Altria Makes Investment in Vaping Company Juul

Altria Makes Investment in Vaping Company Juul

Tobacco company, Altria Group Inc., has agreed to a $12.8 billion investment for a 35% stake of the large vaping company, Juul Labs Inc. Altria will now be participating in the vaping industry only through Juul. Altria made the strategic move for the following reasons: Provides a significant stake in the largest and fastest growing […]