Limitless Venture Group, Inc. Eyeing the Cannabis and Hemp Markets for Additional Future Growth

By: Limitless Venture Group Inc
 
TULSA, Okla. - May 12, 2021 - PRLog -- Limitless Venture Group, Inc. (LVGI), a publicly-traded holding company that provides its shareholders with access to investment opportunities in small and medium-sized businesses uniquely positioned for rapid growth, today reported it has resumed researching acquisition opportunities for hemp and cannabis testing laboratories after discussions with laboratories in this space. Upon review of the latest research from Grandview Research, it is determined that the global cannabis testing services market size was valued at USD 1.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 15.4% from 2020 to 2027.

"We are talking to a few different testing laboratories in order to get a better understanding of the industry as well as how LVGI can be a beneficial partner to the right team. There are many laboratories that have quickly entered this market and one of the biggest complaints we have heard from cultivators and distillers is that many of these laboratories are slow to deliver results and the variations between the samples are too broad to accurately determine if the results are correct. As such, LVGI would like to work with a quality laboratory partner who has high integrity, has audible processes and standards, and who can deliver quality results within reasonable time frames. Also, we would like to work with a laboratory who has the ability and desire to expand into multiple locations around the United States and the world." States Devon Diaz, P.E., COO.

About Limitless Venture Group, Inc.

Limitless Venture Group provides its shareholders with access to leading small and medium-sized businesses focused on growth.
The Company currently has three primary subsidiaries: Jasper Benefit Solutions, LLC, Rokin, Inc., and KetoSports, Inc.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements.
https://www.lvginc.com/

Contact
Devon Diaz, P.E., COO
***@lvginc.com
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Email:***@lvginc.com
Tags:LVGI
Industry:Business
Location:Tulsa - Oklahoma - United States
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