Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced
that it will begin quotation on the OTCQB Venture Market today. In addition,
the company also recently released its second quarter and year to date 2019
financial results. According to the update, VPR Brands reported revenues of
$1.58 million for the second quarter of 2019, reflecting a 31 percent increase
over the second quarter of 2018. The company saw a similar 31 percent increase
for the six months ended June 30, 2019, versus the comparable period in 2018.
“The results of putting our newly raised capital to work in Q2 were increased
sales and larger distributor and private label orders, which are key components
to our growth strategy and will allow the company to continue to increase
revenues and scale the business going forward,” Kevin Frija, VPR Brands’ CEO
said in the news release. “Although our gross profit margins decreased, once we
reach larger volume we expect to be able to trim costs and regain some
percentage points to maintain our target 40% margins.”
To view the full press release, visit http://ibn.fm/cGGmR
About VPR Brands, LP
VPR Brands is a technology company whose assets include
issued U.S. and Chinese patents for atomization-related products including
technology for medical-marijuana vaporizers and electronic-cigarette products
and components. The company is also engaged in product development for the
vapor or vaping market including e-liquids. Vaporizers and electronic
cigarettes (also known as e-cigarettes) are devices that deliver nicotine
and/or cannabis through atomization or vaping, and without smoke and other
chemical constituents typically found in traditional products. 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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