Embattled e-cigarette company Juul raises $700 million in debt, amid financial strain and regulatory pressure

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Embattled e-cigarette company Juul raises $700 million in debt, amid financial strain and regulatory pressure
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The embattled company has been strained by lawsuits and investigations over its role in getting teenagers hooked onto nicotine.

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A Juul spokesperson told Business Insider said that the company was committed to work with the government to combat underage use of vaping products and help adult smokers transition from using traditional cigarettes.

„As part of that process in the U.S., we are preparing comprehensive and scientifically rigorous Premarket Tobacco Product Applications, stopped the sale of flavored pods other than Tobacco and Menthol in November, halted our television, print and digital product advertising, implemented a $1 billion restructuring plan, refrained from lobbying the Administration on its draft flavor guidance and support the final policy,“ the spokesperson said.

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SAI any company selling addictive stuff and in the red is even more stupider than I am

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