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Report: Juul Could Open Its Own US Stores
Thursday, May 30, 2019 - 1:44pm | 256E-cigarette maker and vape company Juul Labs is exploring plans to open its own U.S. retail shops, according to The Wall Street Journal. Juul hasn't made a final decision on when and where it will open its own U.S. stores, which would only admit adults, but has hired staff for "potential...
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Altria's Juul Stake Will 'More Than Offset' Cigarette Declines, Wells Fargo Says
Friday, February 15, 2019 - 12:41pm | 390Altria Group Inc (NYSE: MO) has begun providing limited retail services to Juul Labs in accordance with the firms’ service agreements. The relationship’s got analysts hooked. The Rating Wells Fargo analyst Bonnie Herzog maintained an Outperform rating on Altria with a $65 price target....
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Disagreement On The Street Over Whether Juul Will Be Enough For Altria
Friday, February 1, 2019 - 1:34pm | 557Juul vaping cartridge sales were on fire this past year, giving Wells Fargo a buzzy feeling about Altria Group Inc. (NYSE: MO) following this week’s earnings report. But Morgan Stanley wasn’t convinced vaping will offset the continuing decline in traditional cigarettes. Altria ...
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Altria Smoked By Morgan Stanley Downgrade, Cites FDA Threats, Slowing Growth In Cigarette Business
Tuesday, January 22, 2019 - 3:54pm | 490A continuing societal shift away from traditional cigarettes, particularly among young people, is extinguishing enthusiasm for the maker of one of the most iconic tobacco brands, as Morgan Stanley downgraded Marlboro maker Altria Group Inc. (NYSE: MO). The bleak picture comes even as Altria tries...
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Analysts: Altria's Juul Stake A Good Hedge, But Lack Of Control Presents Risks
Friday, December 21, 2018 - 1:14pm | 880Altria Group Inc (NYSE: MO) announced a $12.8-billion minority stake in Juul Thursday. The stock has fallen since traders began digesting the deal, but many analysts maintain that the investment improves Altria’s positioning in a tough regulatory environment as consumer preferences shift....
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The Positives, Negatives Of Altria's $12.8-Billion Investment In Juul Labs
Thursday, December 20, 2018 - 11:44am | 519Cigarette maker Altria Group Inc (NYSE: MO) reached an agreement with vape company Juul Labs in which the Marlboro parent company bought a 35-percent stake in Juul for $12.8 billion. CNBC reported Thursday that the deal includes a $2-billion dividend payment from Altria to Juul employees...
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Hemper Raises $10M In Series A Financing: What You Need To Know
Friday, December 14, 2018 - 3:27pm | 453Earlier this week, cannabis accessories and lifestyle brand Hemper announced the closing of a $10-million Series A financing round that follows a $1-million seed round completed over the summer. The proceeds will be used to support growth and build out a national online cannabis...
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Altria's Reported Interest In Juul Wins Sell-Side Support
Thursday, November 29, 2018 - 12:46pm | 555Marlboro producer Altria Group Inc (NYSE: MO) is in talks to buy a large minority stake in leading e-cigarette start-up Juul Labs, according to a Wednesday Wall Street Journal report. Why It’s Important Experts lauded Altria’s diversification effort given the increasingly fragmented...
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E-Cigarette Maker Juul Labs Is Now Worth $15 Billion
Monday, November 5, 2018 - 2:49pm | 239Juul is a booming e-cigarette company thanks to its popularity with teens and young adults. Juul is currently valued at $15 billion after a recent funding round. The company's growth is meteoric. Juul's dollar share of e-cigarette sales soared to 53 percent from 16 percent at the...
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The Duel Over The JUUL: FDA Zeroes In On E-Cigarette Industry, Teen Use Concerns
Monday, September 24, 2018 - 4:40pm | 836The Food and Drug Administration is eyeing the creation of a regulatory framework for e-cigarettes, a product that government data shows is increasingly popular with teenagers — and tobacco stocks are reacting to the downside. The FDA started the largest-ever tobacco compliance...