TPB

Turning Point Brands Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

Stoker’s had an outstanding quarter posting its highest growth rate in over four years led by double-digit growth year-over-year in Stoker’s MST.

Key Points: 
  • Stoker’s had an outstanding quarter posting its highest growth rate in over four years led by double-digit growth year-over-year in Stoker’s MST.
  • For the quarter, the Zig-Zag Products segment gross profit decreased 1.0% to $25.5 million.
  • For the fourth quarter, total Stoker’s Products segment volume increased 14.2%, while price / mix increased 4.4%.
  • For the fourth quarter, CDS net sales were $14.1 million, gross profit was $3.1 million, and gross margin was 22.4%.

Turning Point Brands Increases Common Stock Dividend

Retrieved on: 
Wednesday, February 28, 2024

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.

Key Points: 
  • The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.07 per common share.
  • This is an 8% increase over the regular quarterly dividend declared in November 2023.
  • The dividend is payable on April 12, 2024, to shareholders of record on the close of business on March 22, 2024.

Turning Point Brands to Host Fourth Quarter and Fiscal Year 2023 Conference Call

Retrieved on: 
Wednesday, February 14, 2024

Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2023 results.

Key Points: 
  • Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2023 results.
  • The conference call will be on Wednesday, February 28, 2024 at 10:00 a.m. Eastern to discuss results with the investment community.
  • The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presenta... .
  • The replay of the webcast will be available on the site two hours following the call.

Turning Point Brands Canada Named Exclusive Master Distributor for VPR Brands' HoneyStick in Canada

Retrieved on: 
Friday, January 5, 2024

FORT LAUDERDALE, FL, Jan. 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - VPR Brands (OTC: VPRB), a dynamic player in the personal vaporizer market, has named Turning Point Brands Canada (TPB) as the Exclusive Master Distributor for VPR Brands' HoneyStick products in Canada. TPB is a leading specialty marketing and distribution firm, focused on building brands in the Canadian smoking, vaping and alternative products categories. HoneyStick is a lifestyle brand that combines the features of high-tech performance, dependability, and affordability. This strategic partnership marks a significant step in enhancing the distribution and accessibility of HoneyStick, an already renowned brand in the vaping industry, across the Canadian market.

Key Points: 
  • A New Era for HoneyStick in Canada, TPB Canada’s Stewardship Includes Icons Such as Zig-Zag, Clipper, Choice Leaf, HMP, Rebound and Evolve
    FORT LAUDERDALE, FL, Jan. 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire - VPR Brands (OTC: VPRB), a dynamic player in the personal vaporizer market, has named Turning Point Brands Canada (TPB) as the Exclusive Master Distributor for VPR Brands' HoneyStick products in Canada.
  • TPB is a leading specialty marketing and distribution firm, focused on building brands in the Canadian smoking, vaping and alternative products categories.
  • HoneyStick is a lifestyle brand that combines the features of high-tech performance, dependability, and affordability.
  • TPB Canada will revolutionize the distribution landscape for HoneyStick by consolidating ordering, logistics, and warehousing under one roof, thereby delivering unmatched efficiency and service excellence.

Kaival Brands Appoints James W. Dobbins as Senior Vice President, General Counsel

Retrieved on: 
Thursday, December 7, 2023

GRANT-VALKARIA, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has appointed James W. Dobbins as General Counsel effective December 5, 2023.

Key Points: 
  • GRANT-VALKARIA, Fla., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), today announced that it has appointed James W. Dobbins as General Counsel effective December 5, 2023.
  • Barry Hopkins, Executive Chairman of Kaival Brands, said, “James Dobbins has extensive experience advising companies on a breadth of legal matters, and importantly, he also has a deep, relevant understanding of industry business operations, including corporate governance, M&A, international sourcing, and compliance matters.
  • Prior to Turning Point Brands, he spent several years in private practice.
  • Mr. Dobbins began his legal career with the law firm of Webster and Sheffield in New York.

Turning Point Brands Announces Third Quarter 2023 Results and Closing of New ABL Facility

Retrieved on: 
Wednesday, November 8, 2023

The Zig-Zag segment was stable sequentially from the second quarter and notwithstanding some transitory headwinds posted its third-highest revenue quarter.

Key Points: 
  • The Zig-Zag segment was stable sequentially from the second quarter and notwithstanding some transitory headwinds posted its third-highest revenue quarter.
  • Stoker’s had another solid quarter of performance led by double-digit growth year-over-year in Stoker’s MST.
  • We further de-levered the balance sheet with an opportunistic purchase of $15 million in aggregate principal amount of our convertible notes during the third quarter.
  • The new facility replaces a $25 million senior secured revolving credit facility which was scheduled to mature in August 2025.

Turning Point Brands Declares Common Stock Dividend

Retrieved on: 
Wednesday, November 1, 2023

The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share.

Key Points: 
  • The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.065 per common share.
  • The dividend is payable on January 5, 2024, to shareholders of record on the close of business on December 15, 2023.

Turning Point Brands to Host Third Quarter 2023 Conference Call

Retrieved on: 
Monday, October 30, 2023

Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review third quarter 2023 results.

Key Points: 
  • Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review third quarter 2023 results.
  • The conference call will be on Wednesday, November 8, 2023 at 10:00 a.m. Eastern to discuss results with the investment community.
  • The call will also be broadcast live as a listen-only webcast from the investor relations section of the company's website at http://www.turningpointbrands.com/investor-relations/events-and-presenta... .
  • The replay of the webcast will be available on the site two hours following the call.

Triplebar’s Latest $20M Financing Will Expand Its Product Portfolio Across Food and Biopharmaceuticals

Retrieved on: 
Monday, October 30, 2023

Triplebar announced $20M in new funding to expand its product portfolio in food and biopharmaceuticals.

Key Points: 
  • Triplebar announced $20M in new funding to expand its product portfolio in food and biopharmaceuticals.
  • Triplebar’s Hyper-Throughput™ screening platform acts as a “microprocessor for biology,” integrating hardware, software, biology and biochemistry to miniaturize and accelerate evolution.
  • “Our investors believe profoundly in our mission to reduce humanity’s footprint while greatly increasing our quality of life with better food and biopharmaceuticals,” said Triplebar CEO Maria Cho.
  • “For truly disruptive adoption to take place, alternative products need to at least match animal-based proteins on taste, price, convenience, and nutrition.

Kaival Brands Appoints New Chief Executive Officer and Chief Financial Officer

Retrieved on: 
Thursday, August 3, 2023

GRANT-VALKARIA, Fla., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company" or "we,” “our” or similar terms), a company focused on incubating and commercializing innovative products into mature and dominant brands, with a current focus on the distribution of electronic nicotine delivery systems (ENDS), which are intended for adults 21 and over, today announced the appointment of Thomas J. Metzler as the Company's new Chief Financial Officer ("CFO"), Treasurer and Secretary, effective as of August 1, 2023, replacing Mark Thoenes, who has served as Interim CFO since 2021.  

Key Points: 
  • The Company has also promoted its current President & Chief Operating Officer, Eric Mosser, to the position of Chief Executive Officer.
  • Prior to Turning Point Brands, Mr. Metzler served as Managing Partner and Chief Financial Officer of Vaporbeast, where he presided over rapid revenue growth while maintaining above average industry margins and profitability.
  • Eric Mosser, Chief Executive Officer and President of Kaival Brands, commented, “We are very excited to have Tom join our senior management team and believe his hiring represents a key building block for the future of Kaival Brands.
  • In 2014, Mr. Mosser created Lasermycig LLC, a specialized custom laser-engraving service for electronic cigarettes and vaporizers and served as its Chief Executive Officer until 2020.