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Recent Lawsuits -Updated Jan 11
After the 2nd disclosed settlement, I thought I'd update the lawsuits I see and recent activity. The biggest ones are the first 2 and both very much in play, and likely feeling the heat as smaller players have settled.
VPR Brands LP v. Jupiter Research LLC ***The largest player***
- Jupiter has requested a stay pending inter parties review
- VPRB to respond this week- interesting to see the strategy play out here
- Jupiter does $200M+ in vaporizers... meanwhile they have settled other cases with 2 companies doing a combined $1.5-2M annually (based on what I could find on the internet) for $400K. This case is the most important.
VPR Brands, LP v. Cool Clouds Distribution, Inc.
- Last Activity Oct 13, 2021
- Entered protective order - moving towards trial beginning May 2022
- Trial is now scheduled for Dec 2022 with discovery coming before that
VPR Brands, LP v. XL Vape, LLC
- Last Activity July 27
- Lawsuit ended without prejudice, unknown settlement
VPR Brands, LP v. BAE Worldwide LLC
- Last activity: Nov 29, 2021
- Nov 15 - "Parties discussed settlement but have not reached agreement"
- Requested motion for judgement of pleadings and VPR has until 12/8 to respond.
-Jan- Case was agreed by both parties to be dismissed - unsure of settlement at this time.
VPR Brands, LP v. PHD Marketing Inc. (settled with below)
VPR Brands, LP v. HQDTECH USA LLC
- Notice of settlement Nov 12, just hit news today.
- NEPA 2/Wholesale
VPR Brands, LP v. Myle Vape Inc. et al
- Schedule order coming up on 2/11...trial likely later in 2022 unless settlement comes sooner.
VPR Brands, LP v. MONQ, LLC
- Jury Trial Q1-2023 but parties remain open to negotiations
- Jan they requested motion for inter party review, VPRB to respond by Jan 18
VPR Brands LP v. B&G Trading LLC
- Last activity Oct 12, 2021
- VPR Stipulation to dismiss without prejudice on Oct 8
- Settlement unknown
Recent Lawsuits
With the recent news of a settlement I thought I'd share recent activity for some of the on-going lawsuits. I have no legal background and doing my best to interpret. The win today is a good step in the right direction.
PR: https://www.globenewswire.com/news-release/2021/05/06/2224375/0/en/VPR-Brands-Has-Recently-Filed-Three-New-Lawsuits-to-Enforce-Its-Intellectual-Property-Patent-Rights.html
VPR Brands LP v. Jupiter Research LLC
- Jupiter submitted claim construction and appears parties are in agreement ahead of trial in 2022
VPR Brands, LP v. Cool Clouds Distribution, Inc.
- Last Activity Oct 13, 2021
- Entered protective order - moving towards trial beginning May 2022
VPR Brands, LP v. XL Vape, LLC
- Last Activity July 27
- Lawsuit ended without prejudice
VPR Brands, LP v. BAE Worldwide LLC
- Last activity: Nov 29, 2021
- Nov 15 - "Parties discussed settlement but have not reached agreement"
- Requested motion for judgement of pleadings and VPR has until 12/8 to respond.
VPR Brands, LP v. PHD Marketing Inc.
VPR Brands, LP v. HQDTECH USA LLC
- Notice of settlement Nov 12, just hit news today.
- NEPA 2/Wholesale
VPR Brands, LP v. Myle Vape Inc. et al
- Basically have until 12/30 to respond to court
VPR Brands, LP v. MONQ, LLC
- Jury Trial Q1-2023 but parties remain open to negotiations
VPR Brands LP v. B&G Trading LLC
- Last activity Oct 12, 2021
- VPR Stipulation to dismiss without prejudice on Oct 8
The company communication and lack of insider buying.
Full disclosure I own millions of shares but don’t park money here if you’re not patient.
The company is tremendously undervalued but they have little focus on telling their story. They will someday and maybe by then the price won’t be single digits.
I am concerned that there has been NO insider buying from anyone. The share price is 3 cents and a 2.5M valuation. You’d think that would be low enough for them to mortgage the home if they believed in the long term company valuation. Kevin does own 20M shares (25 percent) which is more then 99 percent of pink sheets but he has bought in the past when it got this low…. Just a yellow flag of caution to consider
The HCMC VPRB “merger” and my point of view
First - that Twitter account with the post: https://twitter.com/askwarrenbuffet/status/1389023712880381956
If you did ANY DD and clicked the account it is a parody account! It’s for fun! That Twitter handle is not real. It is mostly a waste of time if you follow it
Could they merge back together - maybe?! But I don’t personally think it happens for a few reasons with the biggest being VPRB current valuation is only 5M and I doubt HCMC would agree to the appropriate valuation.
Why are people even talking about this? VPRB and HCMC when they were one entity use to be listed on the NASDAQ Vapor Corp. Kevin Frija bought some of the assets and formed VPRB, the old CEO of Vapor Corp.
HCMC loaned VPRB money at 7 percent interest and its due this fall. They definitely still speak.
HCMC is valued at $600M and does $15M revenue while VPRB does 5 million valued around $5M. VPRB has quite a few lawsuits (9) in the works against all the major manufacturers for vaporizers - the biggest being Jupiter Reseach owes by TILT.
From my understanding, Kevin left Vapor Corp prior to their embark into buying brick and motor buildings which was the beginning of the end.
VPRB just launched www.Dissim.com pretty cool lighter selling on Amazon, Walmart and other places. That just started and it was one of the top kick starter crowd funding projects in 2020. The fact Dissim sold for only 5 percent royalties seems like a win-win.
I love following HCMC and VPRB. These two companies that went different directions but where one had a valuation that makes doge seem cheap! The other a legit business valued at 5M!
Another fun note - Holman at HCMC takes a $500K salary and generates new shares for a living and people pump this entity valued at $600M. Good for him I guess... HCMC has a cult type following, and the chart looks decent so valuation really doesn’t matter to anyone and it could double to be valued at 1.2B. Nothing would surprise me.
HCMC and VPRB use to be listed on Nasdaq! News today!!
These companies use to be one in the same as Vapor Corp. HCMC has an existing business loan that is due this fall at a 7 percent interest rate! They clearly still talk and give favorable terms to each other?!? They both started lawsuits around same time? Coincidence?
$VPRB is for the auto draw technology which covers most vaporizers - just in today they filed a 9th existing lawsuit! Only valued at $5M with 85M O/S shares and recently launched their new lighter into Walmart too!
Perhaps HCMC will loan them more money when this loan comes due?!?
Link: http://www.conferencecalltranscripts.org/summary/?id=209177&pr=true
Q1 earnings due next 2 weeks. Mild expectations as Chinese New Year and Dissim had just started. Q2 sales though should set a quarterly record for the company. IMO
$HCMC + $VPRB were NASDAQ Vapor Corp!
Crazy to think they were listed - VPRB valuation only $5M too! GL to these two entities!
OEM Inverted Lighter - "carbon"
It appears the company is also trying to OEM the inverted lighter.
https://www.vesselbrand.com/products/carbon
To be honest, don't love that there is 0 product differentiation here. Would love to see at least have it in different colors?
This does open up though the possibility of partnering with another brand with higher brand identity...
Hcmc looks awesome on this breakout and also thinking Vprb (company they have the loan too and former piece of vapor Corp) has followed identical chart the last 4 months. Thinking they both pick up steam
Vapor Corp = HCMC + VPRB & why it matters
The Vapor Corp management team took Vapor Corp public on the NASDAQ. Some of the assets were purchased by Kevin Frija, former CEO, and he started VPRB. The remaining business eventually turned into HCMC. HCMC actually HAS a loan to VPRB at very favorable terms if you read their 10K. They definitely talk!
Both companies are in lawsuits with major companies seeking monster windfalls for different reasons.
Check the stock prices out the past 4 months. They are very correlated. VPRB is only valued at $5 million and just launched the worlds first inverted lighter brand www.Dissim.com into Walmart, Amazon, etc. they are already profitable selling the old HCMC assets they acquired from 2015.
This all matters because could HCMC and VPRB reunite? VPRB will need cash as they expand this brand and are only valued at less than 1x revenue. What!!!!
Links:
https://sec.report/Document/844856/000157104916017019/t1601918_ex1-1.htm
Note 7. NOTES RECEIVABLE AND OTHER INCOME
On September 6, 2018, the Company entered into a secured, 36-month promissory note with VPR Brands L.P. for $582,260. The Note bears an interest rate of 7%, which payments thereunder are $4,141 weekly. The Company records all proceeds related to the interest of the Note as interest income as proceeds are received.
A summary of the Note as of December 31, 2020 is presented below:
Description Due Date Interest Rate Loan Amount Payments Received Remaining Balance
Promissory Note 9/6/2021 7% $ 582,260 $ 277,749 $ 304,511
HCMC and VPRB stock prices moving in tandem. Coincidence?
Check out the charts the last 5 months - almost identical type moves. VPRB was formerly Vapor Corp (which turned into HCMC). HCMC management obviously knows Kevin since he was the former CEO Vapor Corp & HCMC loaned VPRB money recently at a low interest rate.
Both these companies have lawsuits on-going against major entities (for different reasons) and could have a major windfall. Both worth owning, VPRB market cap only $5M has a bit more runway IMO ..Just my two cents.
Dissim now being sold at WALMART online
https://www.walmart.com/ip/DISSIM-Inverted-Luxury-Adjustable-Soft-Flame-Butane-Lighter/430367611?wmlspartner=wlpa&selectedSellerId=101027609&&adid=22222222228418077958&wl0=&wl1=g&wl2=m&wl3=503840619087&wl4=pla-1189185626765&wl5=9015108&wl6=&wl7=&wl8=&wl9=pla&wl10=270988958&wl11=online&wl12=430367611&veh=sem&gclid=Cj0KCQjwse-DBhC7ARIsAI8YcWK9dzdVLF_5KVMiGcqSbGurBf_o4llD00CrRMrQn_YmL993gYJH7l8aApWjEALw_wcB&gclsrc=aw.ds
Yes, Dissim is at Walmart. And you can buy this company for a $3.5M valuation today. It’s truly insane
2020 Analysis + 2021-2022 Financial Projections
After reviewing the annual report I thought I'd share my perspective - which of course includes the bias that I own shares but believe the last 5 months we have turned the corner and are heading to dollar land in the next 12-24 months.
2020 Q4 Recap
1. Revenue was $1.2M, up 27% vs PY Q4.
2. Gross Margin was 51% in Q4! This was up from 38% in Q2, and 43% in Q3. Note in 2018 and 2019 it was 42% and 33%, respectfully. If we can maintain near 50% GM % going forward that is a complete game changer. This is driven from pricing, likely lowering our input cost and of course new product introductions at higher price points.
3. S&A cost as a % of sales were 40%, this is DOWN from 46% in 2019. The last 2 quarters of 2020 they were 40% of sales - and as they moved through the new COVID world it seems they got lean and mean. Going forward as they continue to leverage their existing supply chain - they should leverage nicely and continue to keep that 40% or lower.
4. OI (before interest and taxes) was $129K. This was the 3rd straight quarter of operating profit - up to 11%.
Overall IMO - Q4 was the best financial performance by the company since I started following it back in 2018.
2021-2022 Forecast
Here is my opinion.
1. Assuming they can continue to grow in the 25% range on their CORE business (excluding Dissm and lawsuit infringements) the revenue would be $5.6M in 2021 and $7M in 2022. This seems really fair as a base case.
2. If GM% can stay in the 50%, and they can continue to leverage their fixed cost structure driving S&A cost down to 35-37% range then they will have $1.1M of income in 2022.
3.The 2 wild cards are DISSIM and Patent infringements. IMO based on the DISSIM reach in such a short period of time that $1.5 and $3.5M in sales for 2021 and 2022 is VERY reasonable. Look at Amazon, youTube, etc. They are selling this product internationally at will. The first batch of DISSIM lighters had some minor flaws which drove the stars down on customer reviews - but over the past 2-3 months the stars have been steadily rising (it now has 4.3 stars on amazon over past 3 months and up to 4.0 overall - this is after the slow start). The DISSIM lighter should be able to leverage nicely with minimal S&A cost adds - but let's assume $250K of cost adds by 2022 on the $3.5M of revenue. This scenario adds $1.5M of income in 2022 just from Dissim alone. Again, IMO this is the wild card and could easily blow up into 5-10x this.
4. If you take the $1.5M dissim in the conservative case above + the $1.1M from the core business - VPRB could so $2.6M in OI by 2022. With a 35 PE that puts valuation at $1.00
5. Clearly these are projections but they do not feel to pie in the sky. They EXCLUDE ANY BENEFIT FROM THE INFRINGEMENT LAWSUIT WHICH COULD BE MILLIONS IMO. Also, we all know 99% of penny stocks have HIGHER valuations on FAR FAR LESS. There is always the scenario where this starts to get more investor awareness and it trades $1, $2, $3 just because... Don't forget the CEO here took KRAVE brand public...and the COO Dan Hoff is as passionate and an industry guru. They both own millions of shares and take normal salaries from the business - so when we win they win.
Good luck to anyone investing here - clearly anything under $.20 IMO has SIGNIFICANT RISK/REWARD OPPORTUNITY.
Not sure everyone saw the NT (late notice filing) but they did attach FY results that would indicate a very strong Q4 of revenue growth in the 15-20% range and break-even net income (compared to Q4 loss of $500K last year). Revenue of approximately $1.2M is also solid - all before dissim.
In some earlier post I outlined the first 3. I get daily updates on filing documents. Sign up.
Last post had the wrong link:
https://www.otcmarkets.com/filing/html?id=13942466&guid=WozaUeSHJMSstth
Diamond Rock and the $5 million offering - 1 year ago
Link: https://www.otcmarkets.com/filing/html?id=13863121&guid=WozaUeSHJMSstth
What was it?
On February 19, 2020 (the “Execution Date”), VPR Brands, LP (the “Company”) entered into an Equity Purchase Agreement (the “Equity Purchase Agreement”) with DiamondRock, LLC (the “Investor”) pursuant to which, upon the terms and subject to the conditions thereof, the Investor committed to purchase shares of the Company’s common units (the “Put Shares”) at an aggregate purchase price of up to $5,000,000 (the “Maximum Commitment Amount”) over the course of the commitment period.
At the time I could not wrap my head around why this deal was even put in place because of my understanding of this clause:
The Put Amount Requested pursuant to any single Put Notice must have an aggregate value of at least $25,000, and cannot exceed the lesser of (i) $250,000, or (ii) 150% of the average daily trading value of the common units in the five trading days immediately preceding the Put Notice.
What made even LESS sense was the 2nd part of that clause:
cannot exceed the lesser of (i) $250,000, or (ii) 150% of the average daily trading value of the common units in the five trading days immediately preceding the Put Notice
The volume back then was peanuts - even if it was 100K on average, it would mean 150K units max and at 3 cents it was $4,500. This means it DID NOT hit the first part of the clause of at LEAST $25K. What I said then, in order for this deal to make ANY sense the stock price would have to be MUCH HIGHER or have MUCH MORE VOLUME then it did in early 2020. Why go through the effort of writing up this contract this way?
Flash forward to this week.
Is this deal dead? Is this deal now alive and we are raising equity at higher valuations. Which by the way, I don't think is a bad thing at all...
The rise in stock price - was there insider buying? I haven't seen a sec filing yet so I assume not. Who was buying up the stock hand over first up to $0.25?
Would be nice for the company to explain the reasoning of this deal and if it is still alive and finally have a annual shareholder meeting to review all the great developments.
VPRB (formerly HCMC) updates lawsuit and it’s origins date back to same President
The CEO of VPRB was the CEO of vapor corp / HCMC. No surprise both are capitalizing now on their IP.
Stocks have similar trajectories.
https://ih.advfn.com/stock-market/USOTC/vpr-brands-pk-VPRB/stock-news/84360354/vpr-brands-update-on-enforcement-of-u-s-utility-p
HCMC and VPRB also share a loan
VPRB Lawsuit against Jupiter (TILT) & Theories
We should get an update next 2 weeks as the date for trial is fast approaching.
Remember that Jupiter was acquired by TILT holdings and manufacturers auto draws to hundreds of various brands across the world.
From someone who’s followed the stock for 4 years the recent volume is NOT from just random investors pumping the price up. VPRB has no investor community. You’ll find a few random tweets, nothing of materiality on any message board, etc. The other times volume has been this high was when Kevin went on his insider buying frenzy last year.
Here are my top 3 theories on share price movement
1. The owners of Dissim and/or investors related to the transaction realize the vast potential of the product line and not only want royalties but might as well purchase back the brand at a reasonable market cap of $10-$20M. In other post I’ve laid out reasons I think the stock can get to $2.
2. People in the know of the lawsuit and/or private equity realizes the vast valuation it will bring to the stock. Even at $.20, the valuation is just $17M. The lawsuit alone could drive more value then the current share price.
3. The company needs to raise volumes in trading based on the $5M private placement they did last winter with Diamond Rock. If you read through the conversion to access the $5M, I said last year that volume would have to be significantly higher and\or share price based on structure. However, I see this as least likely - but if true, means there could be need for immense capital related to #1 above
The end of the day - there is no way this is related to the industry movement - the stock doesn’t work that way, never has. It just happens to correlate now - and I truly believe that’s a coincidence..
Heading to dollar land soon IMO.
Yea, the initial runs had some kinks, and some of it is customer awareness. I’ve purchased 2 and never had an issue
Ticker on Dissim Website
The ticker has been proactively taken down off the DISSIM website for VPRB.
Why would they do such a thing. Chew on that.
HCMC lawsuit is for a different patent.
Here was the acquisition. I didn’t say they bought the patent just saying they have history, lots of it.
http://vprbrands.com/vpr-brands-l-p-otcvprb-announces-acquisition-of%E2%80%8E-wholesale-business-assets-vapor-corp-otcvpco/
Here is the other patent:
https://www.globenewswire.com/news-release/2019/11/25/1952157/0/en/VPR-Brands-Update-on-Monetization-and-Enforcement-of-U-S-Utility-Patent-for-Electronic-Cigarette.html
$VPRB is also in court, trial date set for March.
Here is the trial on auto draw
https://www.docketbird.com/court-cases/VPR-Brands-LP-v-Jupiter-Research-LLC/azd-2:2020-cv-02185
Vprb also CEO is former CEO IOC vapor Corp / HCmC, they also have the $500K loan together
VPRB and HCMC Lawsuits.
VPRB lawsuit update yesterday!
Update:
https://www.docketbird.com/court-cases/VPR-Brands-LP-v-Jupiter-Research-LLC/azd-2:2020-cv-02185
Remember, HCMC loaned VPRB $500K. VPRB purchased the old Vapor Corp wholesale assets.
There is plenty of links everywhere between VPRB and HCMC. Look at the charts.
It amazes me that HCMC has thousands of post - yet VPRB volume is correlated to some extent and there is no activity on that board besides me as the stock goes from $.02 to $0.24 (high today).
HCMC AND VPRB TO THE MOON.
I can see by the volume...
That I am not the only one in this stock. The volume has picked up quite a bit and it can't just be from the recent "pot spike". It's either DISSIM related, private equity or perhaps related to the court case.
Speaking of that...yesterday there was an update from Jupiter. Hold on to your seats - still think we are heading to dollar land within the 1H of 2021.
Update:
https://www.docketbird.com/court-cases/VPR-Brands-LP-v-Jupiter-Research-LLC/azd-2:2020-cv-02185
Case for $2+ share price by the end of 2021
Disclaimer. I own shares and these estimates and numbers are merely my opinion for debate. Do not invest based on me, do your own DD.
The case for a $170 million valuation or $2+ share by the end of 2021. It’s not that far fetched - and might even be the “base case”.
To get to that valuation, I’m targeting $5 million of 2022 annual operating profit or a 34 forward PE as of Dec 2021. For a high growth company like this - not far fetched - and heck traders have moved Micro cap valuations for FAR LESS.
They are fairly close to break-even at their cost structure today. In matter of fact they had an operating profit in Q3 2020 amidst a very difficult industry and world backdrop.
Ways they can achieve $5 million OI in 2021
- DISSIM world wide revenue reaches $10-15 million and at 20% op. margins that’s $3M right there. They are retailing the lighter at $45, made in China, 5% royalties - sales and distribution structure mostly in place, these are not crazy figures. They also have a lot of new product introductions and product line extensions in the works - colors, dual wind proof, etc. check YouTube, the views on some of these videos and the comments shows significant product acceptance.
- CBD Goldline and CBD brands can grow $3 million in revenue during 2021 at 33% operating leverage and add close to $1M operating profit.
- Flagship Honeystick line of vaporizers can add $2M at 25% leverage or $0.5M.
- Krave E-Cig and Nic gummies add another $2M sales and 25 % leverage for another $0.5M The nicotine gummies could have MM upside.
That’s $5 million OI right there and gets us to a $2 valuation. But wait, sure, there is risk above, but likely opportunity as well. What’s not even considered yet in the valuation though....
- Legal lawsuits could end up netting $0.5M or annual profit it royalties. This could be as high as 5M+ payments as well. They could see the auto draw patent.
- VPR Verified - they have signed distribution agreements
- vertical more directly into marijuana could happen
- the other brands not mentioned above - See website for details.
Key additional and non-financial reasons this growth is attainable:
- Kevin gets paid by increasing the share price. He owns 15-20% OS shares. He takes a modest CEO salary <$250K when you factor in the interest he’s earning off loaning the company money from time to time at 24%.
- They should become cash flow positive quickly with DISSIM and core growth.
- Management has done this all before taking Krave branded E-Cig public.
- Management has a history of signing national distribution and supplier agreements.
- Company hasn’t yet even scratched the surface on becoming more vertically integrated
- Company can easily do a product line extension into Marijuana and capitalize on the industry growth
I’m holding... if I’m half wrong it’s $1. All I know is that today’s valuation of $6 million is grossly misguided. Kevin, has done this all before, and with the recent acquisition of DIssim, the companies trajectory and future has never been brighter. Cheers to the run from $.02 to $2.
Kevin Frija has launched into DOLLAR TREE before.
Link:
https://www.prnewswire.com/news-releases/vapor-corp-launches-krave-king-at-family-dollar-stores-nationwide-236713491.html
Headline: Kevin has NATIONAL relationships - and took his former company Vapor Corp to being a public company with national distribution. Don't think for a MINUTE that isn't why DISSIM sold for only 5% royalties to Kevin and VPR Brands. They have DONE IT BEFORE. They have opportunities to spread their CBD Goldline, Krave, DISSIM, Honeystick brands nationally...It wouldn't shock me to learn of a DISSIM national launch in 2021. It would explode the stock towards $1 overnight.
Vapor Corp. Launches KRAVE® KING At Family Dollar Stores Nationwide
NEWS PROVIDED BY
Vapor Corp.
Dec 20, 2013, 09:00 ET
SHARE THIS ARTICLE
DANIA BEACH, Fla., Dec. 20, 2013 /PRNewswire/ -- Vapor Corp. (OTCQB: VPCO), a leading U.S. based electronic cigarette company whose brands include KRAVE®, Fifty-One®, VaporX®, Hookah Stix®, Alternacig®, EZ Smoker®, Green Puffer®, Americig®, Fumare™ and Smoke Star®, announced today that its KRAVE® KING tobacco and menthol flavored products are now available at all 6,600 Family Dollar Stores nationwide where tobacco is sold. KRAVE® KING will be the first electronic cigarette sold at Family Dollar Stores and will sell for $5.99 per pack.
"We are excited to expand the distribution of our KRAVE® KING brand of disposable e-cigarettes with the addition of 6,600 Family Dollar Store locations nationwide. Family Dollar represents the third national retail chain to carry our products, which we believe is a great indicator of our position for growth as a leading e-cigarette company," stated Vapor CEO, Kevin Frija. "With the same size and feel of a traditional cigarette, as well as exceptional taste and quality, the KRAVE® KING has the potential to lead the e-cigarette market."
"The tobacco consumer is more educated than ever about the benefits of disposable e-cigarettes as an alternative to traditional cigarettes. This is helping increase demand on a national scale, especially when retailers are able to offer our e-cigarettes for $5.99 per pack. The positive reception among tobacco customers is quickly transitioning into broad agreements with major retailers, which will help drive future growth," concluded Mr. Frija.
Krave Brand
The Krave brand was the original E-Cig. It is where Kevin took Vapor Corp from a few million in revenue to $30M+ and they eventually went public to be the first. Since then JUUL came in and owned the market of E-Cig.
Flash forward to 2021. The company appears to be focusing in back on the KRAVE brand that still has some strong brand equity.
Check out these two websites:
www.kraveit.com
www.kravenic.com
They have launched nicotine gummies with the Krave Brand. There is plenty of products that have gum, patches, etc. However, to use gummies is fairly new concept and with their distribution into the convivence stores there might be some future revenue expansion here.
DISSM REACH
Everyone can read the PR, google DISSIM and see the thousands of videos.
It clearly has strong reach. I just wanted to highlight a key line in the past PR..."the reach outside the US"
Here is just one video on youtube that has 30K views for DISSIM in the Middle East.
VPR Brands v. Jupiter Research
Update:
https://www.docketbird.com/court-cases/VPR-Brands-LP-v-Jupiter-Research-LLC/azd-2:2020-cv-02185
It appears the next court date is early March. The lawyers should be meeting now to negotiate prior to moving into the next phase (jury)
For those who are not aware - VPR Brands owns the utility patent for the auto draw technology that you see in MANY modern day vaporizers. They appears to be finally starting to take LEGAL action. It is unknown how many other cases are being settled outside the courts.
Here was the PR a while ago regarding the subject:
https://www.cannabisnewswire.com/vpr-brands-lp-vprb-seeks-to-protect-patented-auto-draw-technology-as-vaping-industry-booms/
Is anyone a backer on kick starter here?
I'd like to know what the recent post was about... :)
It says Dual Torch Windproof a lighter a huge success...
Wondering what type of information was shared -- assume it wasn't material in nature since DISSIM is now a public company. Thanks in advance if you can share.
https://www.kickstarter.com/projects/dissim/dissim-inverted-lighter/posts
VPRB purchased some HCMC assets from Vape Corp - both have upside!
Both HCMC and VPRB have patent lawsuits in the court that could reflect significantly higher valuations in the weeks and months to come.
Sorry - I was responding to a question about a correlated ticker (not HCMC) VPRB purchased HCMC old vapor corp assets and is in the court as well.
It's a LP - which means it automatically can have as many authorized shares as they want (or Kevin wants). It has been like that for years... He owns 25% of the outstanding shares and would be counter productive to his own interest to issue shares.
VPRB Lawsuit Big Deal and has history with HCMC
HCMC sold their vapor assets to Vape Corp. VPRB purchased from Vape Co.
VPRB CEO is the former CEO of KRAVE the first E-Cig. VPRB owns the patent for the auto draw technology and is starting to be active in the courts
See Here:
https://dockets.justia.com/docket/arizona/azdce/2:2020cv02185/1254633
Stock just starting to move up from $0.02 to $.06. Could be worth $1 as they begin to capture infringement penalties across the vape sector. They haven't yet hit courts against Juul as I assume they could be negotiating.
Interested further in VPRB? Check this out.
Update to Shareholders - Why Invest in VPRB?
About me: I've owned MANY shares of VPRB over the past 3 years and I still own a significant amount of shares and figured I'd do my best to provide an "investor update" based on my knowledge from the outside looking in since the company rarely provides any. I've spoken to Kevin a few times (not in the past year) and he is a great guy - with strong skills and knowledge in this space - and is always just focused on building a company - not a stock price. The stock price will follow he says -- eventually he will be correct -- but since many of you are new here I will do my best to give you an update from what I've tracked down personally since you won't find an IR team here.
Top Reasons I'm here:
Before I get into it...at 5.5 cents the company has a valuation of about 5M. It is INSANE how cheap the company is with the upside and revenue streams.
1) The management team is great. Kevin was the CEO of Krave E-Cig, the first publicly traded E-Cig company. He helped lead them from a few MM in revenue to over $28MM. He knows the industry and has strong relationships. He has also built a very solid team around him - with Gary and Dan -- The management team is also fairly aligned with shareholders as Kevin owns ~15-20M shares - is only compensated around $160K and is mostly going to "get paid" by increasing the share price.
2. They just acquired DISSIM in October for an undisclosed amount. This is the world's first inverted lighter. Pretty neat - I will post links below. The company issued no PR and has silently been adding it to the website.
www.dissim.com
How do I know it was purchased? Check out "updates" with the kick starter campaign:
https://www.kickstarter.com/projects/dissim/dissim-inverted-lighter/posts/2991222
First of all we want to thank everyone for their continued support and input. The Dissim Team is hard at work developing on what turned out to be a very successful revolutionary design by adding 6 new colors for the holidays and even testing a new dual torch windproof version of the lighter. All of the tooling and samples are completed and our team is doing the final testing and adjustments for these new and exciting SKUs. The company is looking at even making smaller / slimer versions of this great design. Dissim was actually purchased by VPR Brands , LP a publicly traded company ( ticker VPRB) that has a portfolio of brands , primarily within the vape space. The company has established operations, distribution, manufacturing experience, and valuable supply chains which should help Dissim grow in distribution and diversify its industries to expand the product sales.
DISSM if you do a simple google is all over the place - and been selling well on Amazon...up to 40 reviews.
https://www.amazon.com/DISSIM-Inverted-Lighter/dp/B08FXPDNZF
3. The company has multiple revenue streams and brands -- Check them out:
www.cbdgoldline.com
www.kraveit.com
www.vapehoneystick.com
www.vprverified.com
Go here for the other brands: http://vprbrands.com/
4. The company also is trying to sue other companies for breaching their technology. Below is a link to the latest lawsuit -- had some filings in Dec and mid-Jan here. If this has any traction then the company is extremely undervalued.
https://dockets.justia.com/docket/arizona/azdce/2:2020cv02185/1254633
5. Company turned an operating income profit the last Q - in the midst of a pandemic.
Overall - The company is creating brands with CBD. They have a great vaporizer brand that has a nice established base called Vape Honey Stick. They are testing out VPR Verified. They are going after patent infringements and lastly they aquired DISSM - the inverted lighter.
The DISSIM valuation alone could be $10-20M in a year or less. Just think if they land in a Cabela's - and sell a few hundred thousand of them. They will be launching colors soon.
The lawsuits - if they settle for these large companies who are breaching their vaporizer auto draw technology - could be millions as well. A long shot - now that they are in the court system - it's much more real.
Overall - SO many revenue streams, GREAT management team (who have built public companies before) - I'm still in - and can see a day this stock gets to an appropriate valuation of 5x revenues or 25M (0.30 cents) - but with huge upside opportunity as they build these revenue streams to push it towards $1.00.
Update to Shareholders - Why Invest in VPRB?
About me: I've owned MANY shares of VPRB over the past 3 years and I still own a significant amount of shares and figured I'd do my best to provide an "investor update" based on my knowledge from the outside looking in since the company rarely provides any. I've spoken to Kevin a few times (not in the past year) and he is a great guy - with strong skills and knowledge in this space - and is always just focused on building a company - not a stock price. The stock price will follow he says -- eventually he will be correct -- but since many of you are new here I will do my best to give you an update from what I've tracked down personally since you won't find an IR team here.
Top Reasons I'm here:
Before I get into it...at 5.5 cents the company has a valuation of about 5M. It is INSANE how cheap the company is with the upside and revenue streams.
1) The management team is great. Kevin was the CEO of Krave E-Cig, the first publicly traded E-Cig company. He helped lead them from a few MM in revenue to over $28MM. He knows the industry and has strong relationships. He has also built a very solid team around him - with Gary and Dan -- The management team is also fairly aligned with shareholders as Kevin owns ~15-20M shares - is only compensated around $160K and is mostly going to "get paid" by increasing the share price.
2. They just acquired DISSIM in October for an undisclosed amount. This is the world's first inverted lighter. Pretty neat - I will post links below. The company issued no PR and has silently been adding it to the website.
www.dissim.com
How do I know it was purchased? Check out "updates" with the kick starter campaign:
https://www.kickstarter.com/projects/dissim/dissim-inverted-lighter/posts/2991222
First of all we want to thank everyone for their continued support and input. The Dissim Team is hard at work developing on what turned out to be a very successful revolutionary design by adding 6 new colors for the holidays and even testing a new dual torch windproof version of the lighter. All of the tooling and samples are completed and our team is doing the final testing and adjustments for these new and exciting SKUs. The company is looking at even making smaller / slimer versions of this great design. Dissim was actually purchased by VPR Brands , LP a publicly traded company ( ticker VPRB) that has a portfolio of brands , primarily within the vape space. The company has established operations, distribution, manufacturing experience, and valuable supply chains which should help Dissim grow in distribution and diversify its industries to expand the product sales.
DISSM if you do a simple google is all over the place - and been selling well on Amazon...up to 40 reviews.
https://www.amazon.com/DISSIM-Inverted-Lighter/dp/B08FXPDNZF
3. The company has multiple revenue streams and brands -- Check them out:
www.cbdgoldline.com
www.kraveit.com
www.vapehoneystick.com
www.vprverified.com
Go here for the other brands: http://vprbrands.com/
4. The company also is trying to sue other companies for breaching their technology. Below is a link to the latest lawsuit -- had some filings in Dec and mid-Jan here. If this has any traction then the company is extremely undervalued.
https://dockets.justia.com/docket/arizona/azdce/2:2020cv02185/1254633
5. Company turned an operating income profit the last Q - in the midst of a pandemic.
Overall - The company is creating brands with CBD. They have a great vaporizer brand that has a nice established base called Vape Honey Stick. They are testing out VPR Verified. They are going after patent infringements and lastly they aquired DISSM - the inverted lighter.
The DISSIM valuation alone could be $10-20M in a year or less. Just think if they land in a Cabela's - and sell a few hundred thousand of them. They will be launching colors soon.
The lawsuits - if they settle for these large companies who are breaching their vaporizer auto draw technology - could be millions as well. A long shot - now that they are in the court system - it's much more real.
Overall - SO many revenue streams, GREAT management team (who have built public companies before) - I'm still in - and can see a day this stock gets to an appropriate valuation of 5x revenues or 25M (0.30 cents) - but with huge upside opportunity as they build these revenue streams to push it towards $1.00.
I know the limit. My point is they can’t even loan money without going over that threshold
Disposable E-cigs sales are going crazy! Glad we just launched Krave!
https://www.marketwatch.com/story/young-people-have-moved-on-to-a-new-kind-of-vape-not-covered-by-the-flavor-ban-disposables-2020-02-07
Check Groupon for Krave disposable Ecigs
Also..
https://www.vpr.org/post/teens-are-still-vaping-flavors-thanks-new-disposable-vape-pens#stream/0