- Medical marijuana products could soon be available in licensed Louisiana dispensaries, presenting opportunity for VPR Brands
- The company’s FY2018 financials show impressive growth
- VPR Brands recently launched the HRB Turbo Dry Herb Vaporizer by HoneyStick
VPR Brands LP (OTC: VPRB) is a technology holding company based in Fort Lauderdale, Florida, whose assets include patented, atomization-related products and technology. Marijuana industry watchers believe that the long wait for VPR Brands is showing signs of coming to an end, as legislation bodes well for those waiting to benefit from medical marijuana.
Early this week, officials from the Louisiana Department of Agriculture and Forestry (LDAF) announced that medical marijuana products could be available in licensed dispensaries as soon as next week. This news has been a long time coming for both patients and dispensary owners, who have endured countless delays since 2015, when voters approved a measure to legalize medical cannabis (http://ibn.fm/jLkv7).
In more good news for the company, VPR Brands announced its 2018 financial results, posting increased revenues and a narrowed net loss as compared to 2017. Full-year gross operating margins for 2018 increased by almost 20 percent from 2017, to a margin of 41 percent in 2018 (http://ibn.fm/z3RBB).
Finally, VPR Brands recently launched its HRB Turbo Dry Herb Vaporizer by HoneyStick. The HRB Turbo is an ultra-premium, pocket-sized dry-herb vaporizer available for only $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 (http://ibn.fm/jrhPJ).
VPR Brands LP continues to drive scale across diverse high-growth verticals. The company’s current lineup of products includes accessories and vaporizers for cannabidiol (CBD), cannabis concentrates and extracts. The company is also engaged in product development within the vaping market and partners with top international brands to elevate its products within the vaping industry.
VPR Brands has a seasoned management team with wide-ranging experience in the vaporizer category. CEO Kevin Frija is a veteran entrepreneur with nearly 30 years of experience in sourcing, manufacturing, supply chain management, marketing, advertising and brand licensing. The company employs a growth strategy centered on high-performance, high-quality products that build exponential brand equity, awareness and loyalty.
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