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Wednesday, 20 May 2015 13:41

ECIG narrows losses in the first quarter

The marketer and distributor of multiple brands of electronic cigarettes reported first quarter revenues of $11.1 million, up from $4.1 million the first quarter of 2014, according to a statement. ECIG reported losses of $67.5 million in the quarter, which it attributed to non-cash charges on certain notes and warrants. That loss is down from the $86.4 million it reported in the first quarter of 2014.

Published in In the News

Grand Rapids-based Electronic Cigarettes International Group Ltd. plans to use a $41 million loan to alleviate long-standing debt and bolster its balance sheet.

Published in In the News
Monday, 23 March 2015 17:46

ECIG completes 1-for-15 reverse split

A Grand Rapids-based maker of electronic cigarettes and other vaping products announced today that it completed a reverse stock split that its shareholders approved earlier this month.

Published in In the News

Electronic Cigarettes International Group, Ltd. (OTCBB: ECIG) said shareholders voted at special meeting today to allow its board to initiate a reverse stock split, but didn’t pass a measure to increase the company’s authorized shares.

Published in In the News

Revenues for the first nine months of 2014 totaled $31.3 million, versus $2.4 million in the same period in 2013.

Published in In the News

Revenues for the first nine months of 2014 totaled $31.3 million, versus $2.4 million in the same period in 2013.

Published in In the News
Sunday, 28 September 2014 22:00

Serial buyers: 2014

Since the beginning of 2013, several of the West Michigan region’s public companies have been gobbling up acquisitions at a rapid pace. The half-dozen companies below have been among the most active, completing 30 acquisitions with a combined value of more than $12.9 billion over the past 21 months.   

Published in Finance

Aiming to become a global leader in the emerging $3.5 billion e-cigarette industry, closely held Victory Electronic Cigarettes Corp. began exploring options early last year to raise capital for acquisitions and position itself for growth.

Published in Focus

West Michigan e-cigarette company Victory Electronic Cigarette Co. has filed a registration statement with the Securities and Exchange Commission to raise up to $149.5 million in a follow-on offering of its publicly traded shares.

Published in Manufacturing

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