Newgen Concepts Inc (OTCMKTS:VPOR), which previously used to be known as Vapor Group, has announced that because of huge demand experienced for its Easy Grinder product, it was negotiating with a major U.S. CBD oil distributor to take up the distribution responsibilities of the popular product across the country. This will greatly increase the availability of Easy Grinder because the distributor in question reaches more than 7,000 retailer outlets and resellers and thereby presenting NewGen Concepts with the potential to reach more consumers.
Manufacturing in China
Due to the expected increased future demand for Easy Grinder, the production figures of the product will have to be raised significantly. Already, the 40,000 units that had been meant for the months of March and June have been exhausted. This has made NewGen Concepts to accelerate its rate of production and even embark on the process of opening a manufacturing facility in Mainland China. The process was kicked off a few weeks ago when the chief operating officer of NewGen Concepts flew to the most populous country in the world to finalize matters.
The selling out of the 40,000 units was not the first time that NewGen Concepts was running out of Easy Grinder products. Earlier last month, strong demand for the product led to 20,000 units that were available then to run out. The demand was not only from the domestic market of the United States but also from Europe and other parts of the world. Internationally, a subsidiary of NewGen Concepts known as Total Vapor is responsible for distributing Easy Grinder.
Besides Easy Grinder, other products that NewGen Concepts has developed includes Simple Cork. This is a new wine bottle opener that has been patented in several countries around the world. Simple Cork is set to be launched before the end of the month. NewGen Concepts also possesses a variety of e-liquids, e-cigarettes and vaporizers. It is also involved in the marketing of scooters that go by the brand name of ‘Whizboard’.
In the pre-market trading hours of Monday, shares of Newgen Concepts Inc stood at $0.00310.