- Figures from VPR Brands’ 2018 report point to strong financial performance
- VPR Brands’ growth strategy focuses on high-performance, high-quality products that build expanded brand quality, awareness and loyalty
- The company’s plethora of brands target multiple corners of the lucrative cannabis industry
VPR Brands, LP (OTC: VPRB), an innovative technology holding company whose assets include patented atomization-related products and technology, recently announced its 2018 financial results, boasting increased revenues and a net operating gain.
The company has grown its revenues to almost $4.6 million (http://ibn.fm/Wsh4U) while “reversing its operating loss of over $888,000 to positive territory above $9,000.” Its full-year operating margins grew by almost 20 percent from 2017 to a margin of 441 percent in 2018.
VPR Brands CEO Kevin Frija noted the company’s efforts to maintain growth while being fiscally responsible. In a news release, he stated, “We have all tirelessly worked to build a strong foundation and prove we are capable of maintaining consistent and sustainable growth and still be mindful of financial performance.”
Figures from VPR Brands’ report point to strong financial performance. Operating expenses for full-year 2018 went down from $2,100,901 to $1,905,881, as compared to full-year 2017. Despite this decrease, the company was able to increase revenues by 28 percent for the same period, from $3,610,379 to $4,613,300.
VPR Brands’ growth strategy focuses on high-performance, high-quality products that build expanded brand quality, awareness and loyalty. The company boasts a strong portfolio featuring various brands geared toward multiple sectors of the cannabis and CBD-oil industries.
VPR Brands’ GoldLine utilizes the latest technology to create premium edibles such as gummies and pure honey stix, tinctures, pre-rolled flower, vapable products and creams. Honeystick, a lifestyle brand, tailors its upper-tier vaporizers to the needs of patients and recreational users, and it is sold both online and through a diverse network of distributors, e-tailers, dispensaries and smoke shops.
GoldLine Hemp products, on the other hand, are created without CBD for consumers who aren’t looking for CBD offerings but still want to take advantage of this rapidly expanding class of products. GoldLine’s hemp-only edible hemp gummies are now being distributed nationwide.
This small sampling of VPR Brands’ portfolio shows its industry range and versatility. VPR Brands continues to expand its industry presence by focusing on cutting-edge technology and user-centric designs that are uniquely engineered to be used with cannabis or CBD oils, concentrates and flowers.
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