Motion for Substantive Consolidation Approved for Electronic Cigarettes International Group, Ltd.
June 12, 2017 at 12:00 am EDT
Share
The US Bankruptcy Court granted an order for the substantive consolidation of Electronic Cigarettes International Group, Ltd. and its certain non-debtor affiliates on June 12, 2017. The non-debtor affiliates include Victory Electronic Cigarettes, Inc., VCIG, LLC and FIN Branding Group, LLC. The non-debtor affiliates would be substantively consolidated with the bankruptcy case of Electronic Cigarettes International Group, Ltd. and the collective assets and liabilities shall be treated as a single bankruptcy estate.
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. 
