U.S. SEC probes Altria's investment in Juul: source

FILE PHOTO: Juul brand vape cartridges are pictured for sale at a shop in Atlanta, Georgia, U.S., September 26, 2019. REUTERS/Elijah Nouvelage/File Photo

The U.S. Securities and Exchange Commission is investigating whether the Marlboro maker adequately disclosed the risks to its shareholders when it spent $12.8 billion in 2018 for a 35% stake in the start-up, the Wall Street Journal reported earlier on Friday.

is the investment a defensive play by Altria to stymie competition for iQOS ?

Juul sales have practicly stopped where I work.

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SEC Investigates Altria’s Investment in JuulSecurities regulators have opened a probe related to Altria Group Inc.’s investment in controversial e-cigarette startup Juul Labs Inc., according to people familiar with the matter. This is a play to elevate tobacco corporation profits.
Source: WSJ - 🏆 98. / 63 Read more »

SEC Investigates Altria’s Investment in JuulSecurities regulators have opened a probe related to Altria Group Inc.’s investment in controversial e-cigarette startup Juul Labs Inc., according to people familiar with the matter. This is a play to elevate tobacco corporation profits.
Source: WSJ - 🏆 98. / 63 Read more »