Turning Point Brands, Inc.

Turning Point Brands, Inc. is a manufacturer, marketer, and distributor of branded consumer products, primarily competing in the alternative smoking accessories and Other Tobacco Products (OTP) industries. The company sells staple products to adult consumers, featuring its Zig-Zag® and Stoker's® brands. The alternative smoking accessories market is experiencing growth driven by cannabinoid legalization in the U.S. and Canada, and evolving consumer perception in North America. The OTP industry, comprising non-cigarette tobacco products, showed steady consumer unit annualized volumes during the full year period ended 2025, as reported by Management Science Associates, Inc. The company operates through two main segments. The Zig-Zag products segment is led by the Zig-Zag® brand. The Stoker's products segment includes the Stoker's®, FRE®, Beech-Nut®, and Trophy® brands. Turning Point Brands uses its cash flow to invest in its business, introduce new product lines, finance acquisitions, increase brand support, expand distribution infrastructure, and strengthen its capital position. The company currently ships to approximately 900 distributors, with an additional 600 secondary, indirect wholesalers in the U.S. that carry and sell its products. As of December 31, 2025, its products were available in approximately 220,000 retail locations in North America. The sales team targets widespread distribution to traditional retail channels, including convenience stores, and the company also has a growing e-commerce business.