Vapen MJ (VAPNF) Stock Is A Compelling Growth Opportunity

Vapen MJ VAPNF Stock News

As the cannabis industry continues to emerge, new opportunities are being born every day. A market that is expected to grow to be worth $66.3 billion annually by 2025 according to Grand View Research, the industry has the potential to make millionaires. That’s where Vapen MJ (OTCMKTS: VAPNF) comes in. 

What Is Vapen MJ?

While the company’s name, Vapen MJ, makes it clear that it sells marijuana-related vape products, that’s not the only focus of the company. In fact, VAPNF is a full-spectrum cannabis and CBD company. The company’s wide range of products includes:

  • THC Products – Vapen MJ offers two lines of products in the THC category. The first line, known as clear, are essentially oils put into vape cartridges that are derived from the cannabis plant. These products are offered with both unflavored and naturally flavored options. The company also produces and sells high-end extracts, which are seeing an increasingly loyal customer base. 
  • CBD – Seeing opportunity in the CBD market, Vapen MJ offers a range of CBD products. These include topicals, edibles, and vape cartridges. 
  • Vapen Kitchen – The Vapen Kitchens brand is a line of edible cannabis products developed by an experienced chef. 
  • Cannabis Flower – VAPNF also grows and sells cannabis. In particular, the company offers a line of unique strains that continue to grow in popularity. 
  • Accessories – Finally, Vapen MJ offers a line of accessories, such as vape pens, vape pen starter kits, and diamond pens for shatter and wax. 

Celebrity Backing Will Continue To Propel Sales

Celebrity endorsements are seen across just about all industries. The truth of the matter is that not only do A-class celebs have millions of followers, these followers tend to want to try everything that the celebrities are doing. 

With that said, Vapen MJ has been very active with regard to seeking celebrity endorsements and has seen some serious success in the process. In fact, the company’s branded vape pen was featured in the official music video for a song called “Chico” that features Wiz Khalifa and a song called “Bakin’ it up” featuring Cardi B. Check out videos below:

Wiz Khalifa isn’t the only celebrity that has taken an interest in Vapen MJ either. In fact, VAPNF has caught the attention of Cardi B, Offset, French Montana, and G-Eazy to name a few.  Over 50 significant influencers are part of the 65,000+ followers on instagram. To get an idea of the size spotlight this shines on the Vapen MJ brand, just take a look at the Twitter follower counts these celebrity profiles have:

Between these celebrity endorsements, Vapen MJ has the ability to get its products in front of nearly 50 million people. To put that into perspective, that works out to be more than 15% of the United States population! Interestingly, this doesn’t count the more than 47 million followers Cardi B has on Instagram and the incredible following seen across all social channels among these hip-hop artists. 

A Compelling Revenue Growth Story

With strong marketing strategies, VAPNF is enjoying the fruits of its labor so to speak. This can be seen very clearly when you take a look at the company’s revenue growth. In 2016, Vapen MJ reported revenue in the amount of $12,336,283. In 2017, revenue grew more than 20% to $14,848,730. Last year, the growth story continued, with Vapen MJ reporting that revenue grew more than 24% to $18,476,269.

Perhaps more importantly, the company isn’t just posting strong revenue, it’s also operating at a profit. In fact, in 2018, VAPNF produced net income before tax of $4,879,994 or 26.4%. 

Revenue Growth Is Likely To Continue In A Big Way

Interestingly, Vapen MJ operates in Arizona, where the vast majority of its revenue is generated. While revenue growth is compelling as is, chances are that it will compound ahead. That’s because not only are more Arizona consumers building loyalty to the brand, but it is expanding to enter other large legal markets throughout the United States. 

In fact, the company is currently in discussions to bring its Vapen branded products to California, Oklahoma, Massachusetts, Ohio, Michigan,  while having announced agreements in Nevada and Kentucky. To enter these markets, VAPNF is negotiating revenue and profit sharing agreements with established license holders. 

Ultimately, as the company enters these new markets, its audience will expand. As a result, it would be reasonable to expect to see significant revenue growth as new audiences are tapped into. 

Moreover, Vapen MJ is diving into the international CBD space, and doing so with a splash! In fact, the company is currently manufacturing CBD for its international brand in Jamaica. Once manufactured, these products are expected to find their way to various South American countries as well as Canada and Japan. 

The Market Opportunity Is Tremendous

With strong execution in recent years, Vapen MJ has become a cornerstone brand in the Arizona cannabis market. As the company ventures into new markets across the United States and around the world, the opportunity is only growing. 

As mentioned above, Grand View Research estimates that the legal cannabis market will grow to be worth $66.3 billion by the year 2025. At the same time, the CBD market is expected to grow to be worth $20 billion per year by the year 2024 according to BDS Analytics and Arcview Market Research.

Considering the fact that VAPNF trades with a market cap just north of $100 million range, this large industry value offers up an incredible opportunity for growth ahead. 

Final Thoughts

In recent years, Vapen MJ has proven its ability to execute and deliver value to investors. Through endorsements from several hip-hop artists, the company’s brand has taken the cannabis market in Arizona by storm. However, the strong revenue growth story is just beginning. With plans to expand into multiple markets both inside and outside the United States, there’s strong potential for significant growth in both revenue and earnings ahead. So, keep a close eye on VAPNF.

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Disclosure – CNA Finance, parent company to Alpha Stock News, has a monetary relationship with Vapen MJ. Find out more here

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