- Vaping is growing in popularity in the United States and internationally, driving cannabis concentrate sales toward a forecast reach of $47.11 billion by 2025
- VPR Brands has built on the successful acquisition of Vapor Corp. technologies and has recently been growing into the cannabidiol (CBD) derivatives space
- VPR Brands’ GoldLine Hemp products are also finding a niche in the convenience store market as a variety of CBD-free hemp edibles
Vaporizers and e-cigarettes have been enjoying growing popularity in recent years, becoming the largest driver behind cannabis concentrate sales and maintaining a position as the second-largest marijuana product category in the United States (http://ibn.fm/TYH3P). Meanwhile, a burgeoning international market has begun to take shape as a new field for commerce. Innovative technology holding company VPR Brands, LP (OTC: VPRB), whose assets include patented atomization-related products and technology, is building on the expanding opportunities with a variety of products aimed at conscientious vape consumers.
Analysts at Research and Markets foresee growth in the global vaping tank market, calling for a CAGR of 28.92 percent between 2019 and 2023 (http://ibn.fm/IKRxX). Grand View Research predicts a similar 23.8 percent CAGR between 2018 and 2025, culminating in sales of $47.11 billion (http://ibn.fm/upFuU).
VPR Brands has enjoyed steady growth in sales since acquiring Vapor Corp. in 2016, thanks to a product base that includes premium open tank mod Honey Stick – the first lifestyle brand to market to offer a ceramic sub-ohm vaporizer that’s available in three different sizes. Sub-ohm vaporizers have become popular with consumers looking for a stronger straight-to-lung vapor or flavor thanks to their low-resistance, higher-wattage output mechanics (http://ibn.fm/WHm6C).
In addition to the Honey Stick, VPR Brands’ technology is making premium cannabis concentrate vaporizers available to white label customers through its private label program. Its portfolio of brands also includes high definition Helium e-liquid, which is sent in vaping chillers that are scientifically proven to preserve flavor, freshness and aroma by utilizing a squeezable bottle with a drip tip that’s engineered to deliver 77 percent vegetable glycerin, as well as Vaporin, another vaporizer brand in VPR’s portfolio that was recently launched as a convenience friendly sub-ohm series of starter kits. All of these are available through Vapor Store Direct, one of VPR’s websites that is dedicated to serving e-liquid wholesalers in the United States with internationally elite brands and a strong suite of restock supplies.
In recent months, VPR Brands has also successfully entered the cannabidiol-derived products market with brands such as GoldLine’s Gummies And Pure Honey Stix, tinctures, pre-rolled flower, vapable products and creams; GoldLine Hemp’s CBD-free hemp edibles developed specifically for the convenience store market segment; and VaporX, which combines some of the best off-the-shelf products from brands such as KangerTech, eLeaf, Aspire, Pioneer4You, JoyeTech and Samsung to create connoisseur-grade vaporizer kits.
“One of our most notable accomplishments in 2018 was the successful release of our GoldLine product division, which sells cannabidiol (CBD),” CEO Kevin Frija informed shareholders in a December news release. “Our GoldLine product division is not only a good parallel to our vape portfolio, but also gives us exposure within the consumable supplements and nutraceuticals sectors, greatly increasing our target markets and potential customers. We believe that the repeat business frequency in these sectors adds an exponential factor into our growth equation… We expect to continue to add to our product line, while also increasing our supply to meet growing demand.”
The company launched its international sales efforts in 2017, with plans to headquarter Director of International Sales Ezequiel Pavlotsky in the European Union this year so that he can best represent the company and build relationships with distributors in the region’s varied countries. Frija said that VPR Brands had almost completed the required testing and certification to allow all of the company’s products to be imported and sold in the EU at the time.
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