CannabisNewsBreaks – 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://cnw.fm/7fkPJ). 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.’

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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 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

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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