CannabisNewsBreaks - VPR Brands LP (VPRB) Announces OTCQB Venture Market Uplisting; Posts Q2 and Year to Date 2019 Financial Results
Innovative technology holding company VPR Brands LP (OTCQB: VPRB) this morning announced that it will begin quotation on the OTCQB Venture Market today. In addition, the company also recently released its second quarter and year to date 2019 financial results. According to the update, VPR Brands reported revenues of $1.58 million for the second quarter of 2019, reflecting a 31 percent increase over the second quarter of 2018. The company saw a similar 31 percent increase for the six months ended June 30, 2019, versus the comparable period in 2018. “The results of putting our newly raised capital to work in Q2 were increased sales and larger distributor and private label orders, which are key components to our growth strategy and will allow the company to continue to increase revenues and scale the business going forward,” Kevin Frija, VPR Brands' CEO said in the news release. “Although our gross profit margins decreased, once we reach larger volume we expect to be able to trim costs and regain some percentage points to maintain our target 40% margins.”
To view the full press release, visit: http://cnw.fm/SF2Xk
About VPR Brands, LP
VPR Brands is a technology company whose assets include issued U.S. and Chinese patents for atomization-related products including technology for medical-marijuana vaporizers and electronic-cigarette products and components. The company is also engaged in product development for the vapor or vaping market including e-liquids. Vaporizers and electronic cigarettes (also known as e-cigarettes) are devices that deliver nicotine and/or cannabis through atomization or vaping, and without smoke and other chemical constituents typically found in traditional products. 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://cnw.fm/VPRB
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