Supreme’s Vaping Distribution Success Drives Stock PriceArvin Peh
The UK distributor Supreme’s stock price surged 8% following the annoucement of becoming the UK distributor for ELFBAR and LOST MARY.
According to reports from the City AM on July 5th, following the announcement of UK distributor Supreme becoming the master distributor for ELFBAR and LOST MARY in the country, the company’s stock price surged by 8% at the opening and further increased by 5% in the afternoon.
Supreme has released its annual performance report for the year ending March 31, 2023. The report reveals a strong performance in the second half of last year, attributed to the outstanding performance of its e-cigarette business and profitable acquisitions. The e-cigarette division achieved record-breaking results, with its revenue doubling to reach £76.1 million.
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