Vaporizers Archives - Green Market Report

Adam JacksonJuly 28, 2022


Lifeist Wellness Inc. (OTCMKTS: NXTTF) is still reeling from a natural disaster that threatened profits in the second quarter. The company announced its third-quarter financial and operating results for the three and nine-month periods ending May 31, 2022.

Net revenue decreased 15% to $4.1 million in the second quarter versus $4.9 million posted the same time last year. The $800,000 loss in net revenue in the second quarter was due to a $1 million decrease in Australian Vaporizers hardware revenue caused by a flood-related operational shutdown in March and April.

In addition to that, Lifeist saw a $600,000 decline from the planned wind-down of hardware sales in Europe through Lifeist Bahamas, which more than offset gains in Canadian recreational cannabis and the initial contribution of Mikra and CannMart Labs revenue.

Revenue would have increased if not for these afflictions, the company said. Lifeist’s said its metrics for Australian Vaporizers posted pre-shutdown levels after severe and unprecedented storm flooding in Queensland and New South Wales halted production for 53 days “after waking up to two feet of water in the warehouse,” said CEO Meni Morim.

“The Australian floods dampened what was otherwise a solid quarter for Lifeist,” he said. “While it’s been a difficult period for the broader cannabis industry, we’re generating measurable success and establishing a path to profitability for our recreational cannabis distribution platform.”

Canadian cannabis revenue increased by $800,000, or 29%, compared to this quarter last year. Recreational cannabis continues to be Lifeist’s largest driver of performance accounting for 86% of the company’s second-quarter net revenue.

Gross profit before inventory adjustment increased to $700,000 compared to $400,000 in last year’s second quarter, with margins growing to 16% from 7%.

Adjusted EBITDA loss was $4.5 million in the second quarter compared to a loss of $5.4 million in the same quarter last year. The $9000,000 improvement, or 17%, was driven by a $2.0 million improvement at CannMart and an $800,000 reduction in corporate and other costs, which more than offset a $1.1 million decline at Australian Vaporizers due to the impact of the flood, $700,000 at Mikra due to start-up costs, and $200,000 decline at Lifeist Bahamas.

The company said it has $13 million worth of working capital.

StaffJanuary 9, 2019

2min00 is an innovative online store that sells amazing cannabis and vaping accessories that is making a grand entrance into the market as it offers a 20% discount on all orders in celebration of its opening. The store aims to provide cannabis smokers and other such customers the best possible shopping experience by uniquely combining quality with affordability, ensuring that shoppers do not have to break the bank to get their desired products.

Already described by some as one of the store with the largest online inventory, Smoketools aims to become the one-stop solutions provider for all smokers when it comes to shopping for vape products and accessories. This is further reiterated with the free shipping offer on all US orders above $50.

Smoketools currently offers a wide range of vaping solutions sourced from top brands across the globe. Some of the brands featured on the store include Kandy Pens, Boundless Technology, The Da Vinci, and Dr. Dabber.

The products offered by the vaping store include bongs, dab tools, glass pipes, and dab rigs. Other products that can be found on the store include ashcatchers, grinders, adapters, rolling papers and accessories, as well as other amazing vaping tools designed to offer the best possible smoking experience to users.

Smokestools also offers helpful tips, the latest news, and other such information related to the cannabis industry. The comprehensiveness of the platform has helped it grow in a relatively short while with over 200 positive reviews from shoppers and other members of the Smoketools community.

More information about and the products offered by the store can be found on their website. 

Debra BorchardtMarch 23, 2018


Canadian-based CBD manufacturer Isodiol International Inc. (ISOLF) announced that it has signed a letter of intent to acquire 100% of KURE™ Corp.  The company, a leading specialty vape retailer headquartered in Charlotte, North Carolina, calls itself the ‘Starbucks’ of the vape industry. The amount was not disclosed, but KURE reported unaudited annual revenues for fiscal 2018 of $8.8 million. The deal is expected to close by the end of April 2018.

KURE has tried to differentiate itself from other vape shops by creating the KURE Vaporium & Lounge, a retail environment, and lounge catering to the vaping community. The company operates a total of twelve e-juice bars and lounges today, with plans for international expansion.

“We believe KURE to be the Starbucks (SBUX) of the specialty retail vape industry,” said  Craig Brewer, Chairman & CEO of KURE Corp. ” With over 200,000 customer transactions per year and growing, KURE’s knowledge base in the vape industry is exceptional. In joining the Isodiol family, we will now be able to provide our devout customers the very best CBD products on the market.”

KURE specializes in the retailing of vaporizers and e-cigarettes, e-juices, and related accessories. Its products are available online and throughout its store locations across the United States. KURE Vaporium & Lounge, KURE Society, Kuriousity, Kurators are all respective trademarks of KURE  Corp. Its e-Juices can be purchased pre-bottled or freshly mixed by its staff of “Kurators”, well-trained and experienced mixologists who can “blend” over 500,000 unique flavors from the KURE Juice On Tap bar.

“KURE’s executives are highly experienced business entrepreneurs that have done a tremendous job in building the KURE™ brand,” said Marcos Agramont, Chief Executive Officer of Isodiol.  “Not only does this further entrench our footprint in the vaping and e-cigarette industry, but through KURE retail stores, the Company will set up its own distribution channels for its family of brands, including ISO-Sport and Be Tru Wellness.”

“When we acquired Bradley’s Bioscience, we were excited about the prospects of providing safer alternatives to smoking, while at the same time being able to enter a market poised to be worth over $60 billion by 2025,” said Agramont.   “With this partnership, we will further entrench our footprint in this fast-growing industry, and we look forward to the global opportunities it presents for the Company.”

Isodiol stock was lately trading at 90 cents, down from its 52-week high of $1.69.

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