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Altria confirms its exit from Juul investment…

Written by TobaccoIntelligence || 6th March 2023 || Alerts Array | Major brands | Geographies: North America United States

US – general: Altria has announced that it has exchanged its investment in Juul Labs for a non-exclusive global licence to certain of Juul’s heated tobacco intellectual property. Juul stated: “The return of Altria’s equity stake and termination of underlying agreements affords us full strategic freedom – we are no longer limited by the terms of those agreements to pursue other strategic opportunities » Continue Reading. ...

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