VPRB - CannabisNewsBreaks - VPR Brands LP (VPRB) Reports Increased Revenues Narrowed Net Loss During Q1 2019
Innovative technology holding company VPR Brands LP (OTC: VPRB) recently posted financial results for the first quarter 2019, highlighting increased revenues and a reduced net loss as compared to 2018. A recent article discussing the company reads, “In addition to increasing its quarterly revenues approximately 31% year-over-year to $1.3 million, the company slightly lowered its net loss, from approximately $149,000 in 2018 to approximately $138,000 in 2019. The company continues to maintain strong gross operating margins above 40% as well. ‘[This year] is off to a solid start so far, and we are setting the company’s pace, which will allow us to remain focused on sustainable manageable growth,’ VPR Brands CEO Kevin Frija added (http://cnw.fm/Cy1kR). . . . ‘I am very pleased with the increased sales performance we achieved in the first quarter of 2019 as we continue to fine tune our operational efficiencies,’ Dan Hoff, COO of VPR Brands LP, stated. He commented on the success of cannabis vapes and CBD products as being integral to the company’s continued growth, as VPR Brands maintains a product portfolio heavily weighted toward these products.”
To view the full article, visit: http://cnw.fm/FeSz9
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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