Tag Archives: Juul Labs

Tobacco Giant Altria Takes $13 Billion Stake In Juul Labs

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 …

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Vaping Giant Juul Labs To Suspend Most Retail Sales

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 …

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Vape Crackdown: FDA To Ban Flavored E-Cigarettes

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 …

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FDA Raids Headquarters Of Vaping Giant Juul Labs

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 …

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