$VPRB LP Announces 2016 Fourth Quarter and Full Year Results
VPR Brands, LP (OTC PINK: VPRB) released 2016 fourth quarter and full year revenue and financials. 2016 revenue totaled $1,580,676, which represents a 4,620.85% increase over 2015 revenue of $342. , For 2016, VPR Brands had a gross profit margin of 30.42%, gross profit of $480,852 and a net operating loss of $327,757.
Fourth quarter 2016 revenue totaled $972,322, representing a 59.82% increase over third quarter 2016 revenue of $608,354. Fourth quarter 2016 operating margins were down slightly compared to the third quarter 2016 to 29.03%, with $282,298 in gross profit and a net operating loss of $206,174.
“The acquisition we made in 2016 was a bold move that has added incremental business and value to the Company for the last half of 2016 and has given us a running start into 2017. We believe that the Company is now well positioned to take advantage of the growing cannabis market segment,” said Kevin Frija, CEO of VPR Brands, LP. “We will continue to stay focused on our mission of building long-term value for the Company, both organically or through additional acquisitions that make sense for the Company.”
“I couldn’t be more excited for our portfolio of brands, our team of people, our great clients, our strategic alliances and our growth potential within the rapidly expanding cannabis space. Although 2016 was a short year for us, I believe we have set a solid foundation for growth that we can build upon for years to come,” commented Daniel Hoff, COO of VPR Brands, LP.
Although our sales are not segregated by brand or product category, our primary revenue source is from vaporization devices specifically created for use with medical cannabis and recreational marijuana. These devices are specifically created for use with extract oils and concentrates which are vaped, providing optimal results and the best experience for patients and recreational users. Vaporizers are far more convenient and discrete compared to traditional cannabis use methods. These units are compact, easy to carry and concealable. Modern cannabis vaporizers do not emit distinct and lingering odors that are affiliated with traditional marijuana use. We believe that portable vaporizers as the fastest growing delivery mechanism for marijuana. Our team is currently working with other market leaders within cannabis growth and extraction to innovate and further educate the marketplace on its advantages.
MINIMAX to become the hottest selling new oil extract Vapor battery: throw out your old Vape Pen
FORT LAUDERDALE, FL -- (Marketwired) -- 02/24/17 -- VPR Brands, LP (OTC PINK: VPRB) is revolutionizing the market for vaporizer batteries with the launch of the proprietary MINIMAX Key FOB Battery. Small, light, and powerful the minimax looks like a regular car FOB or clicker, but hidden below the lightweight shell is a 500mah battery that runs at an output level of 4 Volts. This minimal sized battery takes discretion and concealment to the max by fitting on a key chain and having a micro USB plug-in to charge, it flies stealth on any bundle of keys. It is the Vapor battery you cannot leave home without and with the capacity that is 2 times what many vapor batteries are it won't need a charge very often. The battery is a push button design with a preheat function for cold days or thick essential oil, has a locking feature and automatic timeout function as well. The small compact and travel-friendly rectangular design battery which has a convenient key ring is destined to become the go-to product for anyone who chooses to vape instead of burn. FORT LAUDERDALE, FL -- (Marketwired) -- 02/16/17 -- VPR Brands, LP (OTC PINK: VPRB) proudly introduces its new RIPPO brand handheld Vaporizer. An old school design packed with new school technology for the discerning vapor connoisseur. The RIPPO is a must have for anyone who enjoys quality, power, and concealment. The product features a high capacity 1500mah rechargeable battery, micro USB port, ceramic heater, a flip open top for concealment/cleanliness, and a rubberized textured grip for durability.
VPR Brands, LP is excited to introduce their new RIPPO brand vaporizer
VPR Brands, LP is Partnering with Alpha-Cat to Launch Their All in One Deluxe Smoker's Kit
FORT LAUDERDALE, FL -- (Marketwired) -- 02/01/17 -- VPR Brands, LP (OTC PINK: VPRB) entered into an exclusive distribution and sales agreement with Alpha-Cat, the creator of the AlphaPuff all in one deluxe smoker's kit. VPR Brands will represent the patent pending innovative all in one Cannabis water pipe travel kit by strategically introducing it within its distribution pipeline, showcasing it at large cannabis/smoking trade events, and further working with Alpha-Cat to continuously innovate on this revolutionary concept.
The Kit is made from medical grade Lustran ABS and comes complete with a grinder, rolling papers, filter tips, a custom made cleaning brush, and it turns into a portable premium water pipe with the downstem attached. The AlphaPuff kit has perfectly sized storage for rolling cones and aromatic material. In addition, the kit also includes a slim, sleek refillable Alpha turbo Torch lighter.
The value proposition with the AlphaPuff kit is to be offered a premium smoking experience with all supplies in one compact unit for an introductory price. Suggested retail pricing for the AlphaPuff kit is $59.00. For more information visit the website www.alphapuff.com.
VPR Brands, LP (VPRB) Shareholder Corporate Update
The other brands under current management are:
HoneyStick brand (vapehoneystick.com) a premium open tank mod specifically designed and intended to be used for essential oils and which is becoming popular in medical and recreational marijuana legal states.
Vaporin brand (vaporin.com) is a high quality entry-level range of product sold nationwide in smoke shops, convenience stores and gas stations.
VaporX brand (iVaporX.com) a premium mod and open tank system program for the experienced Vape customer all for under $100 and available at retail in custom display.
Hookah Stix brand Hookah flavor inspired cigalikes (which are electronic cigarettes designed to look as much as a tobacco cigarette as possible).
Helium brand (vapehelium.com) the very first eliquid to be sold chilled to stay fresh in its unique customer counter top display chiller.
With regards to the legal Medical and Recreational cannabis markets we have heavy market penetration in California, Colorado, Oregon, Connecticut, and Minnesota as well as service and have accounts in Washington, Nevada, Michigan, New Mexico, Alaska, , Vermont, and Illinois.
Our products are sold in dispensaries with both private label and our flagship Honeystick brand. The Company has aligned with key partners in the states whether on the extraction or distribution side to service dispensaries within each market. We will be providing further updates on these partnerships, but expect our Co-branded items to be rolled into the market in Q4 2016.