By: Dylan Sikes - AllPennyStocks.com News

Thursday, January 12, 2017

The global vaporizer and e-cigarette market is on the upswing. According to a report released by BIS Research, the market is expected to top $50 billion in the coming decade. The demand for vaporizers is also likely to see a boom as some US states move ahead with legalizing marijuana for medicinal and recreational reasons. Similar steps are also expected to be taken by Canadian and European governments, opening wide international markets for vaporizing products. With the marijuana floodgates quickly opening, it is expected that the vaporizer market will grow over 20% annually for the next decade. Vaping is now widely seen as a more viable and healthier substitute to smoking. It is believed that there are over 8,500 vaping shops in the United States alone. These numbers are expected to increase further as more and more states legalize the use of cannabis for recreational and medical purposes. Vapir Enterprises, Inc. (OTCQB:VAPI) is one company which stands to benefit from this rapidly growing trend.

Vapir Enterprises, Inc., based out of San Jose, California, engages in developing digital aromatherapy devices including vaporizers. These vaporizers are mainly used for inhaling loose-leaf herbs.

Vapir’s vaporizers have been around for years, but seem to have hit a soft spot recently, at least according to the Company’s revenues. Vapir recently reported its quarterly results for the period ended September 30, 2016. The company’s quarterly revenue showed a 28% drop to $0.22 million. Net sales for the nine months ended September 30, 2016 and 2015 were $865,204 and $1,226,708 respectively, a decrease of $361,504 or approximately 29%. The drop in revenue is mainly due to lower demand for its flagship Prima vaporizer. While this is worrisome for the Company, the declining sales are the result of an increase in competitors in the Vaporizer market, something that the Company is well aware of and busy working on solutions. Also, with the changing legal environment for marijuana products, an uptick in demand for vaporizers of all kind, including Vapir’s is highly probable.

In 2016, the company was busy signing partnerships to benefit their distribution and revenue prospects. One such partnership was with The Travel Joint. Under this deal, The Travel Joint would market Vapir Enterprises’ products at its various stores including The Travel Joint 420 Suite in Las Vegas. The agreement would provide the company an opportunity to expand its presence to these new markets.

Other partnerships made in 2016 included a sales partnership with Colorado based Healthy Headie and its HHL Marketplace as well as an international distribution partnership with Reinhart Wholesale, out of Germany. Add these all up and Vapir could see their recent revenues turn around in a big way if these partnerships place the Company’s products in front of a new and expanded consumer base.

Lastly, the Company just announced the launch of their newest product, the Vapir Pen, which is a high quality portable pen vaporizer utilizing the Company’s patented, proprietary vaporizing process. The vape pen comes with a Micro USB charging port, allowing users to charge it anywhere they have access to a USB port.

The Company’s recent revenue declines have clearly showed up in their share price with shares down 77% in the last 12 months. This trend has so far spilled into 2017, however, with the company undertaking the above-mentioned steps to turn the ship around, growing revenues and a strengthening share price may become self-fulfilling.

Vapir Enterprises looks to be a clear player in the growing vaporizer market and sales may boom with recent marijuana changes in several key U.S. states as well as Canada later this year. While revenues up until now have disappointed, recent corporate developments and the industry trends may mark a true turn around level for this Company and its share price as 2017 rolls on.

Copyright © 2017 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

AllPennyStocks.com has been compensated ten thousand dollars for its efforts in presenting the VAPI corporate information on its web site and distributing it to its database of subscribers as well as other services. For more information, please see our disclaimer at: http://www.allpennystocks.com/aps_common/disclaimer.aspx.