Group, LLC include remaining inventory and other assets including trade names, software, domain names, customer lists, intellectual property and transferable licenses and permits.
Electronic Cigarettes International Group Ltd is a United States-based company. The Company is an independent marketer and distributor of vaping products and e-cigarettes. The e-cigarettes are battery-powered products that simulate tobacco smoking through inhalation of nicotine vapor without the fire, flame, tobacco, tar, carbon monoxide, ash, stub, smell and other chemicals found in traditional combustible cigarettes. The Company accommodates the various product preferences of e-cigarette users by offering a set of products, including disposables, rechargeables, tanks, starter kits, e-liquids, open and closed-end vaping systems and accessories. Its products consist of components and nicotine liquids. Its global brand portfolio includes the FIN, VIP, VAPESTICK, E-CIG, PRO VAPOR and VICTORIA brands. The Company offers E-cigarette cartridges in a range of flavors.
ELECTRONIC CIGARETTES INTERNATIONAL GROUP, LTD. 
