Vessel Archives - Green Market Report

StaffNovember 3, 2021
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4min19590

Flora Growth Corp. (NASDAQ: FLGC) is buying Vessel Brand Inc. in a deal valued at $30 million. Vessel is known for its unique lineup of high-end dry-herb accessories and vape pen batteries and bespoke product programs for brands. Flora said these high-margin products, along with its development pipeline, are expected to drive incremental revenue and market share growth in new and existing categories.

“The Flora team has been working diligently to execute on our various business initiatives and the signing of this agreement represents another significant step forward for the Company in 2021,” commented Luis Merchan, President and CEO of Flora Growth. “We are incredibly excited to have reached an agreement to add Vessel to the Flora portfolio. Not only does Vessel have an exceptional product line with strong revenue growth, but its leadership team is second to none. Integration plans with the Vessel team are already well advanced and we expect step-change improvements to the marketing and sales strategies for our core consumer brands like Stardog and Mind Naturals, as well as new brand development in support of our global growth initiatives.”

Vessel will receive $8 million in cash and the rest in Flora stock. Flora has also noted that Vessel has established relationships with U.S. multi-state operators and Canadian LP’s who seek access to Vessel’s premium technology offering through their white labeling business. Headquartered in Carlsbad, California, Vessel will serve as a key component of Flora’s North American cannabis strategy across its entire product portfolio.

“As Vessel, and as brand builders in nearly every sector, our promise has been to create unparalleled experiences – we are looking forward to continuing to deliver on that promise with Flora,” said James Choe, Founder and CEO of Vessel. “Flora is positioned to be a global leader in plant-based health and wellness by redefining the traditional narrative of a cannabis company. With unrivaled economies in the supply chain, a diverse brand portfolio roadmap, and most importantly a team built to meet the challenges of the industry, we see significant opportunities ahead.”

Exports Looking Up

Recently, Flora said that it received the Good Agricultural and Collection Practices (“GACP”) certification by the Control Union Medical Cannabis Standard (“CUMCS”). Paired with the recent Colombian law change, Flora may now export its high-quality dry flower to international GMP active pharmaceutical ingredient  producers or to markets where flower can be imported.

“In advance of this milestone, our team has signed several LOI’s for the sale and distribution of dry flower and derivative products to several international jurisdictions, including the EU, Australia, and Latin America. We are now in the position to unlock the significant potential from Cosechemos as we continue building our global distribution network,” said Jason Warnock, Chief Revenue Officer of Flora Growth. “Our team believes this certification demonstrates our ability to offer high-quality output, while also serving as an important precursor to GMP certification so that we can produce pharmaceutical-grade cannabis products and cannabinoid-based active pharmaceutical ingredients.”


Debra BorchardtDecember 30, 2019
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5min17440

It might have been a tough year for the cannabis company stock valuations, but it was a stellar year for new luxury products. Whether it was well-designed pipes or artistic accessories, consumers had their choice of high-end paraphernalia.

Puffco Travel Pipe

Puffco has won numerous awards for its vaporizer, but really the company should be winning for its industrial design of the Peak Travel Glass. This beautifully shaped water pipe lets consumers travel safely with the glass pipe filled with water, making it easier than ever to consume on the go and sure to make you the hit of any party. The company has filed for a patent on the closure system that features two positions accessible simply by rotating the mouthpiece. The open position lets you fill with water, inhale, empty water, and clean, where the closed position locks in your water so that none escapes during storage and transport.

At just under $125, this is truly a wish list item. However, it isn’t just any old water pipe. This one can be charged in order to determine heat settings. The website has created how-to videos in case you need some pointers. It’s fantastic to look at and impressive to use.

Vessel Vaporizor

Vessel Brands makes some of the most stylish vape products on the market. Designed with high-end materials like matt finished metals or woods like walnut and beechwood.  The idea is to provide the consumer with a vape product that will give the best airflow possible with an aesthetically pleasing appearance. It’s designed with a long-lasting battery that fits a standard 510 threaded oil cartridge. Each Vessel comes with a charger that has a magnetic connection on one end and a USB charger on the other. A moderate user can get 2-3 weeks from one charge.

Each Vessel is currently retailing for $80, but a special is running to get two Vessels for $125. With some vape pens, the consumer has to pull and pull, but with the vessel, it is effortless. The company is aware of the dangers that some users have been subjected to as a result of black market vape cartridges. Vessel has included several articles in its blog section in order to educate consumers on buying the safest cartridges to use with their brand. CBD oil cartridges can also be used with Vessels in case the consumer is a medical marijuana patient.

Greenlane’s Keith Haring Glass

This fall e-commerce company Greenlane (NASDAQ: GNLN) released its first products from its exclusive glass line featuring artwork by the famous late Keith Haring. Greenlane is mostly known for selling other company’s products like Juul and Pax, however, the company also has a brick and mortar store called Higher Standards. The store is known for its premium smoking accessories and it stocks the Keith Haring line. Greenlane is releasing a handful of the products at a time.

The small glass pipes or spoons retail for $50, while the larger water pipe goes for $220. At 12.4-inches tall, it is made from thick borosilicate glass that withstands extreme heat. A seven-slit showerhead percolator produces fine bubbles to moisturize, clean, and cool your smoke. The Water Pipe is designed with a fat-lipped mouthpiece, built-in ice catcher, and splashguard for comfortable draws. Trays and ashtrays retail for $60 and coming soon, lighters emblazoned with Haring artwork.


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