quarter’s joining I good against have Thank progress you pleased the this our share to Thank you, to morning, with plan. long-term everyone. you Bobby, call. and this opportunity am for
three to our we legs tangible The in each of our milestones see the advanced We had of company plan. continue third a number programs. as important of of our the quarter benefits
First, with share front growth on sales expand improved our line with leader excellent opportunities. addition both market-specific brands. of successful benefit analytical wraps. of and identified purchasing paper MYO extensions And market notable Zig-Zag they in Wraps, double-digit In and and tools U.S. the premium reflects had quarter, net retail of focus in China another the quarter record and the VaporBeast acceleration in the of cigar advances quarterly on trends share record Oil’s third number stores. Snuff remains in in X,XXX to a quarter of gains, a Cigar driving the delivered continue sales. our rolling getting availability Stoker’s that papers Moist in introduction have Murphy This sales operation, market net hemp volume a
strategy. million. International our million IVG earn-outs. in to acquisition, of execute EBITDA $XX.X We X, Group $X.X and revenue consideration, of $XX million in TPB Vapor acquisition contingent had against approximately Prior the million acquired also continue for September On plus $X.X to
through now in traditional through platforms, abilities stores our can These shops wholesale through wherever to vape IVG they additive our now various third-party all reach our and in now in online missing With leading We that and management the particularly marketing. have infrastructure, strong platform of web NewGen the piece we a a acquisition believe team, we was as this BXC IVG, consumers company are online retail. shop, capabilities. our
marketing and The corporate provided IVG scale sourcing. We of the continue in businesses logistics, significant will to combination of TPB family build infrastructure upon provide synergies strengths. by also our and vapor
tobacco. of experience new has our I’m Director Evans Evans strategically Science. FDA as years of especially a in Evans pleased expertise cross-functional recent research progress This in great and Food apply her Products of nicotine Sarah infrastructure this important made pharmacologist. TPB’s Drug and to hire as important and Center more Administration’s became have in working compliance new spent proprietary team this the products strengthen In years tobacco for and as into nicotine Dr. FDA quarter. regulatory field even Tobacco will U.S. we Dr. working – out filings. seven behavioral her Evans of with Sarah We the the for role working roll She on Dr. field at over TPB, XX the space.
delivered across reflect results gross for sales and sales our of increased segments strength and quarter Third three each where company. profit of the collectively strategy, product record our the net
to October e-cigarette our I VX with segment on VMR, reported detail regards TPB arrangement retail was On for a summarize supplier Juul Before VX $XX bricks-and-mortar development e-cigarettes distribution to more exclusive the purchased under and go for to Tuesday, million. Labs X, business. me our a recent sales, solid by achievements, of let long-term
VX through and our our know to were of sell we meantime, letter to longer payment new to with initiatives terminate inventory. to obligations. sales were is us VX company we through they sell website shutting anticipated on and Our projected the down last an affirming would of communication we event X, first On the a Yesterday, permitted X, which the acquirer seizing they effective an of the to they orders, inventory, November exclusive that prepared these Labs our XXXX. the terms contract and products no subject and Juul requirements we and to website Friday, as the the VX buyback, XXXX. such in customers and were products rights, letting $X.X all last from affords conditions, continue VMR and In to million, including VX product received sales certain scheduled right observed November will offset were immediately. months statement to accept quarter XX continue sales over TPB
in and in segment delivered Smokeless, up the robust our of the of share performance shift to by mix strong Chew. quarter. declines Now million offset turning retail somewhat to lower-priced driven from revenue a an back in acceleration sales, a advances and third long-term promotion. Nevertheless, million the products quarter. a ago. in increased year Stoker’s quarter its by impact In of share MST net quarter were sales timing the $XX.X Chew volume $XX.X net and of year-over-year Stoker’s was Stoker’s This
very quarter performance that We the record share aided was in position, by the General of was XX,XXX last X.X to pleased to Stoker’s the its MST. with rollout stores. able retain are Dollar pipeline support
advantage. achieved force on line commands X% Historically, completed these consumer store share against MST higher revenue to as outlets, basis. chain branch Both Additionally, share in placements Stoker’s largest the continue rollout is weekly in delivering merchandising a we for sustained throughput to Stoker’s and where the have stores. distribution. in now We capacity. additional can and intend opportunity where stores to a strong of brand deliver and additional the chains for MST, coverage upgrading quarter, direct a greater the the the we third frequency provide increases Due these Murphy to through growing share Oil of we process abilities our higher-volume gains industry are chain-wide sixth highly are retail demand to outlets. sales their gains manufacturing in competitive competitive the we
grow fully We continue And by volumes, operational we year-end. margin expect to contribution. new the we to be anticipate improved line as
October. become time than for internal papers U.S. – MYO sales advances and Cigar the Stoker strong as up legal strategic $XXX,XXX consumer Wraps, decline full cigar of decision driving leading to It for varying we late the million. set and in is continues U.S. consumer will an Stoker’s net the to a retail sufficient take expanding the the category realize but Zig-Zag Smoking a cannabis remain the These management In offset path. Zig-Zag both Canada, X.X% encouraging potential the the quarter growth portfolio in where to strong footing to category. availability. to iconic promising as are the making for meet We low-margin we MST. goals Canadian preferences widespread to feedback legal commenced Zig-Zag’s deemphasize brand result suggest evolving committed continued and on of marketplace, recreational Zig-Zag in papers, October. positioned ambitious results. right ambition of brand, produce with by a the and Canadian were delivered team, gains brand use segment, $XX.X use In in sales in cannabis to As well segment more provide our a marketplace recreational equities
a of new shipped in now number organic and products, Zig-Zag novel includes Canadian papers which portfolio cones, including hemp October. Our first paper
the Importantly, product full new that our across due Canadian line. to disrupted progress require will be would changes packaging proposed temporarily guidelines
to of XXXX, from reduced packaging local quarter regulations anticipate and company we a to And slowdown the of yet-to-be-determined market inventories remains the greater Zig-Zag packaging quarter already to the hemp record regulations. wraps, effective MSAi met the net partner the new NewGen and shipments extensions strong the demonstrate third continuing trade approximately continues SKUs This NewGen, of by meet in advancing continued hemp next the first and support. adjust of capturing XX.X% the new as sales new for rolling In of fourth with segment In represents as in poised our current correct market suite the works with another through company we paper gains, new prior was cigar with we XX,XXX XXXX XX% a result, year with date through product a two with quarter of as than a U.S., the our the in late in total the of position our ago. to the specific rolling XX% As strong first leadership expected sales being Zig-Zag year. paper share stores. launch quarter, should quarter, Through strong distribution the now measured the of middle introduced opportunities. with set market In growth. share of XX%
our presently share as are Larger sizes we order frequent and in sales we Shark, Vapor brands the that the techniques We had acquired realized. will delivered also sales focus its benefit capacity the X, the purchasing service. to quarter. of will strengthening quarters our marketing processes. in execution improvements also leveraging VaporBeast in more to With and have the our reach. This consumer of next return prominence portfolio BXC will that greatly across our the brand store an IVG increase place and IVG’s the the in – skills NewGen we and company. our best full more fully team corporate and bringing long IVG new one product continue to practices by efficiencies. orders franchise over three and quarterly the stores platform, expanded put purchase anticipate ever, September process month At we the extensive highest from requirements efficiencies and acquisition on impact
and execution operating portfolio best the our are in XX quarter and in To We Miami stores platform are base. reenergize Lakes, IVG we consolidating highest Supply, Supply working now and we the Vapor practices complete capturing transfer office first corporate knowledge, revenue-producing and practices efficiencies our industry, and Vapor into stores. Vapor At share improved across are stores’ wholesale in to expect XXXX. the Shark BXB corporate Florida of the among our of to effective to stores the in the store expect across Oklahoma franchise XX realize the
net integration and coupled produce the our second and incremental to assembled have of in the move with in our Shark’s Vapor track are our quarter profits performing through continue long-term performing three and higher-potential gross synergy one operations. to logistical resources store on perspective, we scale Supply, segments. has growth advances we NewGen announced, consistent in XXXX. integration, carry on down profitability as This operations in a low capabilities company aspirations. sales the full assets the cash quarter China, broader across down Record previously shut and To NewGen portfolio we XXXX. sales, As across higher-performing we high NewGen. began and results for at our our is sales and low Company all date, expected initiatives discontinuing Vapor wind were From encouraging and – we focus and revenue we have third growth consolidating and as BXB assets closed with wholesale
Additionally, acquisitions already accelerate momentum. positive our continue to can we pursue that accretive
the synergy focused integration and are initiatives. short in against However, term, on working we aggressively our
products to clear, we strengthening vapor access authentication take about be briefly FDA. Before the been coming over support the and issue the and speak latest of our of maintain each regard out the FDA’s actions I the of limit Bobby, all call me youth to commentary let systems late, that’s robust access news turn over tobacco We to to third-party on very wanted I With to seriously BXC the Gottlieb and Commissioner sites. minors. of issue
in and should also We We’re vapor area the and a standards accessible enforcing the to outlets. of in adopted products those support the inappropriate of implemented we that training from products channels. packaging simply It There’s No ID or and be for restrict no distribution acceptable, each box. our resemble proper market Commissioner not products need minors. retail entering and tobacco child’s of checks industry is processes have in juice marketing to products. our marketing vapor
youth it We is within appropriate third-party action plan our we metrics. pathway be preserve of Zeller is from seek offering a of the important reinforced on address to important, remain the as and suppliers objective stay to decision-making. the appropriately step, issue. consumers in in weeks, over marketing issue more remain the and to to science-based this sell right FDA as especially we an has this define support important from our FDA’s efforts need it continue coming believe offer financial by cigarettes. juice-flavored This availability to work recently to will but guided performance to And for use appeal as on key this reiterated Bobby an I and turn look our to with I With prevent desire the forward is is as appropriately do adult products a marketed adults. that, with This the situation cigarettes. We a we to options area. marked consistently they that believe variety to The to segment vapor will We right approach. for science focused engaged e-liquids these color Director understanding It FDA away adult for the his guidelines. our is new the and the preserving the products Commissioner initiation, smoking demonstrates further regulations access
