Turning Point Brands, Inc. and ReCreation Marketing Announce that ReCreation Marketing Has Changed Its Name to Turning Point Brands Canada
December 06 2021 - 12:42PM
Business Wire
--Rebrand a Result of Turning Point Brands,
Inc. Increasing Equity Stake in ReCreation in July 2021--
--Name Change Marks Turning Point Brands,
Inc.’s Continued Expansion in North America--
Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer,
marketer and distributor of branded consumer products, including
alternative smoking accessories and consumables with active
ingredients, and ReCreation Marketing (“ReCreation”), a Canadian
distribution company, announced today that ReCreation Marketing has
changed its name, and will be known and operate as Turning Point
Brands Canada (“TPB Canada”), effective December 6, 2021.
The name change follows a transaction completed on July 30, 2021
that resulted in Turning Point Brands increasing its equity stake
in ReCreation Marketing to a majority position.
“ReCreation Marketing changing its name to Turning Point Brands
Canada reflects our commitment to our shared values with TPB and to
expanding the exposure and reach of iconic core brands, such as
Zig-Zag, in Canada,” said Mikail Fancy, Chief Operating Officer of
Turning Point Brands Canada. “TPB Canada is laser-focused on
creating value directly with, and for, our partners, by offering a
portfolio of recognized, differentiated, consumer-relevant brands
and products.”
Turning Point Brands Canada continues to focus its resources on
being a leader in the cannabis accessory category in Canada by
fostering long-term, growth-oriented partnerships with
manufacturers and retailers.
“The rebrand of ReCreation Marketing to TPB Canada is a
testament to our confidence in the ReCreation management team and
is a natural extension of our infrastructure and portfolio
development that puts consumers and their evolving needs at the
center of our strategy,” added Larry Wexler, CEO, Turning Point
Brands. “This change further demonstrates our commitment to
positioning TPB as a leader in branded consumer products.”
About Turning Point Brands
Turning Point Brands (NYSE: TPB) is a manufacturer, marketer and
distributor of branded consumer products, including alternative
smoking accessories and consumables with active ingredients,
through its iconic core brands Zig-Zag® and Stoker’s® and its
emerging brands within the NewGen segment. TPB’s products are
available in more than 210,000 retail outlets in North America, in
addition to sites such as www.zigzag.com, www.nu-x.com and
www.solacevapor.com. For the latest news and information about TPB
and its brands, please visit www.turningpointbrands.com.
About Turning Point Brands Canada
Turning Point Brands Canada Corporation (FKA ReCreation
Marketing) is a specialty marketing and distribution firm focused
on building brands in the Canadian smoking, vaping and alternative
products categories. TPB Canada’s management has significant
expertise in marketing and distributing tobacco products throughout
Canada, with over 50 years of combined experience building and
managing a portfolio of premium brands. TPB Canada’s management is
supported by a team of expert sales associates who serve up to
25,000 traditional retail outlets and newly-established cannabis
dispensaries across Canada.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements may generally be identified by the use of words such as
"anticipate," "believe," "expect," "intend," "plan" and "will" or,
in each case, their negative, or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. By their nature, forward-looking
statements involve risks and uncertainties because they relate to
events and depend on circumstances that may or may not occur in the
future. As a result, these statements are not guarantees of future
performance and actual events may differ materially from those
expressed in or suggested by the forward-looking statements. Any
forward-looking statement made by TPB in this press release, its
reports filed with the Securities and Exchange Commission (the
“SEC”) and other public statements made from time-to-time speak
only as of the date made. New risks and uncertainties come up from
time to time, and it is impossible for TPB to predict or identify
all such events or how they may affect it. TPB has no obligation,
and does not intend, to update any forward-looking statements after
the date hereof, except as required by federal securities laws.
Factors that could cause these differences include, but are not
limited to those included it the company’s Annual reports on Form
10-K, Quarterly Reports on Form 10-Q and other reports filed by the
Company with the SEC. These statements constitute the Company’s
cautionary statements under the Private Securities Litigation
Reform Act of 1995.
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version on businesswire.com: https://www.businesswire.com/news/home/20211206005176/en/
Media Contacts Turning Point Brands, Inc.: Raquel
Cona KCSA Strategic Communications 212.896.1204 rcona@kcsa.com
Investor Contacts Turning Point Brands, Inc.:
Louie Reformina, Senior Vice President, CFO Turning Point Brands,
Inc. 502.774.9238 ir@tpbi.com
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