VAPE Holdings Acquires BetterChem
Jul 01, 2015 (ACCESSWIRE via COMTEX) -- Adds Industrial Chemistry and Product Development to Core Consulting Services; Improves Position for Opportunities in Essential Oils
CHATSWORTH, CA / ACCESSWIRE / July 1, 2015 / VAPE Holdings, Inc. (otcqb:VAPE) (the "Company" or "VAPE"), a holding company focused on providing healthy, efficient, and sustainable products to lawfully operating participants in the legal cannabis industry, is pleased to announce that it has acquired control and 80% of the equity of Pennsylvania-based BetterChem Consulting, Inc. ("BetterChem") in exchange for restricted common stock, and for other share-based consideration based on performance over the next two years.
"BetterChem is a very important addition to the VAPE family of companies for the worldwide opportunities in essential oils that BetterChem has in its business base today, and also for the many synergistic opportunities for expansion drawn from combining the strengths of BetterChem into VAPE's unique areas of expertise," stated...
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