TULSA, OK -- January 11 , 2022 -- InvestorsHub
NewsWire -- Limitless Venture Group, Inc. (OTC PINK:LVGI) ("LVGI" or the "Company"), a
publicly traded holding company that provides its shareholders with
access to investment opportunities in small and medium-sized
businesses uniquely positioned for rapid growth is pleased to
report the best revenue year in the history of LVGI and update
shareholders on what's ahead for 2022 and beyond.
The final numbers are still being compiled by our accountant but
preliminary results are showing 2021 annual revenues of around $1.5
million dollars, smashing all previous yearly revenues. Even with
those fantastic numbers the company plans on major expansions in
2022. LVGI is still focused on expanding its holdings in the health
and wellness industries through acquisitions of companies that we
feel are complementary to our vision and have significant growth
opportunities. There has been a major shift in the health industry
recently with a focus towards Hemp, Cannabis, CDB and its multiple
cannabinoids, and THC compounds. A total of 36 states, including
the District of Columbia, Guam, Puerto Rico and the U.S. Virgin
Islands have already approved comprehensive, publicly available
medical marijuana/cannabis programs. Hemp and CBD and its multiple
compounds, excluding Delta 8, can be shipped and transported over
state lines as they are Federally legal, while THC and cannabis
products must remain within the state they are grown. These factors
greatly expand the type of companies that are now on LVGI's radar
as possible acquisition and/or Joint Venture partners. CBD sales in
the U.S. hit $4.6
billion in 2020, a massive number just two years after
hemp-derived cannabinoids were federally legalized. This growth is
only expected to accelerate, with two notable forecasts
projecting a U.S. market of $15 billion by 2025, and the
legal cannabis market is expected to reach $43 Billion by 2025,
according to Forbes Magazine. LVGI has been involved in these
markets in the past, has subsidiaries in them and expects future
expansion to include them and then there is the Metaverse.
"We have just completed the best fiscal year in the history of
LVGI and I am both ecstatic for that and excited to look forward to
2022, as I know this is just the beginning!" States Joseph
Francella, CEO. "We have a continued acknowledgement from our
institutional investors to fund our growing expansion both through
our existing subsidiaries and through new and exciting acquisition
opportunities. With the consolidation of the Medical Marijuana
industry in Oklahoma now underway we are seeing many opportunities
to refocus on this market. There are many factors that we feel will
help the businesses that make it through this consolidation such as
the government considering limiting the number of licenses per
sector, requiring those with licenses to actually open up
businesses and most importantly the state opening up to
recreational use. We've already started researching this market and
have an LOI with a grow facility, which we are currently working
through our due diligence. Also, we plan on following through with
one of our original plans to become a fully vertically integrated
cannabis company with subsidiaries in the grow, processing,
dispensary, testing laboratory and ancillary products industries.
We especially see the opportunities in Oklahoma as consolidation is
underway and there are many available companies that can produce
immediate cash flows and short term ROI's".
Although we want to make sure we are focused on what we can
accomplish in the near future, 2022 is the year of the Metaverse
and we at LVGI are already in discussions with Devmercs, a San
Antonio based tech and development company (https://devmercs.com), to explore
options in this emerging market. Devmercs, specializes in third
party development with everything from shopify websites and SAP
based enterprise solutions to mobile applications, where they
recently created a street racing metaverse game called Bwaaap
(https://bwaaap.com). We will be working with Devmercs
to chart a road map on how LVGI can become a leader in supporting
metaverse application development.
"The metaverse is a new world that we do not want LVGI to miss
out on being a part of it." says Devon Diaz, COO. "I remember 2008,
when a good friend of mine told me I should start looking into
application development for the iPhone and I just looked past him.
I learned a big lesson from that experience and as such, I feel
strongly that LVGI should be prepared to take advantage of
metaverse development in its infancy as this is a green pasture and
the possibilities are endless. David Smith, CEO of Devmercs and I
have a long history working together and I couldn't think of anyone
better, and more qualified to help lead LVGI into the
metaverse."
"Working with LVGI to come up with the right metaverse
applications is going to provide Devmercs an excellent opportunity
to launch into a new world; literally. Having been working
associates with Devon Diaz and Joseph Francella in the past, I am
very familiar with LVGI and its capabilities and look forward to
helping create a vision for the future of LVGI and Devmercs."
Remarked David Smith, CEO of Devmercs.
About Limitless Venture Group, Inc.
Limitless Venture Group provides its shareholders with access to
leading small and medium-sized businesses focused on growth.
Leveraging its permanent capital base, disciplined long-term
approach, and actionable expertise, LVGI owns controlling interests
in its subsidiaries as it partners with management teams to build
businesses with the capacity to unlock significant value for its
shareholders.
For more information, please visit: www.lvginc.com.
The Company currently has three primary subsidiaries: Rokin,
Inc., KetoSports, Inc. and Jasper Benefit Solutions, LLC.
About Rokin, Inc.
Rokin was founded in 2016 with a mission to provide our
customers with the highest quality, technology-driven vaping
products available while providing exceptional customer service.
Rokin Vapes are rigorously tested by Rokin and multiple consumer
focus groups to ensure the products meet strict quality standards
before any production takes place. After a product is selected and
production complete, the product is certified to the latest FCC, CE
standards (which are required for all vaping products) but then
Rokin goes above and beyond to certify our vaping products to the
latest RoHS standard, which restricts the use of six hazardous
materials commonly found in electronic products. www.rokinvapes.com
About KetoSports, Inc.
KetoSports products flush the body with ketones, raising blood
ketone levels within a few minutes. Because the body and brain use
ketones as its preferred energy source and are used first for
energy demands, KetoSports products are essential for anyone who
wants to prolong energy reserves for their athletic events or for
those who just want to benefit from carb-free, stimulant-free
mental energy and enhanced acuity.
www.ketosports.com
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 with
headquarters just outside Nashville, TN, is a Managing General
Underwriter (MGU) specializing in risk management services for
small to medium self-funded employer "Groups". MGUs, unlike general
agents within insurance industries, are certified to underwrite
health and life benefits policies on behalf of their
carrier-partners. Jasper's niche is the unique ability and
authorization from a well-known, nationally recognized insurance
carrier to underwrite Groups as small as five (5) employees as well
as offering limited benefit insured products for groups with
part-time employees not able to participate in their health
plans. www.jasperbenefitsolutions.com
Follow us on Social Media at:
https://www.facebook.com/lvginc
https://twitter.com/lvginc_
Disclaimer Regarding Forward-Looking
Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts,
including, without limitation, statements that relate to the
Company's expectations with regard to the future impact on the
Company's results from new products in development, may be deemed
to be forward-looking statements. Words such as "expects,"
"intends," "plans," "may," "could," "should," "anticipates,"
"likely," "believes" and words of similar import also identify
forward-looking statements. These statements are subject to risks
and uncertainties. Forward-looking statements are based on current
facts and analysis and other information that are based on
forecasts of future results, estimates of amounts not yet
determined and assumptions of management. Readers are urged not to
place undue reliance on the forward-looking statements, which speak
only as of the date of the release. Except as may be required under
applicable law, we assume no obligation to update any
forward-looking statements in order to reflect any event or
circumstance that may arise after the date of this release.
SOURCE: Limitless Venture Group
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