Vape Companies In Africa
Six vaping companies in Africa include Twisp, Valkyrie Blend, Wiener Vaper Co., Five Points, Digicig, and E-Sense. All these companies are operational in South Africa, except for Valkyrie Blend that is based in Egypt. The estimated revenue for Twisp and Digicig is $15 million and $1 million, respectively.
In order to determine the revenue for the identified vaping companies, we started by exploring all company assets such as websites and social media profiles to see if these companies stated any information on their revenues or data points that we could use for a triangulation. None of these assets proved useful in this regard.
Our next strategy was to use government agencies to determine if these companies have filed or are required to file documents that detail their financial position. In examining these companies, we found that they were all private companies. According to the Companies and Intellectual Property Commission in South Africa, only "public and state-owned companies must file a copy of the latest approved Audited Financial Statements." As such, these private vaping companies are not required to provide any financial data about their operations to the public.
Our next strategy was to consult business directories such as Owler, Hoovers, and Oxyleads, as company profiles on these directories typically include revenue estimates. This approach proved useful as we were able to identify the revenue for Twisp and Digicig. While E-Sense (Vape Culture Pty Ltd) had a profile on Hoovers, the profile does not include its estimated revenue.
We also conducted a press search on each company, on the premise that news reports, press releases, and interviews can provide insight into how a company is doing financially. Regrettably, sources we found did not provide any tangible financial insights on any of the companies, although we did find that Brith American Tobacco South Africa has acquired Twisp.
As noted above, the most plausible reason for the lack of revenue data is the fact that these companies are private companies that are not required to release their financial data. In lieu of this, we have reported revenue for only Twisp and Digicig.
Revenue: $15 million
2. Valkyrie Blend
Country of Operation: Egypt
3. Wiener Vape Co.
4. Five Points
5, Digicig South Africa
Revenue: $1 million