Golden electronic cigarette firm says it raised $18M

 

DENVER BUSINESS JOURNAL - Electronic Cigarettes International Group, Ltd., which moved its headquarters from Michigan to the Denver area earlier this year, said it's raised $18 million in new financing.

The company, which launched in 2010 as Victory Electronic Cigarettes Corp., said the financing came from one of its "long term investors."

"The additional $18 million investment clearly demonstrates confidence in both the future of the category and in the new ECIG management team. These funds will allow the company to purchase the inventory and marketing support needed to meet the growth targets in 2016," said Dan O'Neill, CEO, in a statement.

Electronic Cigarettes, which trades on the over-the-counter bulletin board under the "ECIG" symbol, said it's now located at 1707 Cole Blvd. in Golden.
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