Tag: e-cigarettes

Altria acquires Green Smoke

Altria acquires Green Smoke

| February 3, 2014

Altria Group’s NuMark subsidiary has acquired the e-vapor business Green Smoke for $110 million in cash plus up to $20 million in incentive payments, reports Wells Fargo Securities. Posting $40 million revenue in 2013, the majority of Green Smoke’s sales are online in the U.S. The company’s retail sales in convenience stores were $3.9 million […]

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PMI and Altria to cooperate on e-cigs

PMI and Altria to cooperate on e-cigs

| December 22, 2013

Philip Morris International and Altria Group have established a strategic framework to commercialize reduced-risk products and e-cigarettes. Under the terms of a set of licensing, supply and cooperation agreements, Altria will make available its e-cigarette products exclusively to PMI for commercialization outside the United States and PMI will make available two of its candidate reduced-risk […]

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Imperial to buy Dragonite’s e-cigarette business

Imperial to buy Dragonite’s e-cigarette business

| September 5, 2013

Imperial Tobacco Group (ITG) will buy Dragonite International’s e-cigarette business for $75 million, reports Bloomberg Businessweek. The acquisition depends on the approval of Dragonite shareholders. Simon Evans, spokesman for Imperial, said the acquisition is not related to ITG’s August announcement that it was on track to introduce its own alternative nicotine products in 2014 through […]

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Morgan Stanley shares thoughts on e-cigs

Morgan Stanley shares thoughts on e-cigs

| August 16, 2013

In a report summarizing “key thoughts” on e-cigarettes, financial services provider Morgan Stanley acknowledges it has been surprised by the success of e-cigarettes, given the commercial failures of other innovative products such as Accord and Eclipse and the slower-than-envisioned development of tobacco segments such as snus and dissolvables. E-cigarettes have already achieved volume equivalent to […]

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Goldman Sachs “bullish” on e-cigs

Goldman Sachs “bullish” on e-cigs

| August 9, 2013

Goldman Sachs analysts said Aug. 7 that they remain bullish on category growth prospects for e-cigarettes, which “have the potential to transform the tobacco industry.” However, they noted that not all tobacco companies would benefit equally, as e-cigarette growth could simultaneously accelerate the decline in conventional cigarettes. E-cigarettes currently account for less than 1 percent […]

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“E-cig no more risky than smokeless”

“E-cig no more risky than smokeless”

| August 9, 2013

A study funded by The Consumer Advocates for Smokefree Alternatives suggests that e-cigarettes are no more risky than other smoke-free tobacco and nicotine products. After reviewing more than 9,000 “observations” about the chemistry of e-cigarette vapor and e-liquids, Igor Burstyn of the Drexel University School of Public Health found “no evidence that vaping produces inhalable […]

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Coresta e-cigarette task force to present first report

Coresta e-cigarette task force to present first report

| July 21, 2013

Coresta’s new e-cigarette task force will present its first report during the organization’s Smoke Science and Product Technology meeting in Seville, Spain, Sept. 29-Oct. 3, 2013. Although e-cigarettes do not contain tobacco, Coresta members in November agreed to establish a task force dedicated to this new product category. The interest in e-cigarettes has been growing […]

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Ex-Facebook president invests in e-cigarettes

Ex-Facebook president invests in e-cigarettes

| June 10, 2013

A group including Silicon Valley entrepreneur Sean Parker is investing $75 million is NJOY, a leading manufacturer of e-cigarettes, reports The Wall Street Journal. Parker co-founded the music-sharing site Napster, was the first president of Facebook and has been a big donor to cancer research. NJOY accounted for 35.6 percent of the U.S. cigarette market […]

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Digital e-cigarette a game changer

Digital e-cigarette a game changer

| June 7, 2013

R.J. Reynolds Vapor Co., a subsidiary of Reynolds American, is bringing its Vuse Digital Vapor Cigarette to retail outlets throughout Colorado, USA. “This is a game-changing product in the e-cigarette category,” says Stephanie Cordisco, president of RJRV. “There is strong awareness of the category among adult smokers and many are trying e-cigarettes, but few adult […]

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Pop star invests in NJOY

Pop star invests in NJOY

| May 31, 2013

Music star and 13-time Grammy Award nominee Bruno Mars has joined NJOY as an investor. While the terms of the investment were not disclosed, Mars stated that he often uses NJOY’s King product in place of traditional cigarettes and is convinced that it is a revolutionary alternative to cigarettes. “I’ve been using NJOY Kings instead […]

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E-cigarette firm FIN appoints sales VP

E-cigarette firm FIN appoints sales VP

| May 14, 2013

The e-cigarette company, FIN Branding Group, has appointed Rick Torgalski as vice president of sales, a role in which he will be responsible for “leading, developing, and growing” the company’s national sales, distribution and promotional efforts. Before joining FIN, Torgalski served as director of convenience channels at Hostess Brands. And prior to that he spent […]

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RAI expanding e-cig operations

RAI expanding e-cig operations

| May 10, 2013

Reynolds American Inc.’s experiment with making e-cigarettes is about to move to a larger distribution scale, the company said Thursday at its annual shareholders meeting. The company provided several strategic updates during formal remarks by Daan Delen, its CEO and president, and during a question-and-answer session that wasn’t consumed by farm-worker issues, according to the website […]

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E-cigarette firm appoints supply-chain VP

E-cigarette firm appoints supply-chain VP

| May 10, 2013

The e-cigarette company FIN Branding Group has appointed Joe Cipolla as its vice president of its supply chain. The company said that Cipolla would oversee the “end-to-end supply chain with responsibility for procurement through distribution and warehousing, and maintain relationships with FIN’s internal partners and vendors.” Before joining FIN, Cipolla served as the senior director […]

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New president for Lorillard’s blu eCigs

New president for Lorillard’s blu eCigs

| May 10, 2013

The e-cigarette company, blu eCigs, acquired by Lorillard last year, has appointed Jim Raporte as its new president. The company said that, with more than 30 years of experience across tobacco, food and business services industries, Raporte was set to lead blu eCigs’ “functional operations” and help drive its transition from an emerging startup to […]

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Imperial latest to hop aboard e-cig train

Imperial latest to hop aboard e-cig train

| April 30, 2013

Imperial Tobacco, the world’s fourth-largest cigarette group by market share, said it had set up a venture to develop e-cigarettes, as it battles an increasingly tough consumer environment in Europe. The company said Fontem Ventures would look into areas such as e-vapor cigarettes, according to a story published by Reuters. “We’re looking at opportunities and […]

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Altria plans e-cig sales, Marlboro demand falls

Altria plans e-cig sales, Marlboro demand falls

| April 25, 2013

Altria Group, the largest seller of tobacco in the U.S., plans to introduce an e-cigarette this year, chasing smaller rivals as demand for traditional smokes declines. The e-cigarette will be sold in an undisclosed market starting in the second half of 2013, Richmond, Virginia-based Altria said today in a statement. The company declined to provide […]

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