Vape-tech company Ispire Technology Inc. (NASDAQ: ISPR) reported Monday financial results for the fiscal year 2023, which ended on June 30, 2023 revealing 100.4% growth in revenue from cannabis products year-over-year, reaching $40 million.

"The fiscal year 2023 marked a significant milestone for Ispire, with a 100.4% and 10.9% surge in cannabis and tobacco vaping products revenues, respectively from fiscal year 2022,” stated Michael Wang, the co-chief executive officer of Ispire. “Overall revenue increased 31.2%. This growth was predominantly driven by the doubling of the revenues from our cannabis vaping products in the United States and a rise in sales of tobacco vaping products in Europe. Central to this success is our multi-pronged strategy: expanding our e-cigarette vaporizer technology sales and …

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