- VPR Brands’ quarterly revenues are up by 31 percent
- The company maintains healthy gross operating margins in excess of 40 percent
- The e-cigarette/vapor market is estimated to hit $9 billion in 2019
Recent financial results released by VPR Brands LP (OTC: VPRB) show that the multi-brand developer and marketer of nicotine and cannabis products has what it takes to scale up successfully. Revenues for the first quarter of 2019 are up, year-over-year, approximately 31 percent, continuing the trend from the year before, when the top line for 2018 climbed to $4,613,300 and marked a 28 percent increase over 2017 revenues of $3,610,379. If the innovative provider of smokeless cannabis and nicotine products maintains its current gross operating margins in excess of 40 percent, break-even doesn’t seem very far away.
VPR’s product portfolio positions the company to capitalize on lofty projections for the e-cigarette/vapor market, as well as the fledgling cannabis industry. Notably, the cannabis sector is still far from maturity. In 2016, the last year for which data is available, just 16 percent of the population aged…
NOTE TO INVESTORS: The latest news and updates relating to VPRB are available in the company’s newsroom at http://nnw.fm/VPRB
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