Vapor Group Inc (OTCMKTS:VPOR) announced that it had entered into a distribution deal with Resnick Distributors, a distributor of tobacco and cigarettes, general merchandise and other related products. The distributor offers the products to more than 1,500 retail locations in New York including Virginia, North Carolina, Washington DC, Maryland, Delaware, Pennsylvania, Connecticut and New York City. The deal was brokered by Aleda Group. Under the terms of the deal, Resnick Distributors will be the wholesale distributor for the company’s Vapor 123 Vaporizer starter kits, CE4 tanks and Total Vapor E-Liquid.
Dror Svorai, the President and CEO of Vapor Group Inc (OTCMKTS:VPOR), stated that the company is delighted to add Resnick Distributors to the expanding distribution family. It is one the most known distributor firm that plays an important role in the growth of the business. The distributor company will enable Vapor Group to further solidify the distribution network in the northeast.
The distributor company
Resnick Distributors was established in year 1945 as Plainfield Tobacco and Candy Company. it has been owned and run by the Resnick group since 1966. Back In 1989, the name was changed to Resnick Distributors. The distributor company has headquarters in New Brunswick, NJ. It provides its services to almost 1,500 unique locations weekly. The locations include pharmacies, supermarkets, convenience stores, tobacco shops, gift shops, wholesalers and concessions, specialty stores and carry more than 8,000 items.
Vapor Group is in the business of developing, designing, manufacturing and commercializing high quality, e-cigarette and vaporizers brands which use latest electronic technology and specially formulated e-liquids, without and with nicotine. It sells a wide range of products with different e-liquid flavors that are best in existing industry. The products are marketed under the Vapor 123, Vapor Products, Vapor Group and Total Vapor, brands.
In last trading session, VPCO share price surged more than 5% to close at $1.10.