V Group, Inc. (OTCPK:VGID) agreed to spin-off 30% stake in Cigars MFOV Inc. on May 6, 2015. The shareholders of V Group, Inc. will receive 30 million shares as of the record date of March 31, 2015. Fernhill Beverage will enter the public market with 500 million authorized capital and issue 100 million shares.

The transaction is expected to be completed within 30 days.