The business is a commercial designer, engineer, and multi-channel distributor of premium electronic cigarette and vaporizer products. The business is a B2B and B2C supplier, offering products through various channels at retail and wholesale value.
Key Aspects:
· Globally recognized brands with 2022 revenue of $138.5 million and adjusted EBITDA of $29.2 million
· Highly scalable business and an expert in the e-cigarette, vapor, and cannabis industries proven by a distinguished reputation amongst industry peers, customers, and manufacturers
· Extremely versatile product designs allow agile product adaptation to market trends and evolving regulations
· Award winning customer service with extensive staff knowledge in brand development and awareness
· Industry leading marketing and operational strategies in place including multi-channel distribution
· All portfolio products are filed for PMTAs as of 2022 and all PMTAs from 2021 are published in the FDA product filing report
· Business owned trademarks and patents
· Robust ERP system in place through Microsoft Dynamics Business Central
Opportunities:
· Capitalize on penetration of convenience store distributor market as new target customers
· Expand product offerings and increase revenue by focusing on the development of additional products in the cannabis industry
· Add additional sales talent and add field teams nationwide
· Invest in internal personnel dedicated to sales growth, brand management, SEO, and biz development in the cannabis market
· Offer contract terms to additional large wholesale customers
Headquartered:
· Phoenix, Arizona
Current Markets:
· The business is both a direct-to-consumer online retailer and a wholesale supplier, offering products through a variety of channels including e-commerce, third-party distributors, and retailers. The business serves the global nicotine vapor and cannabis industries.
Real Estate:
· The business operates from three neighboring facilities totaling 53,521 square-feet, all leased from unrelated third parties in Phoenix, Arizona. The leases are assumable by new ownership.
Shareholder Objectives:
· Two owners are seeking an exit and a partner with the regulatory, legal, and distribution resources to help grow the business. Ownership is open to remaining for a negotiable time period post-sale and agree with the proposed sale. Ownership is open to various deal structures in order to facilitate a transaction.
