Turning Point Brands Archives

StaffOctober 17, 2022

The Daily Hit is a recap of cannabis business news for Oct. 17, 2022. ON THE SITE Cantor Ranks Potential M&A Cannabis Targets The cannabis M&A market may be on pause for now as companies cross their fingers for some sort of banking relief. “Uncertainty around SAFE Plus will probably delay M&A activity until after […]

Adam JacksonOctober 17, 2022

Turning Point Brands (NYSE: TPB) announced the appointment of long-tenured company executive Graham Purdy as CEO and board director on Monday to replace Yavor Efremov after he resigned as CEO and director. Efremov lasted barely less than a year as the CEO as he was officially appointed to the role in January 2022. The company also […]

Debra BorchardtAugust 24, 2022

Make money with dividends while waiting for cannabis stock prices to recover from a long bear market

Debra BorchardtJuly 27, 2022

Turning Point Brands, Inc. (NYSE: TPB) announced disappointing financial results for the second quarter ending June 30, 2022, as net sales dropped by 16.1% to $102.9 million. This missed the yahoo Finance average analyst estimate for revenue of $105 million, but it was higher than the first quarter’s net revenue of $100 million. Turning Point […]

Debra BorchardtApril 27, 2022

Turning Point Brands, Inc. (NYSE: TPB) announced financial results for the first quarter ended March 31, 2022. Turning Point reported that net sales decreased 6.3% to $100.9 million, while net sales for Zig-Zag and Stoker’s Products increased 10.1%. Net income decreased 6.7% to $11.0 million. The adjusted EBITDA dropped 9.8% to $25.3 million and the […]

Debra BorchardtFebruary 22, 2022

Turning Point Brands, Inc. (NYSE: TPB) reported its financial results for the fourth quarter and full-year ending December 31, 2021 as sales remained flat year-over-year. Turning Point‘s fourth-quarter total sales in 2021 were $105.283 million down slightly from 2020’s fourth-quarter total sales of $105.285 million. Net income in the fourth quarter fell to $11 million […]

StaffDecember 16, 2021

Turning Point Brands (NYSE: TPB) has appointed Yavor Efremov as President and Chief Executive Officer, effective January 11, 2022. Mr. Efremov succeeds the Company’s current CEO, Larry Wexler, who will retire in January following 18 highly successful years at TPB. Mr. Wexler will remain on the Board of Directors and serve as a consultant to […]

Debra BorchardtNovember 29, 2021

A new report from Headset has found that Americans aren’t as into pre-rolls as Canadian consumers. Between August 2020 and August 2021, the market share of pre-rolls in Canada averaged 18.6%, while in the US, the market share of pre-rolls only averaged 9.5%. The only exception it seems is the Massachusetts market. Apparently, they really […]

Debra BorchardtOctober 26, 2021

Turning Point Brands, Inc. (NYSE: TPB) announced financial results for the third quarter ending September 30, 2021 with net sales increasing 5.5% to $109.9 million. This missed the Yahoo Finance average analyst estimate for revenue of $112 million. Turning Point also reported that its net income increased 49.3% to $13.4 million and the adjusted EBITDA […]

StaffOctober 11, 2021

In a big “oops we goofed,” the Food and Drug Administration (FDA) took back its September 14 Marketing Denial Order for some of Turning Point Brands, Inc. (NYSE: TPB) vape products. Turning Point said all of its proprietary vape products, including its Solace branded e-liquids, will continue to be marketed while they remain under review. […]

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Tag: Turning Point Brands

The Daily Hit: October 17, 2022

Turning Point CEO Out After 10 Months, Guidance Lowered

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Turning Point Misses Estimates, Lowers Outlook

Zig-Zag Driving Growth At Turning Point Brands

Turning Point Sales Flat In Fourth Quarter

Turning Point Names New CEO, Outlook Rises

Americans Not As Into Pre-Rolls As Canadians

Turning Point Misses Estimates, Lowers Guidance

FDA Walks Back Turning Points Vape Denial

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Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

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