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VPR Brands LP

vprbrands.com

VPR Brands LP (OTC: VPRB) is a vaping and vapor products company that designs, develops, markets, and distributes electronic cigarettes, personal vaporizers, cannabis vaporizers, hemp-derived products, and pocket lighters. Revenue comes from product sales across the cannabis and e-liquid markets, as well as licensing activities tied to its U.S. patent covering atomization technology for medical marijuana vaporizers and electronic cigarette components and its portfolio of trademarks including HoneyStick, Phantom, Ripper, VPOD, HRB, and Grandfadda. The company is structured as a limited partnership and trades on the OTC Markets. Kevin Frija serves as CEO, President, principal financial and accounting officer, and sole member of the General Partner, with management owning approximately 29.8% of outstanding common units as of the 10-K filed March 31, 2026. The company also holds an exclusive distribution agreement with Turning Point Brands Canada, dated December 13, 2023.

Products & Services

Electronic cigarettes and personal vaporizers, cannabis vaporizers under the HoneyStick brand, Goldline HEMP products, cigar-style vapor products under the Grandfadda brand, e-liquids marketed as tobacco alternatives, and pocket lighters. The company holds a U.S. patent covering atomization technology for medical marijuana vaporizers and electronic cigarette products and components.

Revenue Model

Transactional product sales of vaporizers, e-liquids, hemp-derived (Goldline HEMP) products, and pocket lighters, supplemented by trademark licensing fees on brands including HoneyStick, Phantom, Ripper, VPOD, HRB, and Grandfadda. No segment revenue breakdowns with percentages were disclosed in the filing excerpts provided.

Customers & Markets

End markets include adult consumers in the cannabis vaporizer market and the electronic nicotine delivery systems (ENDS) market. Distribution and sales strategy is tailored by geography, demographics, and product genre (cannabis or e-liquid), per the 10-K filed March 31, 2026. No customer concentration data was disclosed in the filing excerpts.

Geographic Exposure

United States primary market, with an exclusive distribution agreement with Turning Point Brands Canada covering Canada, dated December 13, 2023. No further geographic revenue breakdown was disclosed in the filing excerpts.

Financial Snapshot

Revenue
TTM
$3.263M
Gross Margin
TTM
28.51%
Net Income
TTM
$1.035M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
145.88%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$1.463M
Cash
2026 Q1
P/E
TTM
4.347
Free Cash Flow
TTM
-$797.5K

Stock Price

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Market Cap: $4.5 Million

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