Marijuana Incubator Group has agreed to acquire VaporTownUsa.com. No financial terms were disclosed. VaporTownUsa is a provider of vaporizers.
LAJOLLA, Calif., June 9, 2014 /PRNewswire/ — Marijuana Incubator Group, Inc. is pleased to announce that the Company has completed its due diligence and entered into a definitive agreement for the full acquisition of VaporTownUsa.com, a profitable online vendor of top quality vapor related essentials. The terms of the acquisition detail a 100% purchase of the entity.
Marijuana Incubator Group has strategized to bolster VaporTownUsa’s presence in the online marketplace, and develop significant momentum in the short term based on the dynamic nature of the Company’s strategy to drive traffic to the website and the website’s provision of choice essentials through the privacy of internet commerce.
Marijuana Incubator Group has researched the industry, and has discovered that its competitors in the vapor marketplace have experienced considerable recent growth. The confidential and risk free aspect of ordering product online offers a choice method to the attaining of vapor related merchandise.
As recently announced, the Company’s intention is to further develop and equip VaporTownUsa.com to become a strong and competitive contender in its sector. The Company was launched in 2012 to provide a wide array of novelties and essentials to smoking, aromatherapy, and vapor enthusiasts. Contrary to big online vendors and local head shops that carry a little bit of everything, VaporTownUsa.com’s focus is entirely on Vaporizers, with a distinct emphasis on premium Vape Pens and portable Vaporizers; leading brands such as Arizer, Volcano, Magic Flight, Atmos and DaVinci.
With the quality of product and structure of the business, VaporTown’s profitability is expected to grow exponentially as the Company implements the intended marketing strategies which include promotion through leading internet and print advertisers.
Bryen Beglinger stated, “We are very happy to be able to incorporate this Company into our corporate structure. We believe VaporTownUsa is in a prime position, since they are already profitable in an industry which still has so much growth in store.” He continued: “Our team is committed to swiftly putting our 360 degree marketing model into practice which is expected to result in a smooth integration and a boost in revenues.”
Marijuana Incubator Group was created to build a superlative operation in this budding industry, robust with revenue generating segments designed to integrate for optimum profitability. The Company’s strategy is to develop its corporate structure through Joint Venture, Merger, and Acquisition, and is intent on being very selective in the acquisition process, refining options to businesses that will offer the greatest contribution to the bottom line. The Company’s management team is currently exploring potential funding partnerships to provide the capital required to realize its short and long-term goals, and will be updating shareholders continually as further and subsequent negotiations unfold.
About Marijuana Incubator Group, Inc.: Marijuana Incubator Group, Inc., known as MIG, is a publicly traded investment and holding company established to identify, secure, and monetize emerging cannabis related technology, cultivation related and ecommerce businesses positioned for exponential growth in the Marijuana sector. The Company seeks to discover inspired entrepreneurs with revolutionary concepts which can make a substantial footprint in this market. Marijuana Incubator Group’s comprehensive business model includes a division which delivers internally created projects that are poised for revenue, and a platform enabling the Company to develop embryonic stage subsidiaries under one umbrella, bringing a spectrum of backgrounds to the table, providing a significant resource of experience, knowledge and expertise to every venture. MIG explores every opportunity to help each sector exceed their revenue goals while building close, active working relationships; preparing each respective division to be a robust competitor in in the marijuana industry. For more information visit: http://www.mjiginc.com/