- VPRB’s CEO brings to the team 30 years of experience in sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing
- The company’s COO played a pivotal role in launching VPR Brands’ cannabis-based product division
- VPR Brands has seen impressive quarterly results and is positioned as an up-and-coming player in the cannabis industry
VPR Brands LP (OTC: VPRB), an innovative technology holding company, has partnered with top international brands in an effort to rise to the top of the booming cannabis industry. The company’s 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 currently boasts a strong portfolio of unique brands and is led by a team of seasoned industry professionals. CEO Kevin Frija has decades of experience in sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing. In 2009, he became the president and chief executive officer of Vapor Corp., one of the first publicly traded electronic-cigarette companies. In 2016, Frija purchased the brands and wholesale business assets of Vapor Corp., which is now owned by VPR Brands. He currently leads VPR Brands as it creates inroads into the cannabis industry, a move that is bringing the company increasing sales and profit margins.
Chief Operating Officer Dan Hoff brings valuable experience working in the vaporizer and e-cigarette industry to VPR Brands. He has held various leadership positions at Vapor Corp., including overseeing financial management, accounting functions, supply chain management, product design and development, and key vendor relations. His role in the construction and expansion of VPR Brands’ cannabis-based product division has been instrumental in helping the company pivot toward cannabis products.
VPR Brands’ industry potential has been flying under the radar, but, owing to its experienced leadership and strong brand portfolio, the company has posted impressive quarterly results. First-quarter 2019 results revealed increased revenues, indicating a nearly 31 percent year-over-year increase to $1.3 million. Additionally, the company lowered its net loss from approximately $149,000 in 2018 to approximately $138,000 in 2019 (http://cnw.fm/q8Ao2). The company continues to maintain strong gross operating margins above 40 percent.
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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