TULSA, OK /ACCESSWIRE/January 11, 2022/ 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 especially well placed for rapid growth is pleased to announce the best year of earnings in LVGI’s history and to update shareholders on what lies ahead for 2022 and beyond.
Final numbers are still being compiled by our accountant, but preliminary results show 2021 annual revenue of approximately $1.5 million, squashing all previous annual revenue. Even with these fantastic numbers, the company is planning major expansions in 2022. LVGI is still focused on expanding its holdings in the health and wellness sectors through business acquisitions which we believe are complementary to our vision and present significant opportunities for growth. There has recently been a major shift in the health industry with a focus on hemp, cannabis, CBD and its multiple cannabinoids, and THC compounds. A total of 36 states, including the District of Columbia, Guam, Puerto Rico and the US Virgin Islands, have already approved comprehensive, publicly available medical marijuana/cannabis programs. Hemp and CBD and its multiple compounds, with the exception of Delta 8, can be shipped and transported across state lines as they are federally legal, while THC and cannabis must remain in the state in which 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 United States hit $4.6 billion in 2020, a whopping figure just two years after the federal legalization of hemp-derived cannabinoids. This growth is only expected to accelerate, with two notable forecasts predicting a US market of $15 billion by 2025, and the legal cannabis market expected to reach $43 billion by 2025, according to Forbes Magazine. LVGI has been involved in these markets in the past, has subsidiaries there and expects future expansion to include them, and then there’s the Metaverse.
“We have just completed the best fiscal year in LVGI’s history and I’m both thrilled about that and excited to look forward to 2022, because I know it’s just the beginning!” says Joseph Francella, CEO. “We have continued recognition 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 currently underway, we see many opportunities to refocus on this market.We believe that many factors will help companies through this consolidation, such as the government considering limiting the number of licenses by sector, requiring those who have licenses to open up businesses and most importantly open up the state for recreational use We have already started researching this market and have a letter of intent with a grow facility, which we are currently working on through our due diligence.In addition, we plan to continue with one of our original plans to become a fully vertically integrated cannabis with subsidiaries in cultivation, processing, dispensary, testing laboratory and ancillary products to its industries. We especially see the opportunities in Oklahoma as consolidation is underway and there are many businesses available that can generate immediate cash flow and short-term investment returns.”
While we want to make sure we’re focused on what we can accomplish in the near future, 2022 is the year of the metaverse and at LVGI we’re already in talks with Devmercs, a San-based technology and development company. Antonio (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 apps, where they recently created a street racing metaverse game called Bwaaap (https://bwaaap .com). We will work with Devmercs to chart a roadmap for how LVGI can become a leader in supporting metaverse application development.
“The Metaverse is a new world that we don’t want LVGI to miss being a part of.” says Devon Diaz, Chief Operating Officer. “I remember back in 2008, when a good friend of mine told me that I should start looking into app development for the iPhone and I just looked at it. I learned a big lesson from that. experience and as such I am convinced that LVGI should be prepared to take advantage of metaverse development in its early stages as it is green pasture and the possibilities are endless David Smith, CEO of Devmercs and I have a long history of working together and I couldn’t think of anyone better, more qualified to help lead LVGI into the metaverse.”
“Working with LVGI to find the right metaverse applications is going to provide Devmercs with a great opportunity to jump into a new world; literally. Having worked with Devon Diaz and Joseph Francella in the past, I know LVGI and its capabilities very well and I 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 offers its shareholders access to leading growth-oriented small and medium-sized companies. Leveraging its permanent capital, disciplined, long-term approach and actionable expertise, LVGI holds majority stakes in its subsidiaries by partnering with management teams to create companies capable of generating significant value for its shareholders. .
For more information, please visit: www.lvginc.com.
The company currently has three main 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 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. Once a product is selected and production is complete, the product is certified to the latest FCC, CE standards (which are required for all vaping products), but Rokin goes above and beyond to certify our vaping products to the latest RoHS standard, which limits the use of six hazardous materials commonly found in electronic products. www.rokinvapes.com
About KetoSports, Inc.
KetoSports products flush the body with ketones, increasing blood ketone levels within minutes. Because the body and brain use ketones as their preferred source of energy and are used primarily for energy needs, KetoSports products are essential for anyone who wants to extend their energy stores for their sporting events or for those who simply want the benefit of non-carb stimulants. – free mental energy and increased acuity.
About Jasper Benefit Solutions, LLC
Jasper Benefit Solutions, LLC (JBS), founded in 2018 and headquartered just outside of Nashville, TN, is a Managing General Underwriter (MGU) specializing in risk management services for small and means self-funded employers “Groups”. MGUs, unlike MGAs in the insurance industry, are certified to underwrite health and life insurance policies on behalf of their insurance partners. Jasper’s niche is the unique ability and authorization of a well-known, nationally recognized insurer to underwrite groups as small as five (5) employees as well as to offer limited benefit insured products for groups whose part-time employees cannot participate in their health plans. www.jasperbenefitsolutions.com
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Disclaimer Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are not historical facts, including, without limitation, statements relating to the Company’s expectations regarding the future impact on the Company’s results from new products in development, may be considered forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “probable”, “believes” and words of of similar significance also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyzes and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of publication. Except as required by applicable law, we undertake no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
THE SOURCE: Unlimited capital group
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