CHATSWORTH, CA / ACCESSWIRE / April 1, 2015 / Vape Holdings, Inc. (VAPE) (the "Company" or "Vape"), a holding company focused on providing healthy, efficient, and sustainable vaporization products and management, consulting, branding, real estate and compliant packaging solutions to lawfully operating participants in the legal cannabis industry, is pleased to announce that the Company opened its initial HIVE Supply Washington location for distribution and sales, effective April 1, 2015.
HIVE Supply is a packaging and sourcing division of Vape designed to serve as a competitively priced, comprehensive "one-stop shop" for all medical and recreational marijuana packaging needs. As with all of Vape's products, HIVE Supply will operate in full compliance with all federal laws and the laws of each individual state in which it does business. HIVE Supply will focus on providing much-needed support to legal cannabis businesses in regards to sourcing consumer products, brand management and marketing services.
"Our industry has been recently described by Huffington Post Business as the 'fastest growing industry in the United States'," stated Kyle Tracey, CEO of VAPE Holdings. "Our new HIVE Supply location in Washington brings us closer toward executing our vision of taking a leadership role in the B2B side of the legal cannabis space, through wholesale distribution. We believe that as we build HIVE Supply, the relationships created with the hundreds of licensed sales outlets for medical and recreational cannabis that require some or all of our products, will serve our shareholders well in the years to come."
Historically the industry has been intentionally fragmented. It is only in the last six months looking forward that we have become certain it is possible to build and to operate a wholesale supply network in the western region of the country, which is the core mission for operations of HIVE Supply.
"We are thrilled to launch HIVE Supply in Spokane WA. We feel the number of 502 licenses centered around the Spokane area will be a strong market to test a high end equipment leasing model that we expect to be one of several core revenue channels of HIVE Supply," stated Joe Andreae, President of VAPE Holdings. "HIVE Supply in Washington will serve as the first location outside of our company nerve center in Southern California for distribution and customer support."
HIVE Supply will be launching out of Spokane Organic and Hydroponic Supply, a business that is already servicing a large number of 502 license holders. This relevant customer base will be our launching point into Washington State and with the support of Spokane Organics we will provide both compliant packaging and state approved equipment immediately. "I'm happy to partner with the HIVE team to bring my customers more of what they need in this rapidly expanding market," stated Paul Mihara Jr., owner of Spokane Organics.
About Vape Holdings, Inc.
Vape Holdings, Inc. focuses on designing, marketing, and distributing various vaporization products and provides management, consulting, branding, real estate and compliant packaging solutions to lawfully operating participants in the legal cannabis industry. The company offers medical and food grade ceramic products primarily under the HIVE Ceramics brand throughout North America, Europe and South America. HIVE offers a nonporous, non-corrosive, chemically inert ceramic vaporization element, which can be used for a range of applications, including stand-alone vaporization products and electronic cigarettes. The company is based in Chatsworth, California.
For more information on HIVE Ceramics and to visit our e-commerce site, please visit: http://www.hiveceramics.com.
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Vape Holdings' products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Vape Holdings' filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Vape Holdings please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Vape Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Vape Holdings, Inc.