Ispire Technology Inc. Signs Exclusive 30-Year Agreement With Hidden Hills Club: Going For The Nicotine Market
Ispire Technology Inc. Signs Exclusive 30-Year Agreement With Hidden Hills Club: Going For The Nicotine Market
Ispire Technology Inc. (NASDAQ:ISPR), a leader in vaping technology, announced its subsidiary, Aspire North America LLC, has signed an exclusive 30-year global licensing agreement with Hidden Hills Club. This agreement marks Hidden Hills Club's expansion into the global nicotine products market.
Ispire Technology Inc.(納斯達克:ISPR)是吸菸技術領域的領先者,宣佈其子公司Aspire North America LLC已經與Hidden Hills Club簽署了一份爲期30年的全球獨家許可協議。該協議標誌着Hidden Hills Club正在擴大到全球尼古丁產品市場。
California-based Ispire Technology is the only Nasdaq-listed U.S. vaping company.
總部位於加利福尼亞的Ispire Technology是唯一在納斯達克上市的美國吸菸公司。
Global Rollout Of Hidden Hills Nicotine Products
Hidden Hills尼古丁產品全球推廣
Under this agreement, Ispire will manufacture, distribute and commercialize Hidden Hills' branded nicotine products worldwide. The initial rollout of Hidden Hills' nicotine products will begin in the UAE and South Africa soon. The UK and European Union will follow in the next few months. Ispire is renowned for its innovation in vaping technology. The company offers vaporizers, cartridges, batteries and dabbing products. It plans to expand its product offerings further.
根據該協議,Ispire將在全球範圍內製造,分發和商業化Hidden Hills品牌的尼古丁產品。 Hidden Hills尼古丁產品的初始推出將很快在阿聯酋和南非開始。英國和歐盟將在接下來的幾個月內緊隨其後。Ispire以其吸菸技術創新而聞名。該公司提供霧化器,煙彈,電池和抽油產品。它計劃進一步擴大其產品組合。
"Our partnership with Hidden Hills Club enables us to bring more innovative and reduced-risk nicotine products to a global audience," Ispire Co-CEO Michael Wang said. "The 30-year exclusive license will allow us to make significant investments in the Hidden Hills brand, ensuring robust distribution and a deep product portfolio that captures the essence of this iconic lifestyle brand."
"與Hidden Hills Club的合作伙伴關係使我們能夠將更具創新性和降低風險的尼古丁產品帶給全球觀衆," Ispire聯合首席執行官Michael Wang說。"這項爲期30年的獨家許可證將使我們能夠在Hidden Hills品牌上進行重大投資,確保強大的分銷和深度產品組合,從而捕捉這個標誌性生活方式品牌的精髓。"
This new agreement comes after recent reports showing revenue increased by 24% in latest quarterly report (Q3) but amid $5.9 million net loss. In that opportunity, tobacco vaping products contributed $18.1 million, while the turned towards partnerships to better its financial outcomes.
這項新協議是在最新季度報告(Q3)顯示收入增長24%但$590萬的淨虧損之後達成的。在此機會中,菸草吸菸產品貢獻了$1810萬,而轉向合作伙伴以改善其財務業績。
Read Also: EXCLUSIVE: Ispire's CEO Michael Wang Predicts Vaping Will Soon Surpass Cannabis Flower Sales
請參閱:獨家報道:Ispire首席執行官Michael Wang預測吸菸技術將在未來幾年內超越大麻花銷售額
Ispire Technology Market Expansion
Ispire Technology市場擴展
Dre Liang, CEO of Hidden Hills Club, added, "Teaming up with Ispire was a strategic decision for us. Ispire's expertise in vaping technology and its global distribution network provide the perfect platform to expand our brand into the nicotine products market. We believe this collaboration will redefine the market with products that reflect our brand's commitment to quality and innovation."
Hidden Hills Club的首席執行官Dre Liang補充說:"與Ispire合作是我們的戰略決策。 Ispire在吸菸技術方面的專業知識以及其全球分銷網絡爲我們將品牌擴展到尼古丁產品市場提供了完美的平台。我們相信這種合作將通過反映我們品牌對質量和創新的承諾的產品來重新定義市場。"
Wang was recently featured on Cannabis Insider show, where he predicted that vaping will become the dominant method for cannabis consumption within the next few years.
Wang最近在Cannabis Insider節目中受到推薦,他預測吸菸技術將在未來幾年內成爲大麻消費的主要方法。
Ispire Technology Previous Collaborations
Ispire Technology先前的合作
Earlier this year, Ispire and Hidden Hills Club launched a unique cannabis and hemp vaping experience: Hidden Hills & Friends. The company also carried out a public offering of 2.05 million shares of common stock for $6 per share for gross proceeds of $12.3 million.
今年早些時候,Ispire和Hidden Hills Club推出了一種獨特的大麻和大麻吸菸體驗:Hidden Hills&Friends。該公司還公開發行了205萬股普通股的每股售價爲6美元的股票,總收益爲1230萬美元。
The e-vapor and cannabis vaping markets are projected to reach $29.9 billion and $11.6 billion in 2024, respectively. This growth is driven by the trend toward healthier tobacco alternatives. Being a pioneer of the "cloud chasing" movement, the company holds over 200 issued patents and more than 800 patents pending across China, the U.S., E.U., and other countries. .
電子煙和大麻吸菸市場預計分別在2024年達到299億美元和116億美元。這種增長是由於趨勢向更健康的菸草替代品。作爲“雲追逐”運動的先驅,該公司在中國,美國,歐盟和其他國家擁有200多項授予專利和800多項待頒發專利。
- Read Also: Cannabis Vape Tech Producer Ispire Enters South African Market Via Exclusive Deal With Dank Pack
- 請參閱:大麻吸菸技術生產商Ispire通過與Dank Pack達成獨家協議進入南非市場
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