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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The embattled company has been strained by lawsuits and investigations over its role in getting teenagers hooked onto nicotine.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines