- Vaping
is growing in popularity in the United States and internationally, driving
cannabis concentrate sales toward a forecast reach of $47.11 billion by
2025
- VPR
Brands has built on the successful acquisition of Vapor Corp. technologies
and has recently been growing into the cannabidiol (CBD) derivatives space
- VPR
Brands’ GoldLine Hemp products are also finding a niche in the convenience
store market as a variety of CBD-free hemp edibles
Vaporizers and e-cigarettes have been enjoying growing
popularity in recent years, becoming the largest driver behind cannabis
concentrate sales and maintaining a position as the second-largest marijuana
product category in the United States (http://ibn.fm/TYH3P). Meanwhile, a burgeoning international
market has begun to take shape as a new field for commerce. Innovative
technology holding company VPR Brands, LP (OTC: VPRB), whose assets include patented
atomization-related products and technology, is building on the expanding
opportunities with a variety of products aimed at conscientious vape consumers.
Analysts at Research and Markets foresee growth in the
global vaping tank market, calling for a CAGR of 28.92 percent between 2019 and
2023 (http://ibn.fm/IKRxX).
Grand View Research predicts a similar 23.8 percent CAGR between 2018 and 2025,
culminating in sales of $47.11 billion (http://ibn.fm/upFuU).
VPR Brands has enjoyed steady growth in sales since
acquiring Vapor Corp. in 2016, thanks to a product base that includes premium
open tank mod Honey Stick – the first lifestyle brand to market to offer a
ceramic sub-ohm vaporizer that’s available in three different sizes. Sub-ohm
vaporizers have become popular with consumers looking for a stronger
straight-to-lung vapor or flavor thanks to their low-resistance, higher-wattage
output mechanics (http://ibn.fm/WHm6C).
In addition to the Honey Stick, VPR Brands’ technology is
making premium cannabis concentrate vaporizers available to white label
customers through its private label program. Its portfolio of brands also
includes high definition Helium e-liquid, which is sent in vaping chillers that
are scientifically proven to preserve flavor, freshness and aroma by utilizing
a squeezable bottle with a drip tip that’s engineered to deliver 77 percent
vegetable glycerin, as well as Vaporin, another vaporizer brand in VPR’s
portfolio that was recently launched as a convenience friendly sub-ohm series
of starter kits. All of these are available through Vapor Store Direct, one of
VPR’s websites that is dedicated to serving e-liquid wholesalers in the United
States with internationally elite brands and a strong suite of restock
supplies.
In recent months, VPR Brands has also successfully entered
the cannabidiol-derived products market with brands such as GoldLine’s Gummies
And Pure Honey Stix, tinctures, pre-rolled flower, vapable products and creams;
GoldLine Hemp’s CBD-free hemp edibles developed specifically for the
convenience store market segment; and VaporX, which combines some of the best
off-the-shelf products from brands such as KangerTech, eLeaf, Aspire,
Pioneer4You, JoyeTech and Samsung to create connoisseur-grade vaporizer kits.
“One of our most notable accomplishments in 2018 was the
successful release of our GoldLine product division, which sells cannabidiol
(CBD),” CEO Kevin Frija informed shareholders in a December news release. “Our
GoldLine product division is not only a good parallel to our vape portfolio,
but also gives us exposure within the consumable supplements and nutraceuticals
sectors, greatly increasing our target markets and potential customers. We
believe that the repeat business frequency in these sectors adds an exponential
factor into our growth equation… We expect to continue to add to our product
line, while also increasing our supply to meet growing demand.”
The company launched its international sales efforts in
2017, with plans to headquarter Director of International Sales Ezequiel
Pavlotsky in the European Union this year so that he can best represent the
company and build relationships with distributors in the region’s varied
countries. Frija said that VPR Brands had almost completed the required testing
and certification to allow all of the company’s products to be imported and
sold in the EU at the time.
For more information, visit the company’s website at www.VPRBrands.com
NOTE TO INVESTORS: The latest news and updates
relating to VPRB are available in the company’s newsroom at http://ibn.fm/VPRB
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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