sur GPO Plus, Inc. (NASDAQ:GPOX)
GPOPlus+ Announces Successful First Phase Rollout of LOON Disposable Nicotine Vape Pens
GPO Plus, Inc. (OTCQB:GPOX) reported a successful first phase of distribution for LOON products, a notable achievement for the technology-driven company. Specializing in the development, manufacturing, and Direct Store Delivery (DSD) distribution of consumer products for specialty retailers, GPOX’s introduction of LOON vape pens marks a significant expansion of its product offerings. The launch catered to convenience stores and gas stations, demonstrating GPOX's commitment to diversifying its retail solutions.
The strategic Distribution Agreement with Maduro Distributors, Inc., trading as LOON, was initiated in December 2023. LOON has established itself as a leader in the vaping industry since its inception in 2013, offering a wide variety of disposable e-cigarettes. These products are designed for ease of use, requiring no maintenance or refilling, making them particularly appealing to on-the-go consumers.
The initial distribution phase has successfully placed LOON products in approximately 283 gas stations and convenience stores across five Midwestern states. The promising sales data from this phase indicates a strong market reception. GPOX and LOON are now poised to commence the next phase of distribution, targeting three additional states starting April 2024.
Brett H. Pojunis, CEO of GPOX, emphasized the alignment of LOON’s product offerings with GPOX’s distribution capabilities and consumer preferences. Sean Claeson, COO of Maduro Distributors, acknowledged the strategic fit between the two companies, highlighting the combined focus on logistics, data delivery, and digital marketing efforts aimed at driving store traffic.
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