LOS ANGELES, CA--(Marketwired - Feb 6, 2014) - VaporBrands International, Inc. (OTC Pink: VAPR) (the "Company" or "VaporBrands")and HEMP, Inc. (OTC Pink: HEMP) announced today that VaporBrands will market Hemp Oil produced by Marijuana, Inc. a wholly owned subsidiary of Hemp, Inc., in electronic cigarettes supplied by VaporBrands for medicinal purposes and recreational use, where legal.
The two companies have formulated a strategic plan for the development of and use of Hemp Oil in specialized adaptations of VaporBrands' electronic vaporization products for use in the field of marijuana-based medicine. VaporBrands and Hemp signed a Letter of Intent on January 28, 2014 with Marijuana, Inc., a wholly owned subsidiary of Hemp, Inc., a leading provider of products and services for the industrial hemp and medical marijuana industries. Under the terms of the Joint Venture's strategic plan specially designed vaporizing products, including electronic cigarettes will be supplied by VaporBrands' to the Joint Venture and marketed through Medical Marijuana dispensaries and eventually retail marijuana superstores in Colorado and Washington when operational.
VaporBrands and Marijuana, Inc. have agreed to research, develop and distribute vaporizer products specifically for the use of Hemp Oil in natural medicine. Marijuana, Inc. has also agreed to assist VaporBrands in expanding the retail distribution of its current and future electronic nicotine based cigarette products.
Based on the current and projected positive market conditions for legal marijuana (medical and recreational), the Company anticipates significant demand for VaporBrands and Marijuana, Inc. co-developed vaporizing products among a wide cross-section of users that are seeking the safest and most effective way to consume marijuana.
About Marijuana, Inc. (OTC Pink: HEMP)
Marijuana, Inc. is a wholly owned subsidiary of Hemp, Inc. which focuses on supplying services, products, and information related to the medical marijuana industry or to those who have an affinity for the medical marijuana industry. The company website will offer news, issues, entertainment, and education on medical cannabis issues; developing proprietary software for transaction processing, MIS, loyalty program, and social network management; and producing video content that deals with current events as they relate to the industry and is available in high definition over the Internet. Hemp, Inc.'s products include hemp nutraceutical products designed to improve concentration and joint flexibility, increase awareness and energy, and improve overall wellness, as well as to supply hemp and blue-green algae protein; and skin care products for men and women. Hemp, Inc. was founded in 2008 and is based in Las Vegas, Nevada.
About VaporBrands International Inc. (VAPR)
Vapor Brands International, Inc. is a marketing and development partner for manufacturers of electronic cigarettes. Electronic cigarettes represent the future of smoking; they produce no smoke, tar, ash or offensive odor while containing about the same amount of nicotine as traditional tobacco cigarettes. Unlike traditional tobacco cigarettes, electronic cigarettes can be used in many public places currently restricted from smoking. VAPR intends to focus on creating opportunities for culturally relevant brands seeking to acquire significant market share in the rapidly growing "vaping" sector of the global market.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.