Tag Archives: Juul Labs

CNBC reports: Kevin Burns has resigned as Juul’s CEO and will be replaced by former Altria executive K.C. Crosthwaite, the e-cigarette company announced Wednesday. Altria invested $12.8 billion for a 35% stake in Juul late last year, placing a huge bet on the embattled vaping company. Tobacco giant Altria’s shares are down nearly 18% this year. The company on Wednesday …

CNBC reports: The Trump administration is preparing to ban flavored e-cigarettes as federal health officials call for restrictions to combat an outbreak of a mysterious lung disease that has sickened hundreds and killed at least six people, U.S. health secretary Alex Azar told reporters Wednesday. President Donald Trump held a policy meeting on the issue at the White House on …

TechCrunch report: After a long year fighting underage use of its products, Juul Labs has today struck a deal with Altria Group, the owners of Philip Morris USA and makers of Marlboro cigarettes. The deal values Juul at $38 billion, according to Bloomberg, and injects the company with a fresh $12.8 billion in exchange for a 35 percent stake in …

The New York Times reports: Facing mounting government pressure and a public backlash over the epidemic of teenage vaping, Juul Labs announced on Tuesday that it would stop selling most of its flavored e-cigarette pods in retail stores and would discontinue its social media promotions. The decision by the San Francisco-based company, which has more than 70 percent of the …

The Washington Post reports: The Food and Drug Administration, alarmed by a huge increase in vaping among minors, is expected to impose severe restrictions on the sale of most e-cigarettes products throughout the United States — actions that will likely have a significant impact on an industry that has grown exponentially in recent years with little government oversight. As soon …

Gizmodo reports: In its ongoing crusade against rad teens, the Food and Drug Administration announced Tuesday that it raided the headquarters of Juul Labs, which is under investigation for potentially marketing e-cigarettes to children. The “unannounced on-site inspection,” executed on Friday, resulted in the seizure of “thousands of pages of documents,” according to the FDA. The surprise inspection of Juul …