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Altria Analysts Dissect Q3 Print, Juul Writedown
Friday, November 1, 2019 - 3:17pm | 443Read More...Tobacco company Altria Group Inc (NYSE: MO)'s third-quarter print was viewed favorably by at least two Street analysts. The Analysts Bank of America Merrill Lynch analyst Lisa Lewandowski maintained a Buy rating on Altria with a $54 price target. Deutsche Bank analyst Steve Powers...
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Altria Takes $4.5B Writedown On Juul Investment
Thursday, October 31, 2019 - 11:06am | 390Read More...Cigarette and tobacco company Altria Group Inc (NYSE: MO) said in conjunction with its third-quarter report that it took a $4.5-billion pretax charge against its earnings from its investment in e-cigarette maker Juul. What Happened Altria said in its earnings release that a decision to...
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Altria Group Reports Q3 Earnings Beat, Reaffirms Guidance
Thursday, October 31, 2019 - 7:40am | 353Read More...Altria Group Inc (NYSE: MO) reported third-quarter earnings of $1.19 per share on Thursday, beating the analyst consensus estimate of $1.15. The tobacco company reported quarterly sales of $5.412 billion, topping the analyst consensus estimate of $5.34 billion. Altria...
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Juul, Facing Regulatory Crackdown, To Lay Off 500
Tuesday, October 29, 2019 - 10:20am | 482Read More...Juul Labs Inc. will reportedly about 500 employees by January in anticipation of damaging regulatory developments. The layoffs could reduce the e-cigarette maker's workforce by 10% to 15%, The Wall Street Journal reported Monday. The move is a sharp reversal of a rapid...
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Ex-FDA Chief: Juul Created Teen Vaping Epidemic
Wednesday, September 25, 2019 - 12:13pm | 583Read More...Just minutes after vaping company Juul announced Wednesday that its CEO Kevin Burns will step down, former FDA Commissioner Dr. Scott Gottlieb told CNBC the company was responsible for "creating this teen epidemic" of widespread vape usage. What Happened Juul will replace Burns with...
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Dan Bilzerian's Ignite International Sees Surge In Trading Volume
Wednesday, September 25, 2019 - 10:00am | 365Read More...Ignite International Brands Ltd (OTC: BILZF) traded as high as $4 on Tuesday before ending the day at $1.66 on higher-than-usual trading volume. What Happened Ignite was co-founded by the so-called "King of Instagram," Dan Bilzerian. Ignite sells CBD oil and vape products as...
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Canopy Growth CEO Talks Leadership Concerns, Vaping, Beverages, Acreage Deal
Tuesday, September 24, 2019 - 10:46am | 589Read More...Canopy Growth Corp (NYSE: CGC) is larger than any one CEO, as it boasts thousands of employees across five continents and a strong portfolio of intellectual property, outgoing CEO Mark Zekulin told CNBC's Jim Cramer. Leadership Talks The Canadian cannabis company fired co-CEO Bruce Linton...
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Vape Sales Decrease In Response To Health Crisis
Monday, September 23, 2019 - 9:51am | 317Read More...Analysis of dispensary sales data from Jane Technologies, Inc., reveals that the recent vaping issue has had broad but varied impacts on retail sales. Vapes' market share has declined an average of 15%, with medical-use states (and Oregon, where a victim was linked to legal products), and...
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Cronos CEO Talks Vaping With Cramer
Thursday, September 19, 2019 - 12:46pm | 450Read More...Cannabis company Cronos Group Inc (NASDAQ: CRON) plans on launching vaping devices in Canada with a focus on safety, quality and proper ingredients, company founder and CEO Mike Gorenstein told CNBC's Jim Cramer. What Happened Cronos opened a cannabinoid device R&D facility in Israel...
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The Latest On Juul: Congress Threatens Subpoena; China, India Halt Sales
Wednesday, September 18, 2019 - 4:15pm | 471Read More...E-cigarette maker Juul, partly owned by tobacco company Altria Group Inc (NYSE: MO), was notified by a U.S. House panel Wednesday that it is not cooperating with a congressional probe and may face a subpoena, CNBC reported. What Happened In The US A House subcommittee responsible for overseeing...
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Bruce Linton On Vaping Regulations That Could Be 'Better For Public Safety'
Tuesday, September 17, 2019 - 11:36am | 475Read More...A seventh person has died in the U.S. from what appears to vaping-related causes — but a growing regulatory pushback could have the opposite effect of helping consumers, according to ex-Canopy Growth Corp (NYSE: CGC) CEO Bruce Linton. What Happened If state or federal authorities start...
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FDA Warns Juul On Marketing To Youth
Monday, September 9, 2019 - 11:30am | 405Read More...The Food and Drug Administration released a statement Monday that warns Altria Group Inc (NYSE: MO)'s Juul Labs for marketing unauthorized modified risk tobacco products — including to youth. Regardless of where products like e-cigarettes fall on the tobacco product...
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FDA Issues Guidelines for E-Cig Makers Seeking Approval Of Vape Devices
Tuesday, June 11, 2019 - 2:55pm | 517Read More...The Food and Drug Administration released new guidelines Tuesday for manufacturers seeking approval to continue selling e-cigarettes, or vaping devices, and the liquids used in the devices to deliver nicotine. What Happened Under FDA regulation of e-cigarettes that began in 2016,...
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Cronos Group Opens Cannabinoid Device R&D Center In Israel
Tuesday, May 7, 2019 - 4:08pm | 289Read More...Cronos Group Inc (NASDAQ: CRON) said Tuesday that it's expanding its research and development program by opening a facility in Israel that will be focused on cannabinoid devices. What Happened Cronos Device Labs, the company's new R&D facility, is intended to support Cronos...
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FDA Moves Up New E-Cigarette, Cigar Regulations
Wednesday, March 13, 2019 - 12:33pm | 419Read More...In an ongoing effort to better protect minors from risks posed by combustible inhalant products, the FDA announced Wednesday that it is looking to end the compliance policies that currently apply to flavored e-cigarettes and cigars. Why It’s Important The FDA said it's advancing a vision...
















