- VPR Brands focuses on high-quality cannabis and nicotine products that build brand loyalty
- The company boasts a portfolio of innovative brands, including its flagship HoneyStick
- VPR Brands recently sponsored the ‘Complete Voters’ Guide to 2020 US Presidential Candidates on Cannabis Issues’
A technology holding company, VPR Brands LP (OTC: VPRB) is focused on growing its brand presence in the cannabis industry by pioneering innovative products that garner customer loyalty. The company has a vested interest in supporting the cannabis industry and recently took the initiative to sponsor a comprehensive examination of presidential candidates’ stances on cannabis policies. This study is the first of its kind and signifies VPR Brands’ leadership in the ever-evolving cannabis industry.
With its innovative brands, VPR Brands achieved 2018 revenue of $4.6 million, marking a 28 percent year-over-year increase (http://cnw.fm/ogLK0). Moreover, for Q1 2019, the company increased its quarterly revenues roughly 31 percent year-over-year to $1.3 million. VPR Brands also continues to maintain strong gross operating margins above 40 percent (http://cnw.fm/Ccy2W).
VPR Brands is innovating in the vaping marketplace by focusing on high-performance, high-quality products that build brand loyalty. HoneyStick, an upper-tier vaporizer, is the company’s flagship brand. VPR Brands has also entered the CBD market with its GoldLine CBD product line. The company’s Helium, Krave, Vaporin, and VaporX products are ancillary brands serving the nicotine vertical. In addition, VPR engages in product development for the vapor or vaping market, including e-liquids.
Recently, VPR Brands launched its HRB Turbo Dry Herb Vaporizer by HoneyStick (http://cnw.fm/pPM9e). This ultra-premium, pocket-sized dry-herb vaporizer is available for an affordable $99.
“The HRB Turbo is the best dry-herb vaporizer with an MSRP under $100 currently on the market,” VPR Brands COO Dan Hoff stated in a news release. The company focuses on brand awareness and first-rate product design and formulation to meet consumer taste and expectations (http://cnw.fm/9ZjUB). VPR Brands also partners with leading global brands to advance and accelerate their products into the vanguard of its industry.
Looking ahead, VPR Brands expects positive impact from recent Louisiana legislation regarding medical marijuana products. Officials from the Louisiana Department of Agriculture and Forestry announced that medical marijuana products could soon be available in licensed dispensaries. This represents a significant opportunity for VPR Brands. Patients and dispensary owners have been waiting for this development since 2015, when voters approved a measure to legalize medical cannabis.
These legalization matters will play a part in the 2020 U.S. presidential election as consumers voice their opinions. With that key issue in mind, VPR Brands sponsored (http://cnw.fm/A81ng) ‘A Complete Voters’ Guide to 2020 US Presidential Candidates on Cannabis Issues’. In the guide’s foreword, VPR Brands CEO Kevin Frija noted that “my purpose is to support the growth of the cannabis industry and to provide clear, factual data to cannabis voters.”
“The gap between federal and state law has reached crisis level, and American businesses that could expand overnight are constrained by capital because banks risk losing their national charters should they abet the sale of what is still classified as a Schedule 1 narcotic,” continued Frija. “This inconsistent legislative patchwork affects both recreational and medical users.”
With this sponsored report, VPR Brands is focusing on a single public policy issue: cannabis. The purpose of the guide is to help voters identify where candidates stand on making cannabis legal and allowing the sector to flourish as a legitimate industry.
VPR Brands continues to advance its own dedication to growth through an experienced management team that’s committed to unique brands and expanded distribution into the CBD vertical. The company offers investors potential returns as it leverages opportunity in the nicotine and cannabis industries. VPR Brands is positioned to build market share and drive scale across different high-growth verticals.
VPR Brands owns issued U.S. and Chinese patents for atomization-related products, including technology for medical marijuana vaporizers and electronic cigarette products and components. The company cultivates brands through direct sales and licensing opportunities in the CBD (cannabidiol) vertical. With its fulfillment center and headquarters in Fort Lauderdale, Florida, VPR Brands includes the GoldLine, GoldLine Hemp, HoneyStick, Helium, Krave, Vaporin and VaporX names (http://cnw.fm/iVN2m).
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://cnw.fm/VPRB
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