VPR Brands LP
vprbrands.comWhat Do They Do?
Sells vaping products, pocket lighters and hemp-derived cannabidiol products to retailers, distributors and consumers.
10-K for FY2025, filed Mar 31, 2026Design, market and distribute a line of pocket lighters under the “DISSIM” brand;View ↗
Design, market and distribute a line of vaporizers for essential oils, concentrates, and dry herbs under the “HONEYSTICK” brand;View ↗
Design, market and distribute a line of hemp derived cannabidiol products under the “GOLD LINE” brand;View ↗
Direct sales and distribution, where we have set up our own distribution directly to retailers.View ↗
Distribution through wholesalers, where we supply either national or regional wholesalers who then service retailers.View ↗
Internet/e-commerce sales, where we sell directly to end users through one of our internet websites and/or landing pages.View ↗
How Do They Make Money?
Customers pay for products when they ship. Licensees pay sales-based royalties for rights to use trademarks and patents, tied to reported product sales or receipt of payment.
10-K for FY2025, filed Mar 31, 2026Product revenues are recognized when the customer obtains control of the Company’s product, which occurs at a point in time, typically upon…View ↗
The Company generates royalty revenue from license and sublicense agreements that grant third parties the right to use its intellectual…View ↗
The Company recognizes royalty revenue in the period in which the criteria for revenue recognition under ASC 606, Revenue from Contracts…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$3.6M
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10-K for FY2025, filed Mar 31, 2026
$3.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product revenue
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
92%
FY2022: 100%
|
Product revenue, FY2025
$3.3M Sources
|
Sold outright |
|
Royalty revenue
Licensed
|
7.8% |
Royalty revenue, FY2025
$281.7K Sources
|
Licensed |
Who Are Their Customers?
The company sells directly to retailers and online end users, and also reaches customers through independent and master distributors, wholesalers, online resellers and dispensaries.
10-K for FY2025, filed Mar 31, 2026Direct sales and distribution, where we have set up our own distribution directly to retailers.View ↗
Distribution through wholesalers, where we supply either national or regional wholesalers who then service retailers.View ↗
Internet/e-commerce sales, where we sell directly to end users through one of our internet websites and/or landing pages.View ↗
Distribution through online distributors that sell to an extensive network of resellers.View ↗
Distribution through dispensaries who are responsible for dispensing medical or recreational cannabis.View ↗
Distribution through master distributors, where we sell to distributors who service other distributors.View ↗
Do Revenues Turn Into Profits?
No. It lost $1.2M in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$353.4KView ↗
- ▲ +10% (Loss)
- vs −$321K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 14, 2026
Open tableView ↗
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Jul 23, 2026
Grants JUUL Labs a patent license for $11,000,000
The agreement settles potential patent disputes and grants JUUL and its affiliates a license for specified products, with payment scheduled in installments.
Sources
8-K, filed Jul 23, 2026
The Company is the owner of all right, title and interest in and to U.S. Patent No. 8,205,622 B2 (the “‘622 Patent”). Pursuant to the terms…View ↗
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Jul 16, 2026
Settles patent dispute with R.J. Reynolds for $14,900,000
The agreement resolves the litigation and grants R.J. Reynolds and its affiliates a license for specified products.
Sources
8-K, filed Jul 16, 2026
The Company is the owner of all right, title and interest in and to U.S. Patent No. 8,205,622 B2 (the “Patent”). Pursuant to the terms of…View ↗
Shrinking. Revenue fell 42% in 4 years, from $6.2M in FY2021 to $3.6M in FY2025, about 13% a year.
Vapor cigars
The latest report describes a vapor cigar under Grandfadda; the older business description lists electronic cigarettes, vaporizers, pocket lighters and cannabidiol products.
10-K for FY2022, filed Apr 13, 2023 10-K for FY2025, filed Mar 31, 2026We are a company engaged in the electronic cigarette, personal vaporizer and pocket lighter industry. We own a portfolio of electronic…View ↗
Design, market and distribute a line of pocket lighters under the “DISSIM” brand;View ↗
Design, market and distribute a line of vaporizers for essential oils, concentrates, and dry herbs under the “HONEYSTICK” brand;View ↗
Design, market and distribute a line of cannabidiol (“CBD”) products under the “GOLD LINE” brand;View ↗
Design, market and distribute electronic cigarettes and popular vaporizers under the KRAVE brand;View ↗
We have developed and commercialize a “vapor cigar” product designed to emulate certain attributes of a premium cigar smoking experience…View ↗
Who Do They Compete With?
Competes with Altria Group, Lorillard, Reynolds American, and Imperial Tobacco Group
10-K for FY2025, filed Mar 31, 2026We also compete against “big tobacco”, U.S. cigarette manufacturers of both conventional tobacco cigarettes and electronic cigarettes like…View ↗
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