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After the U.S. Food and Drug Administration moved to remove the vaping company from the U.S. market, Altria reduced the value of its investment in Juul Labs by about 70%, to $1.3 billion. Altria’s stake, originally acquired for $12.8 billion in 2018, is n
Kaival Brands Innovations Group (KBI) announced the launch of Philip Morris International’s Veeba disposable vape in Canada. In June, Kaival and PMI signed an agreement to develop and distribute vaping products in markets outside the United States. The co
On July 13, the U.S. Food and Drug Administration issued its first warning letters to manufacturers for illegally selling non-tobacco nicotine e-liquid products without authorization. In March, President Joe Biden signed a spending bill granting the FDA a
The U.S. Food and Drug Administration has received more than 110,000 comments on its proposed rule to end menthol cigarette sales, as well as nearly 60,000 comments on its proposed ban on flavored cigars. Many respondents opposed the ban, including busine
Geekvape shared its expertise in computational fluid dynamics (CFD) at the 14th International Conference on Computer Modeling and Simulation, hosted by Chongqing University of Posts and Telecommunications from June 24 to 26. Geekvape uses CFD to optimize
According to the website of China’s State Tobacco Monopoly Administration, the latest batch of approved tobacco monopoly production license brands has been released. Based on the public notice, the newest list includes MOTI, Snowplus, XO, Bould and MUSE.
Panamanian President Laurentino Cortizo has signed legislation banning the sale of vaping products. The country had already banned e-cigarette sales by executive decree in 2014. The new law not only prohibits the sale and import of vaping products, but al
According to The Business Standard, Bangladesh’s Ministry of Health and Family Welfare wants to amend the country’s tobacco law to ban e-cigarettes and oral nicotine snuff. The proposal also includes new restrictions on combustible tobacco products. Healt
According to The Motley Fool, the removal of Juul products from shelves will hand the U.S. market to British American Tobacco. Partly owned by Altria Group, Juul had long been the undisputed leader in vaping, holding nearly 80 percent market share at the
Swedish billionaire Erik Selin has invested SEK 4.4 million ($434,247) in Swedish nicotine pouch innovator Sting Free. He thereby becomes the company’s second-largest shareholder. The company is currently valued at just under SEK 31 million. Other shareho
The U.S. Food and Drug Administration confirmed what many had expected: Juul Labs must remove all currently marketed Juul products from the U.S. market. Today’s action marks further progress in the FDA’s commitment to ensuring that all e-cigarette and ele
According to Pandaily, vaping manufacturer Flow will stop producing non-tobacco-flavored e-liquid cartridges for the Chinese market in order to comply with new regulations. In November 2021, the Chinese government granted the State Tobacco Monopoly Admini