Las Vegas, NV (March 29, 2024) GPO Plus, Inc. (OTCQB: GPOX), a technology driven company specializing in the development, manufacturing, and DSD distribution of consumer products for specialty retailers, including convenience stores and gas stations, is pleased to announce the successful launch of its first phase of distribution of LOON products.
In December 2023, GPOX entered a Distribution Agreement with Maduro Distributors, Inc. dba LOON. Founded in 2013, LOON is a leading brand in the vaping world, renowned for its innovative range of disposable e-cigarettes. Designed for convenience, LOON’s disposable vapes deliver a seamless vaping experience without the hassle of maintenance or refilling. Their compact and stylish design ensures portability and discretion, catering perfectly to on-the-go vapers. One of the standout features of LOON is its wide range and diverse flavor selection, which creates a satisfying and enjoyable vaping experience. Ideal for both occasional vapers and those transitioning from traditional smoking, LOON’s disposable e-cigarettes have quickly become a popular choice in the vaping community.
The first distribution phase has been successfully rolled out to approximately 283 gas stations and convenience stores across 5 states throughout the Midwest. The initial sales data suggests that LOON will perform well as we have experienced good initial sales velocity and are hoping for a strong growth rate as markets mature. GPOX is now working together with LOON to start the next distribution phase across three states, which is slated to begin in April 2024.
“GPOX is excited to add LOON to our highly curated roster of key vendors. After careful consideration, vetting, and due diligence, it became clear that LOON is the right disposable, e-nicotine vapor vendor partner for GPOX, our Retailers, and, most importantly, our highly valued customers,” said Brett H. Pojunis, CEO of GPOX. Pojunis continued, “the team at LOON understood our partnership approach. Given their PMTA status, in addition to owning their manufacturing facility, they are a great fit for us as we continue to build a scalable national DSD distribution model.”
“GPOX offered us a strong value proposition; controlling their own DSD distribution and managing accounts with weekly deliveries. They were a natural fit for us; helping us expand our presence in the Midwest, hyper focused on logistics and data delivery, and they even help brands like us enhance digital marketing campaigns designed to drive traffic to their stores,” stated Sean Claeson, Maduro Distributors COO.
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About GPOPlus+ (GPOX)
GPO Plus (GPOX) is a product development, manufacturing, and DSD distribution company that offers a diverse portfolio of high-quality, innovative products sold directly to retailers. Our business is organized around three key areas: products (developing and manufacturing), distribution (getting our products to customers), and sales + marketing (promoting and selling our products to consumers and retailers). Our goal is to expand our product line and distribution reach to meet market demand and the needs of our customers.
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About Maduro Distributors, Inc. dba LOON
Founded in 2013, Loon is a pioneering force in the vaping industry, dedicated to making smoking history. With a mission to maximize the positive and reduce the negative impact of vaping, Loon offers a range of electronic nicotine products for adult smokers and vapers. LOON is a leading name in the vaping scene, renowned for its innovative range of disposable e-cigarettes. LOON’s disposable devices offer unparalleled convenience, boasting pre-filled chambers and pre-charged batteries for a hassle-free vaping experience. Crafted with a sleek and compact design, they’re the epitome of portability and discretion, perfect for those on the move. But it’s not just about convenience – LOON stands out for its diverse array of flavors, delivering a satisfying throat hit and impressive vapor production with each puff. Whether you’re a casual vaper or making the switch from traditional smoking, LOON disposable vapes promise an enjoyable and seamless experience every time. Visit www.TheLoonMN.com for more information.
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company’s need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks that are detailed from time-to-time in the Company’s filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as “may,” “will,” “can” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “seek,” “estimate,” “continue,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “target,” “potential,” and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company’s actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company has no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting GPO Plus, Inc. GPOX, please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contacts:
GPOX Shareholder Success Team+ Investor Relation Contacts:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Shareholder’s Line: 855.935.GPOX (4769)
