The Trustee for Electronic Cigarettes International Group, Ltd. filed a motion in the US Bankruptcy Court for the sale of debtor’s interest in assets of its subsidiary, FIN Branding Group, LLC on May 11, 2017. The Trustee seeks the Court’s approval for the sale of debtor’s interest in assets of FIN Branding Group, LLC to Axcentria Pharmaceuticals, LLC for a net consideration of $0.41 million. The buyer shall pay a sum of $0.03 million upon closing, 50% of the inventory value upon consumption for the first six months amounting to $0.20 million, and 6% of net sales for a period of two years amounting to $0.18 million. The assets of FIN Branding Group, LLC include remaining inventory and other assets including trade names, software, domain names, customer lists, intellectual property and transferable licenses and permits. The sale is subject to higher and better offers. The proceeds from the sale shall be used towards payment of administrative expenses up to a maximum of $0.05 million. The sale hearing is scheduled for June 8, 2017.