TRSSF - Who's Who Among Cannabis Hardware & Vaping Suppliers? Zuanic & Associates Take A Deep Dive | Benzinga
Are you curious about the key players, their standings and the driving forces in the cannabis hardware and vaping sector? In this in-depth report, senior analyst Pablo Zuanic from Zuanic & Associates provides some answers.
Smoore Holdings: Leading the Way
Smoore International Holdings Limited (OTC: SMORF), the world's largest supplier of vaping product components leads this dynamic industry. With a range of atomization technology solutions, they serve various segments. In the first half of 2023, the company generated 5.1 billion RMB (~$684.7 million), with nicotine delivery as its primary domain.
"Smoore Holdings is a powerhouse in the vaping industry, with an impressive 88% of sales coming from corporate clients. This demonstrates their stronghold in the nicotine delivery segment,” Zuanic wrote.
In their arsenal is the CCELL division, transforming the cannabis vapor landscape.
CCELL Distributors
Several entities in the U.S. supply CCELL products to the growing cannabis sector.
"Jupiter Research (OTC: TLLTF) and Greenlane Holdings (NASDAQ: GNLN) are major distributors, with Jupiter taking the lion's share at 40-50% while Greenlane maintains a solid 25-30% share," says Zuanic.
In the third spot is 3WIN Corp, with an approximate 15% share; CannaBrand Solutions completes the roster. According to the report, these distributors play a crucial role in the industry's growth.
Jupiter Research, the largest ...