$VPRB LP Announces 2016 Fourth Quarter and Full Year Results
VPR Brands, LP (OTC PINK: VPRB) released 2016 fourth quarter and full year revenue and financials. 2016 revenue totaled $1,580,676, which represents a 4,620.85% increase over 2015 revenue of $342. , For 2016, VPR Brands had a gross profit margin of 30.42%, gross profit of $480,852 and a net operating loss of $327,757.
Fourth quarter 2016 revenue totaled $972,322, representing a 59.82% increase over third quarter 2016 revenue of $608,354. Fourth quarter 2016 operating margins were down slightly compared to the third quarter 2016 to 29.03%, with $282,298 in gross profit and a net operating loss of $206,174.
$VPRB Annual Financial Statement – 10K Filing
VPR Brands, LP (VPRB) Files Annual Financial Statement (10K) After Market Close On Monday 4-17-2017
Industrial Hemp Could Take Off In New York State
The recently passed state budget eliminates a cap on New York’s prospering industrial hemp industry. That will allow more farmers to be able to research, grow, and process a crop that could turn into a million dollar business. The industrial hemp industry’s first hurdle is also the biggest misconception most people have about.