- VPR Brands concentrates on building a portfolio of top-notch brands
- The company is contributing to job growth in the new cannabis and hemp economy
- VPR Brands emphasis is product innovation in the cannabis and nicotine verticals
VPR Brands LP (OTCQB: VPRB) is a technology holding company with a presence in multiple lucrative markets. Having built a brand family in the nicotine and cannabis verticals, its present product lineup includes accessories and vaporizers for cannabidiol (CBD), cannabis concentrates, and extracts. A multi-vertical, tiered technology holding enterprise, VPR Brands’ assets also include issued U.S. and Chinese patents for atomization-related products. These include technology for medical-marijuana vaporizers and electronic-cigarette products and components. VPRB continues to implement its effective growth strategy of enhancing its product lines, attracting new customers, and increasing sales.
Florida-based VPR Brands additionally engages in product development for the vapor or vaping market, including e-liquids. In the CBD vertical, the company cultivates an array of brands via direct sales and licensing opportunities (http://cnw.fm/ecK5Q). Its brands include its flagship HoneyStick, which has become the company’s leading product and platform to increase growth across both aforementioned verticals.
VPR’s flagship CBD line—Gold Line—offers a broad product portfolio. Products from this line include pre-rolled joints, vape cartridges, edibles, CBD pens, crumble, and tinctures. The company’s other brands include Dr. Good Hemp, Krave, Helium, VaporX, and Vaporin. Recently, it exhibited its new Gold Line CBD hemp-derived product line at the National Association of Convenience Stores (NACS) Expo in Atlanta, Georgia (http://cnw.fm/hz0Be).
This strategy of cultivating a varied family of premier products is working well for VPR Brands. For investors, it’s worth noting that VPR’s Q1 2019 financial results showed increased revenues and a narrowed net loss when compared with 2018 (http://cnw.fm/HVGn7). The company increased its quarterly revenues roughly 31 percent year-over-year to $1.3 million. Moreover, it slightly lowered its net loss from about $149,000 in 2018 to approximately $138,000 in 2019. By sticking to its foundational business strategy, VPR Brands continues to maintain strong gross operating margins above 40 percent.
Another positive consideration is that in the burgeoning cannabis and hemp industry, jobs are expanding despite regulatory uncertainties (http://cnw.fm/TJ9pb). VPR Brands is contributing to this new economy as more people look for employment in the industry. Cannabis and hemp businesses, such as VPR Brands, hire people from diverse categories and skills. This multifaceted aspect of the cannabis industry—employing myriad types of people, including managers, farmworkers, horticulturists, tech-savvy people, accountants, and marketers—adds to its potential for longevity and growth.
According to HempWireNews, experts believe this employment growth resonates with hemp industry participants like VPR Brands and others. These companies—which have historically insisted that considerable economic benefits will accrue from legalizing hemp as sales grow and companies invest, make capital expenditures, and provide jobs in their communities—are being supported by current industry statistics. A recent sales report shows that this year, CBD sales are expected to surpass $1 billion. This represents 133 percent growth over 2018 sales (http://cnw.fm/sc7F0). By 2024, the forecast is that sales will exceed $10 billion. Thus, the potential is there for VPR Brands to continue to grow sales while providing jobs to foster economic growth.
VPR Brands continues to innovate in the cannabis and hemp marketplace and has a distinct advantage with its experienced management team. The company increased its full-year revenues to approximately $4.6 million last year and remains on course for healthy gross operating margins. By emphasizing and adding first-class products paired with quality distribution, VPR Brands has been able to attract more customers, which has translated to increased sales. For investors, VPR Brands is a doorway to potential major ROI in two significant verticals.
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
CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.
To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CBDWire.com
Do you have a questions or are you interested in working with CNW? Ask Our Editor
CBDWire is part of the InvestorBrandNetwork.