Turning Point Brands, Inc.

Turning Point Brands, Inc. (the Company, we, our, or us ) is a leading manufacturer, marketer and distributor of branded consumer products. We sell a wide range of products to adult consumers consisting of staple products with our iconic brands Zig-Zag and Stoker’s . We primarily compete in the alternative smoking accessories and Other Tobacco Products ( OTP ) industries, among other markets. The alternative smoking accessories market is a dynamic market experiencing robust secular growth driven by cannabinoid legalization in the U.S. and Canada, and positively evolving consumer perception and acceptance in North America. The OTP industry, which consists of non-cigarette tobacco products, exhibited steady consumer unit annualized volumes during the full year period ended 2025 as reported by Management Science Associates, Inc. ( MSAi ) a third-party analytics and information company. Our segments are led by our core proprietary and iconic brands: Zig-Zag in the Zig-Zag products segment, and Stoker’s along with FRE , Beech-Nut and Trophy in the Stoker’s products segment. Our businesses generate meaningful cash flow which we use to further invest in our business, introduce new product lines, finance acquisitions, increase brand support, expand our distribution infrastructure, and strengthen our capital position. We currently ship to approximately 900 distributors with an additional 600 secondary, indirect wholesalers in the U.S. that carry and sell our products.