VPR Brands, LP Reports Earnings Results for the Full Year Ended December 31, 2022
April 13, 2023 at 04:07 pm EDT
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VPR Brands, LP reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 4.93 million compared to USD 6.22 million a year ago. Net loss was USD 0.203697 million compared to net income of USD 0.127174 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.