Vapor Group Pre-Announces First Quarter Earnings

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Vapor Group Pre-Announces First Quarter Earnings

Vapor Group Pre-Announces First Quarter Earnings
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Vapor Group Pre-Announces First Quarter Earnings

TheStreet.com Videos 1:11 mins

Vaporizer company Vapor Group pre-announced earnings on Thursday with gross revenues of approximately $1 million (over $950,000) and a gross profit of over $1/2 million (over $600,000). The company did not say what the net profits or losses would be. The company did say that second quarter sales could surpass first quarter sales. Vapor Group announced that its subsidiary American Vaporizer, in the next few weeks will start test marketing an e-liquid for vaping containing CBD (cannabidiol) oil. The CBD oil is 100% derived from hemp and is legal in all 50 states.

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