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User Info Damn You All To Hell Gov't: Vapes; entered at 2019-09-16 13:00:44
Posts: 1790
Registered: 2013-02-13 Seagrove Beach
Altria Buys 35 Percent Stake In E-Cigarette Maker Juul
The move allows Altria, which is the parent company of Philip Morris, to hedge its bets on the future of nicotine, as cigarette smoking declines in the U.S.

"Today, we have been joined by an unlikely and seemingly counterintuitive investor in our journey," Juul Labs CEO Kevin Burns said in a press release that seemed crafted to address a tide of criticism.

"We understand the controversy and skepticism that comes with an affiliation and partnership with the largest tobacco company in the US," Burns wrote. "We were skeptical as well. But over the course of the last several months we were convinced by actions, not words, that in fact this partnership could help accelerate our success switching adult smokers."
2019-09-16 13:00:44