Kumulus Vape (ISIN: FR0013419876 – Mnemonic: ALVAP), e-retailer specializing in the sale of electronic cigarettes and related products (equipment, e-liquid and accessories), has taken note of the national tobacco control plan (PNLCT) presented on November 28, 2023 by the Minister of Health and Prevention for the period 2023 – 2027. In its capacity as a multi-channel distributor of vaping products, among the most representative leaders in its market, the company wishes to make known the welcome she reserves for him.
Satisfied with the ban on disposable electronic cigarettes (”
puffs
“)
The PNLCT confirms the upcoming ban on single-use electronic cigarettes, known as “
puffs
», carried by bill no. 464, the examination of which will begin on December 4, 2023 in the National Assembly. If, by its simplicity of use, the “
puff
» has established itself as an effective risk reduction tool, it raises an environmental issue that a company like Kumulus Vape, committed to an ambitious CSR approach, cannot ignore.
Also the probable ban on “
puffs
» is welcomed by the company as a welcome step forward. As a reminder, the category “
puff »
represented less than 3.2% of Kumulus Vape’s overall turnover over the first three quarters of the 2023 financial year.
Kumulus Vape already committed to preventing smoking among young people
Kumulus Vape regrets that the conflation has once again been made between electronic cigarettes and the transition to smoked tobacco by minors, even though recent scientific studies prove the opposite. Whether disposable or permanent, the electronic cigarette remains the first line of defense against smoked tobacco. In addition, the company recalls that the ban on the sale of all vaping products to minors long predates the appearance of the first “
puffs
“. Kumulus Vape, which strictly respects this ban on its e-commerce platforms as well as in its specialized stores, is impatiently waiting to know the concrete details of the planned “strengthening of control of the ban on the sale of tobacco products to minors”. by the PNLCT.
Finally, Kumulus Vape does not currently intend to make any comments about the hypothesis raised by the authors of the PNLCT to neutralize the packages of vaping products.
Next meeting
2023 turnover
February 1, 2024 after market closing
About Kumulus Vape
Kumulus Vape quickly established itself at the forefront of French electronic cigarette players. Since its creation in 2012, the Company has been driven by a mission: to offer, through vaping, a safe and effective alternative to smoked tobacco in order to reduce its health and environmental consequences. With this in mind, Kumulus Vape has built one of the richest electronic cigarette catalogs on the market with nearly 7,000 references available through its e-commerce platforms for individuals and specialized stores (cigarette wholesaler activity). electronics). In 2022, despite the exceptional context, the Company achieved a turnover of more than €55.7 million, an increase of 61%. The Company is based in Corbas, in the Lyon metropolitan area, and today employs nearly 60 employees. Kumulus Vape has been listed on Euronext Growth since June 2021 (ALVAP / ISIN code: FR0013419876).
Contacts
Kumulus Vape
Vincent Baudoin
Communication director
06 10 84 52 59
Kumulus Vape
Laetitia De Touchet
CFO
06 82 32 16 99
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