– USA, CA – PeopleString Corp. (OTCQB: PLPE), a company transitioning into a holding company functioning within the legal cannabis concentrate industry, announced today that Mr. Kyle Tracey, who previously served as President of GrowLife Inc. (OTCBB:PHOT), has been appointed as CEO of the Company, effective immediately.
Tracey will replace Jerome Kaiser as CEO and will also serve as the Chairman of the Board of Directors of the Company. Mr. Kaiser will remain on as the Company’s CFO and as a member of the Board.
Mr. Tracey was instrumental in the creation of the GrowLife brand and in establishing GrowLife as one of the leaders in the legal cannabis industry, having held the position during a period during which GrowLife revenues were simultaneously increased and diversified.
“I am tremendously excited about the opportunity to steward Vape Holdings for the foreseeable future,” said Tracey. “My tenure at GrowLife has given me a wide breadth of understanding that will be extremely useful in launching Vape. Having learned and worked at the arm of GrowLife’s current CEO, Sterling Scott, gives me an excellent blueprint on the right way to do things in this industry.”
Additionally, Mr. Tracey has agreed to an asset purchase of his proprietary line of state-of-the-art ceramic vaporizers by Vape Holdings. The Company will communicate more about the product line in the near future, pending certain protections of its intellectual property.
“I am as excited as I have ever been as I survey the opportunity ahead at Vape,” Tracey added. “I am able to now concentrate, no pun intended, on the area of the legal cannabis movement where I believe there is tremendous market opportunity and where my personal skill set is best utilized.”
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