SAVANNAH, GA, June 19, 2018 (GLOBE NEWSWIRE) -- Smoke Cartel, Inc. (Ticker: SMKC), a leading online retailer and wholesaler of glass water pipes and related accessories for the cannabis industry, today announced that it has retained Investor Relations Partners (IRP) as its investor relations firm of record. Under the terms of the agreement, IRP will expand Smoke Cartel’s presence with the nation’s brokerage and investment community, manage its growing shareholder base, organize management investor roadshow presentations, develop and implement the Company’s overall corporate communications strategy and secure the lowest cost of growth capital to help finance Smoke Cartel’s growth strategy. It is worth noting that IRP has represented some of the cannabis industry’s most successful companies, including Kush Bottles (Ticker: KSHB), the leading provider of packaging, supplies and braiding solutions for over 5,000 dispensaries located across the United States, amongst many others.
“Smoke Cartel’s proprietary technology has enabled the Company to become the undisputed leading online retailer of high quality accessories ranging from glass pipes to vape pens tailormade for the cannabis industry,” said Darby Cox, Chairman and CEO of Smoke Cartel, Inc. “Although we are currently operating in a highly-fragmented business, we believe the industry will undergo a period of intense consolidation with the surviving companies being those with the highest quality products, best management teams and proven growth strategies that stand to only benefit from the synergies and operational efficiencies from consolidation.
“We strongly believe Smoke Cartel will be at the forefront of the acquisition spree but in the meantime will use 2018 as a year of building our foundation by strengthening our brand recognition, announcing a series of new strategic partnerships, as we continue to solidify our leading position amongst online cannabis retailers. However, as a new public company, we do not believe the market has yet to grasp our unique growth strategy and the enormous role we expect to play in the ecommerce market for cannabis-related accessories. We have retained IRP to help communicate a series of expected positive developments in the coming weeks to the investment community as well as supporting our overriding goal of building shareholder value,” concluded Ms. Cox.
Bill Miller, Senior Vice President of Investor Relations Partners, said, “We are looking forward to introducing the Smoke Cartel investment story to beyond its existing shareholder base and the cannabis investing community. We expect 2018 will represent a breakaway year for Smoke Cartel and its shareholders when considering their rapidly growing position in what is considered to have grown to become the largest cash crop in the United States. With an industry that is growing at annualized rate of approximately 80%, we believe Smoke Cartel will appeal to both value and earnings growth retail and institutional investors given our belief that the company is significantly undervalued when considering the growing demand for its high-quality cannabis-accessories in one of the largest and expanding industries the country has seen since the dot com era. The Company’s growth strategy of having first mover advantage immediately following a State’s announcement of its intention to legalize cannabis coupled with a proprietary technology that could eventually even be utilized for other industry and applications should enable Smoke Cartel to generate significant revenue growth and earnings as early as this year,” concluded Mr. Miller.
To be added to Smoke Cartel, Inc.’s investor lists, please contact Bill Miller at 844-565-5665 or via email at bmiller@irpartnersinc.com.
About Investor Relations Partners, Inc.
Investor Relations Partners (IRP) is a full-service investor relations firm serving a global client base. Founded nearly 20 years ago by former senior executives from the Financial Relations Board/Weber Shandwick Worldwide, IRP’s overwhelming success is due primarily to its unique business model which focuses almost as much on the success of its retail and institutional investors as it does on its publicly-traded clients. This unique approach towards investor relations requires IRP to conduct stringent due diligence on its potential new clients prior to agreeing to represent them, thereby being able to introduce only the best-of-best to its investor database and not necessarily every client that can simply afford to pay its bills but yet fail to deliver on the building of shareholder value. As a result, IRP has been recognized by both trade and investor industry publications as one of the fastest growing private companies in the U.S., has been awarded the coveted “IR Program of the Year” award in numerous years and whose executives have been singled-out by publications like Forbes as one of most influential managers on Wall Street. Amongst its many accolades, it also holds the industry’s highest client retention ratio since its inception in 2006. However, the firm’s single most important accomplishment is the aggregate performance of its client base, which continues to achieve an average return on investment of between 200%-250% a year.
About Smoke Cartel, Inc.
Smoke Cartel, Inc. (Ticker: SMKC) is one of the leading online retailers of glass water pipes, vaporizers, bubblers, spoons, oil and dab rigs, smoking accessories, and cannabis accoutrements. The Company provides a wide variety of high quality products, reliable customer service, and rapid dependable shipping. Smoke Cartel offers 24-hour support and online chat services to ensure the customer experience is timely and professional. Smoke Cartel operates a transparent business model which is important in an industry with varying state regulations and significant scrutiny. The Company’s website at www.smokecartel.com offers fast load times and optimizations making the product search process quick and seamless.
(Certain matters discussed in this press release may contain statements, estimates and projections that involve risks and uncertainties in Smoke Cartel Inc. business that may cause actual results to differ materially from those anticipated by the statements made herein. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. Smoke Cartel undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.)