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An announcement from VPR Brands ( (VPRB) ) is now available.
VPR Brands has reached a settlement agreement with 7 Daze, LLC regarding a patent infringement dispute over auto-draw electronic cigarettes. The agreement grants Daze a non-exclusive license to use VPR’s patented technology in exchange for a $100,000 settlement payment, reinforcing VPR’s commitment to protecting its innovations and fostering industry relationships.
More about VPR Brands
VPR Brands is a technology and intellectual property holding company engaged in monetizing its U.S. and international patents related to electronic cigarette and vaporizer technologies. The company designs, develops, and markets products targeting the cannabis market, including brands like ELF and HONEYSTICK vaporizers and DISSIM Lighters.
Average Trading Volume: 35,626
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.44M
Learn more about VPRB stock on TipRanks’ Stock Analysis page.