TSX.V: SPDR

Spyder Vapes Continues Expansion With Third Retail Location In Burlington

WOODBRIDGE, ON, Dec. 19, 2017 /CNW/ – Spyder Vapes Inc. (“Spyder Vapes” or the “Company“), a leading distributor and retailer of e-cigarettes, vaporizers and accessories in the Greater Toronto Area, is pleased to announce that it is opening the 3rd Spyder Vapes retail store located at 1860 Appleby Line, Unit 11A, Burlington, Ontario to go along with the Company’s other two locations in Woodbridge and Scarborough.

The addition of 3rd retail location is part of the Company’s plans to grow the Spyder Vapes brand in Ontario, to be followed by an expansion into Western Canada in 2018 to capitalize on the fast growing global and local e-cigarette and vaporizer market.

“The opening of Spyder Vapes’ 3rd store is one more step in the execution of our expansion strategy across Canada.  Our mission, starting with our first location in Woodbridge, has been to build a unique brand, characterized by well-designed, high-end retail stores, that inspire trust and confidence in the customers we serve,” says Dan Pelchovitz, founder and President of Spyder Vapes. “We look forward to continuing the building of our brand in the Burlington location.”

Global E-Cigarette and Vaporizer Market

According to a recent industry report, the Global E-Cigarette and Vaporizer Market is poised to grow at a CAGR of around 20.8% over the next decade to reach approximately US$61.4 billion by 2025. 

The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. Some of the prominent trends that the market is witnessing include combination of e-cigarette and cannabis industry and improvements in device technology and product innovation.

(Global E-Cigarette and Vaporizer Market Analysis & Trends – Industry Forecast to 2025.  Source: Research And Markets – https://www.researchandmarkets.com). 

About Spyder Vapes

Spyder Vapes Inc., a leading distributor and retailer of e-cigarettes, vaporizers and accessories in the Greater Toronto Are, also carries a full range of e-cigarette, vaporizer, e-juice, e-liquid and smoking cessation accessories.  The Company retails best of class products from leading manufacturers, as well as some of its own brands. 

Spyder Vapes retail stores are located:

BurlingtonScarboroughWoodbridge
1860 Appleby Line, Unit 11A, Burlington, Ontario6 Rylander Blvd., Unit 5B, Scarborough, ON7600 Weston Road, Unit 51, Woodbridge, ON
Tel: 416.345.8273 (VAPE)Tel: 905.265.8273 (VAPE)
Hours of Operation:
Mon-Fri 11:00 am – 8:00 pm
Sat 11:00 am – 6:00 pm
Sun  11:00 am – 6:00 pm
Hours of Operation:
Mon-Fri 11:00 am – 8:00 pm
Sat 11:00 am – 6:00 pm
Sun 11:00 am – 6:00 pm
Hours of Operation:
Mon-Fri 11:00 am – 8:00 pm
Sat 11:00 am – 6:00 pm
Sun 11:00 am – 6:00 pm

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, Spyder Vapes’ objectives and intentions. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; and other matters discussed in this news release. Although Spyder Vapes believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Spyder Vapes disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE Spyder Vapes Inc.

For further information: please visit www.spydervapes.com or call (905) 265-8273.

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