Juul also said it has obtained new financing from several investors to stay in business, including an effort challenging plans by the Food and Drug Administration to ban its products.
The backlash against teen vaping triggered a series of government actions that have forced the company into retreat. Since 2019, Juul has dropped all U.S. advertising and discontinued most of its flavors. Altria pulled its own e-cigarettes off the market in 2018 after taking a nearly $13 billion stake in Juul. But that investment has lost more than 95% of its value as Juul's prospects have dimmed, giving Altria the option to exit its non-compete agreement.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fossil fuel companies set to take centre stage at COP27Net Zero: One perhaps surprising presence at COP27, an international climate conference: Pathways Alliance, a group of Canada’s oilsands companies. 'There are definitely challenging conversations, but it’s all been friendly,' one of its leaders says. They are scared 💩 less of the future they know is coming EnvironmentalJustice
Source: iPoliticsCA - 🏆 36. / 63 Read more »