Ispire Announces Global Licensing Agreement with Hidden Hills Club

Business by 2FIRSTS.ai

Aug.07.2024

Ispire Announces Global Licensing Agreement with Hidden Hills Club

Ispire Technology Inc. announces 30-year global exclusive licensing agreement with Hidden Hills Club to enter nicotine market.

On August 6th, according to a statement on the official website of Ispire Technology Inc. (NASDAQ stock code: ISPR), Ispire announced that its subsidiary, Aspire North America LLC, has signed a 30-year global exclusive licensing agreement with Hidden Hills Club. This marks the company's entry into the global nicotine products market.

According to the agreement, Ispire will be responsible for the global manufacturing, distribution, and commercialization of Hidden Hills brand nicotine products, such as low-risk e-cigarettes.

The first batch of Hidden Hills nicotine products is expected to launch in the United Arab Emirates and South Africa within the next few weeks, followed by entry into the UK and EU markets in the coming months.

Ispire CEO Michael Wang stated,

Our partnership with Hidden Hills Club allows us to bring more innovative and low-risk nicotine products to a global audience. This 30-year exclusive licensing agreement will enable us to make significant investments in the Hidden Hills brand, ensuring strong distribution and a deep product portfolio that captures the essence of this iconic lifestyle brand. Hidden Hills, as a lifestyle brand encompassing apparel, accessories, and cannabis and industrial hemp products, has experienced explosive growth in popularity over the past two years. Collaborating with Hidden Hills will help Ispire capture this West Coast culture and energy, injecting it into nicotine products under the global Hidden Hills brand.

The CEO of Hidden Hills Club, Dre Liang, stated

Collaborating with Ispire is a strategic decision for us. Their expertise in e-cigarette technology and global distribution network provide the perfect platform for our brand to enter the nicotine products market. We believe that this partnership will redefine the market by reflecting our brand's commitment to quality and innovation through our products.

Earlier this year, Ispire partnered with Hidden Hills Club to launch "Hidden Hills & Friends," featuring a combination of the dual oil cartridge SWTCH ONE with Hidden Hills' specialty cannabis oils from Plug 'n Play, Packwoods, Big Chief, and LA Traffic, released in Nevada on February 14th.

It is estimated that by 2024, the e-cigarette and marijuana vaporizer markets will reach $29.9 billion and $11.6 billion, respectively.

According to reports, Hidden Hills Club is a cannabis alternative brand based in Las Vegas, Nevada, USA.

References:

[1] Ispire Technology Inc. Signs Exclusive 30-Year Global Manufacturing and Distribution Agreement with US-Based Lifestyle Brand Hidden Hills Club

Also Read:

[1] Ispire Technology Establishes ODM Relationship with Global Vaporizer Brand

[2] CAPPA Condemns Aspire-BrkFst for 5-year E-cigarette Deal

[3] Ispire Collaborates with Berify and Chemular on Blockchain Technology

[4] Ispire Technology Q3 Report: Revenue Growth Driven by North American Cannabis E-cigarette Sales

#North America #United States #Open system e-cigarettes #Major companies

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

British American Tobacco’s Irish unit says VELO pouch sales hit 29m, net revenue climbs to €33.75m

British American Tobacco’s Irish subsidiary PJ Carroll & Co Ltd reported that sales of its Velo nicotine pouches nearly quintupled in 2024 to 29 million units, driving an 11% year-on-year increase in net revenue to €33.75 million. However, amid a heavy tax burden and declining traditional cigarette volumes, the company’s pre-tax profit fell 8% to €5.69 million.

Dec.01 by 2FIRSTS.ai

COP11 Concludes with Major Decisions on Global Tobacco Control

The Eleventh Session of the Conference of the Parties (COP11) to the WHO Framework Convention on Tobacco Control (FCTC) concluded in Geneva on November 22, with 160 Parties adopting major decisions on tobacco and nicotine regulation, environmental protection, sustainable financing, and tobacco industry liability. A landmark decision mandates a complete ban on the use and sale of tobacco and all novel nicotine products across all UN premises worldwide.

Nov.24 by 2FIRSTS.ai

Coral Springs, Florida Moves to Extend Ban on New Vape Shops as Number of Existing Stores Reaches 23

Coral Springs, Florida is considering extending its six-month moratorium on new smoke and vape shops as it works to finalize zoning rules and regulatory measures in response to a rapid increase in such retailers in recent years. The city is already home to 23 smoke and vape shops.

Dec.01 by 2FIRSTS.ai

BAT Expects Around 2% Revenue and Operating Profit Growth in FY25

British American Tobacco (BAT) reaffirmed its 2026 guidance while announcing a £1.3 billion (approximately USD 1.65 billion) share buyback for FY26. The company expects around 2% growth in revenue and adjusted profit from operations for FY25. Accelerating New Category growth, driven by Velo Plus and improving U.S. Vuse performance, is expected to deliver double-digit H2 revenue growth.