Icon Vapor completes Green Tree acquisition

Icon Vapor of San Diego, California, USA, has completed its acquisition of e-cigarette distributor Green Tree Syndicate, reports Globe Newswire.

Icon Vapor President Dan Balsiger said the company expects sales to rise significantly in the current fiscal quarter given Green Tree’s convenience-store presence through its relationship with Core-Mark Holding Co.

Icon Vapor also announced that its newly acquired company Green Tree Syndicate’s Canadian businesses booked nearly $1 million in new orders for the first quarter of 2015. Green Tree is expected to continue to expand Icon Vapor’s market share in Canada in 2015, Balsiger said.