Ispire Technology announced that Aspire North America, one of its operating subsidiaries, has entered a five-year exclusive manufacturing and global distribution agreements with Hempacco, a manufacturer of hemp-based alternatives, cannabinoid smokables and rolling papers and subsidiary of Green Globe International.
Under the agreement, Aspire has agreed to supply, distribute and commercialize Hempacco's branded cannabinoid and nicotine vapor products, namely Dogg Lbs by Snoop Dogg.
"By leveraging Ispire's expertise in bringing to market cutting-edge vaping and precision dosing technologies and devices and Hempacco's leadership position in the herb and hemp-based alternatives sector, we plan to set new standards for the cannabis industry and its consumers," said Ispire Technology Co-Chief Executive Officer Michael Wang. "I don't know many people who don't recognize or appreciate the global impact that Snoop Dogg has had – both as an artist and cultural icon – on the cannabis industry. With our innovation, commitment to quality and collaboration, we look forward to expanding the reach of Dogg Lbs while driving sales and visibility across the cannabis sector."
As part of the company's international expansion strategy and pursuant to the agreement, Ispire will exclusively distribute vaping products worldwide for Hempacco, using the company's existing vapor ecosystem, which currently generates more than $100 million in revenue each year. Ispire will also oversee manufacturing and quality control of Hempacco's vaping hardware.