VPR Brands, LP Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 05:29 pm EDT
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VPR Brands, LP reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 1.06 million compared to USD 1.25 million a year ago. Net loss was USD 0.147241 million compared to USD 0.101651 million a year ago.
VPR Brands, LP is a technology company with a focus on vaporizers and accessories for essential oils and extracts in the cannabis and hemp industry. The Company is engaged in various monetization strategies of its United States patents covering electronic cigarettes, vaporizer technologies, and related accessories. The Company designs, develops, markets, and distributes products oriented towards the cannabis markets, including the ELF and HONEYSTICK brands of vaporizers and DISSIM Lighters. The Company has several trademarks, including ELF, PHANTOM, HRB, VPOD, VAPOR X, RIPPER, and CARTDUB, among others, for which it is also engaged in licensing and various monetization strategies. The Company also designs, develops, markets, and distributes products (the HoneyStick brand of vaporizers and the Goldline cannabidiol (CBD) products) oriented toward the cannabis markets. The Company is also engaged in selling the DISSIM brand pocket lighters.