Very curious how they got to the valuation of JUUL? I know quite a few people who vape, never seen this product. Guess would be that Altria is banking on lobbying efforts to ban non FDA approved vaping liquids and devices, and then getting JUUL approved.
Not from where l am posted on the bleacher; the co-founder(s) are billionaires now?!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marlboro maker Altria takes 35% stake in e-cigarette company JUULMarlboro producer Altria took a 35% stake in JUUL, investing $12.8 billion in the e-cigarette maker. MadMoneyOnCNBC's Jim Cramer weighs in: MadMoneyOnCNBC Wait...big tobacco invested in e cigs? MadMoneyOnCNBC Are those e-cig IOT enabled?
Source: CNBC - 🏆 12. / 72 Read more »
Altria board approves $13 billion investment in e-cigarette company JuulAltria's board of directors has approved a $12.8 billion investment for a 35 percent stake in Juul that will value the e-cigarette company at $38 billion, people familiar with the matter told CNBC. Terrible - unless you like marketing to teenagers - oh wait... I hope all those Altria Board members kids get 6 weeks of detention in high school using this poison! That’s what high schools are doing! Boom for $CRON!
Source: CNBC - 🏆 12. / 72 Read more »
The maker of Marlboro cigarettes is making a $12.8 billion bet on JuulJuul has received a $12.8 billion investment from Altria, the maker of Marlboro cigarettes. LianeHilton convinced the addiction factor to e juice is not equal to cigs, not even close. That makes wonder what else is in cigs
Source: BusinessInsider - 🏆 729. / 51 Read more »