NetworkNewsBreaks – VPR Brands LP (VPRB) Conside
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Posted On: 10/09/2019 4:32:35 PM
NetworkNewsBreaks – VPR Brands LP (VPRB) Considers Intellectual Property Licensing as Auto-Draw Technology Popularity Rises
VPR Brands (OTCQB: VPRB), a multivertical, tiered technology holding company in the cannabis space, is set to benefit as demand grows for e-cigarettes and vaping technologies. Internationally, the e-cigarette and vaping market was forecasted in 2018 to reach $10.3 billion and expand at a CAGR of 24.9% through 2025 (http://nnw.fm/4qJYw). An article discussing the results reads, “The impressive rate at which the industry is growing has created an entrepreneurial attraction to newcomers in the space, causing a critical need for more established companies like VPR Brands to protect their trade secrets. . . . ‘The surge of the vaping category for nicotine, cannabis and CBD in the last few years has reached billions of dollars in sales,’ VPR Brands CEO Kevin Frija stated in a news release. ‘This has resulted in opportunities for our patented auto-draw technology, which we believe is now preferred by many users of pod systems and ‘cigalikes.’’ Frija added that these conditions have created an ‘opportune time to consider licensing, enforcement or potentially a sale of [the company’s] intellectual property to one of the larger players in the space who may then be in a better position to snub out many of the counterfeit or black-market vapes.’
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
VPR Brands (OTCQB: VPRB), a multivertical, tiered technology holding company in the cannabis space, is set to benefit as demand grows for e-cigarettes and vaping technologies. Internationally, the e-cigarette and vaping market was forecasted in 2018 to reach $10.3 billion and expand at a CAGR of 24.9% through 2025 (http://nnw.fm/4qJYw). An article discussing the results reads, “The impressive rate at which the industry is growing has created an entrepreneurial attraction to newcomers in the space, causing a critical need for more established companies like VPR Brands to protect their trade secrets. . . . ‘The surge of the vaping category for nicotine, cannabis and CBD in the last few years has reached billions of dollars in sales,’ VPR Brands CEO Kevin Frija stated in a news release. ‘This has resulted in opportunities for our patented auto-draw technology, which we believe is now preferred by many users of pod systems and ‘cigalikes.’’ Frija added that these conditions have created an ‘opportune time to consider licensing, enforcement or potentially a sale of [the company’s] intellectual property to one of the larger players in the space who may then be in a better position to snub out many of the counterfeit or black-market vapes.’
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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