Our tobacco vaping products are sold through a distribution network of more than 150 distributors in over 30 countries. (Incorporated in the Cayman Islands)

In December 2020, we commenced the marketing of cannabis vaping technology products in the United States. Vaping refers to the practice of inhaling and exhaling the vapor produced by an electronic vaping device. Our tobacco vaping technology products are marketed under the Aspire brand name and our cannabis vaping technology products are marketed under the ISPIRE brand name.

There are generally two types of vaping systems – open system and closed system.

The term open system generally refers to vaping devices consisting of tanks, which include heating coils, and mods, which include the battery packs. Open system vaping devices allow end consumers to refill the tanks with their own liquid by themselves. With open systems, consumers have great flexibility in mixing different coils, mods, and e-liquid to create a more personalized experience. Our open system vaping devices are sold under our own brands, including “Aspire,” “Nautilus,” and “Zestquest.”

The term closed system generally refers to vaping devices that consisting of cartridges, which include a heating core (sometimes referred to as atomizers) and is filled with e-liquid, and batteries, which power the cartridges. The closed system vaping devices include rechargeable closed system vaping devices and disposable closed system vaping devices. The cartridge can last from a few days to two weeks, depending upon the frequency of use. We market a line of closed systems. Unlike the open system, the closed system includes the coils and liquid. We believe that the market for closed systems is increasing rapidly and it is becoming the dominant form of vaping.

Through our global distributor network of more than 150 distributors, our Aspire tobacco vaporizer technology products are marketed and sold in over 30 countries. Sales of our ISPIRE cannabis vaping technology products commenced in December 2020 in the United States. Our sales of ISPIRE products to date have been primarily through direct sales of ISPIRE branded atomizers to other cannabis brands as semi-finished products.