Hints and tips:
...This commenced in 2020 and has yet to approve a single flavoured vape....
...Just as oil and gas companies are pushing into renewables and biofuels (not wildfire or flood mitigation), the group is trying to reinvent itself with less harmful alternatives to cigarettes, like vapes,...
...Last year, Njoy received approval from the US Food and Drug Administration to continue selling its tobacco-flavoured Ace pod-based vape brand and its Njoy Daily disposable vape product, as part of the regulator...
...Sandy concedes that not every new invention is societally valuable just because there is demand for them (eg disposable vapes), but argues that the resilience of the Vix complex indicates its worth....
...Juul’s fatal flaw was the popularity of its mint vapes with teenagers. Juul products therefore assumed the status as gateway drugs to cigarettes in the minds of some health officials....
...Russia has historically been a huge market for Big Tobacco because of high smoking rates and consumer willingness to switch to vapes and heated tobacco products....
...Japan Tobacco has also committed to launch Altria’s heated tobacco devices in an international market by 2025, and the two companies are planning to develop other smoke-free products, possibly including vapes...
...It has created 79 companies, ranging from a coffee producer, to a new airline, a waste-recycling business, a defence firm and even a vape business....
...Last year, Vuse Alto, a product made by rival RJ Reynolds, a subsidiary of British American Tobacco, overtook Juul as the US’s best-selling vape product....
...Per Bloomberg: Juul Labs Inc. is beginning talks regarding funding for a potential Chapter 11 bankruptcy, according to people with knowledge of the preparations....
...Best known for selling Marlboro outside the US, PMI has emerged as the most aggressive company in an industry that is scrambling to gain market share in so-called new-generation products, including vapes...
...PMI has been the most aggressive among traditional cigarette companies in its bid to gain market share in so-called new-generation products, including vapes and heated tobacco devices....
...Mentioned in this podcast: Tesla reports record profit but warns of constraints on supply chain Fed signals March rate rise as it fights rampant inflation China’s vape queen hit by Beijing investigation...
...the pigs, then the alpacas escort us back to the farmhouse, where Andrew is on the lawn fixing a mower, looking every inch the part: dark-green trousers, navy quilted jacket, tweed flat cap, puffing on a vape...
...Philip Morris accused organisations such as the Campaign for Tobacco-Free Kids of delaying the transition away from cigarettes by lobbying to prevent the sale of vapes and other alternatives....
...The London-listed maker of Lucky Strike cigarettes is initially focusing on CBD, a cannabinoid that does not leave users feeling stoned and which it hopes consumers will increasingly vape....
...Smoking a vape, he appeared to hold back tears at times as he spoke. Pace had its own trouble at home in 2017 because of “a panic” on the market for bills of exchange, a short-term debt instrument....
...Juul, the hip vape startup, appears responsible for the breakdown of the takeover talks it had prompted....
...Users themselves should be urged to avoid adding potentially dangerous chemicals to vapes. Yet banning vape sales, as San Francisco did in June, is excessive....
Tobacco is suddenly a growth industry
...UK LFL sales growth was +3.9% ex splits (+3.0% 3Q) and +2.6% inc splits (+1.4% 3Q). RoI LFL sales growth was -1.0% ex splits and -2.4% inc splits....
...“If you were really cynical about it, and you should be, you would say vapes are products targeted at smokers and non-smokers....
...The investment in Juul valued the maker of vape pens at about $38bn, marking it one of Altria’s largest bets in decades....
...TATE has done sterling work on rebuilding its balance sheet and cashflow in recent years, reflected in FY20E ND:EBITDA (inc. IFRS 16) of 0.9x & 1.8x FCF dividend cover....
...It has threatened to curb adults’ freedom to vape if companies such as Juul cannot keep ecigarettes away from under-18s....
International Edition