Supreme, a UK-based distributor and manufacturer of wholesale vaping products, said in a news release on Thursday that transactions for the current fiscal year remained in line with the company's market expectations.

The AIM-traded company, which is holding its annual shareholder meeting, said it had a strong year to March 31, supported by organic growth in its leading divisions and acquisitions of complementary businesses.

Supreme Chairman Paul McDonald said the company continues to develop a broad customer network in retail and is pleased with the progress it has made in increasing retail penetration and the recent positive impact of brands and products.

“The transactions for the financial year remain in line with market expectations, which are well-positioned to achieve our strategic goals, supported by the recent acquisition of the e-cigarette business Liberty Flight and the purchase of the trade and assets of Cuts Ice and Flavor Core.” MacDonald Say.

"Our fast-growing e-cigarette category continues to underpin the group's growth."

In addition to the strong performance of Supreme's 88vape brand, including gaining new customers in grocery and convenience retail, McDonald said the company is committed to growing its vaping business, most recently acquiring Liberty Flights and Cuts Ice and Flavor Core in June. Prove it.

The two deals are highly complementary and immediately boost earnings and will bring scale to the group, MacDonald said, adding that the company is well-positioned to help mitigate the impact of inflation on consumers.

"Going forward, we will continue to explore additional M&A opportunities to complement the group's organic growth, and the board remains confident in Supreme's strategic ambitions, supported by the exciting prospects of the e-cigarette industry," he said.

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