Juul

Altria Presents as Part of the Consumer Analyst Group of New York Conference; Reaffirms 2024 Full-Year Earnings Guidance

Retrieved on: 
Wednesday, February 21, 2024

Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Consumer Analyst Group of New York Conference in Boca Raton, Florida today.

Key Points: 
  • Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Consumer Analyst Group of New York Conference in Boca Raton, Florida today.
  • A copy of the business presentation, prepared remarks and a replay of the webcast will be available at www.altria.com .
  • We expect 2024 adjusted diluted EPS growth to be weighted to the second half of the year.
  • While the 2024 full-year adjusted diluted EPS guidance accounts for a range of scenarios, the external environment remains dynamic.

Schlesinger Law Offices, P.A. Fights for Teens Against the Manufactures of ZYN in Class Action Lawsuit

Retrieved on: 
Wednesday, March 6, 2024

Philip Morris International, the international distributor of Marlboro, the world's most popular cigarette, acquired ZYN in 2022.

Key Points: 
  • Philip Morris International, the international distributor of Marlboro, the world's most popular cigarette, acquired ZYN in 2022.
  • The lawsuit was filed in federal court in San Diego, CA.
  • ZYN, by far, dominates the market of oral nicotine pouches with around 70% market share.
  • The lawsuit claims ZYN provides users with enough nicotine to create and sustain addiction and is advertised to hook kids to ZYN while hiding the harms associated with its use.

Impossible Foods Continues to Expand, Evolve and Invest in People and Capabilities, Names New Chief Financial Officer and Chief People Officer

Retrieved on: 
Tuesday, January 23, 2024

Impossible Foods announced today the appointment of two world-class executives to its leadership team to help the company expand and evolve in a pivotal year for the plant-based industry.

Key Points: 
  • Impossible Foods announced today the appointment of two world-class executives to its leadership team to help the company expand and evolve in a pivotal year for the plant-based industry.
  • Veteran finance executive Elaine Paik joins Impossible as its new Chief Financial Officer to oversee all functions of the company’s Finance organization including financial planning and analysis, investor relations, controllership, tax, treasury, and M&A.
  • Paik has a demonstrated track record in the consumer products industry for driving financial performance, operational excellence, sound strategic planning, and enabling sustainable, profitable growth.
  • “They have invaluable expertise in growing a best-in-class organization, and also understand and appreciate our mission-driven approach to success.

Kaival Brands Commends Recent FDA Regulation Efforts

Retrieved on: 
Wednesday, August 30, 2023

GRANT-VALKARIA, Fla., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today provided an update on the efforts by the U.S. Food and Drug Administration (“FDA”) to address youth-access prevention, illegitimate, illicit products in the marketplace, and an update on recent announcements by the FDA regarding completion of certain Premarket Tobacco Product Applications (“PMTAs”) by December 2023.

Key Points: 
  • GRANT-VALKARIA, Fla., Aug. 30, 2023 (GLOBE NEWSWIRE) -- Kaival Brands Innovations Group, Inc. (NASDAQ: KAVL) ("Kaival Brands," the "Company," or "we"), the exclusive U.S. distributor of all products manufactured by Bidi Vapor, LLC ("Bidi Vapor"), which are intended for adults 21 and over, today provided an update on the efforts by the U.S. Food and Drug Administration (“FDA”) to address youth-access prevention, illegitimate, illicit products in the marketplace, and an update on recent announcements by the FDA regarding completion of certain Premarket Tobacco Product Applications (“PMTAs”) by December 2023.
  • Eric Mosser, Chief Executive Officer of Kaival Brands, stated, “We commend the recent enforcement efforts of the FDA to address the problem of illicit and illegal vaping products in the market right now.
  • The FDA anticipates action on:
    52% of covered PMTAs by March 31;
    53% of covered PMTAs by June 30;
    55% of covered PMTAs by Sept. 30;
    100% of covered PMTAs by Dec. 31.
  • Both the Company and Bidi Vapor have remained steadfastly committed to compliance and youth-access prevention.

Provi Appoints Patrik Schnell, Former Executive at Walmart, Salesforce, and Amazon, as Chief Technology Officer

Retrieved on: 
Wednesday, August 30, 2023

Provi , the largest online marketplace for the beverage alcohol industry, today announced the appointment of Patrik Schnell as its Chief Technology Officer.

Key Points: 
  • Provi , the largest online marketplace for the beverage alcohol industry, today announced the appointment of Patrik Schnell as its Chief Technology Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230830121220/en/
    Schnell’s global expertise and success in scaling business-to-business (B2B) services is a testament to his capabilities.
  • His recent role as an Officer and Vice President of Engineering at Walmart highlighted his experience with crafting and managing large-scale, dependable products and services.
  • As Chief Technology Officer, Schnell will directly report to Provi’s Founder and CEO, Taylor Katzman.

Altria Seeks Importation Ban of JUUL E-Vapor Products; Files Patent Infringement Actions Against JUUL Labs

Retrieved on: 
Tuesday, August 22, 2023

Altria Group, Inc. (NYSE: MO) today announces that its subsidiary, NJOY, has filed a complaint against JUUL Labs, Inc. (JUUL) with the U.S. International Trade Commission (ITC).

Key Points: 
  • Altria Group, Inc. (NYSE: MO) today announces that its subsidiary, NJOY, has filed a complaint against JUUL Labs, Inc. (JUUL) with the U.S. International Trade Commission (ITC).
  • The complaint seeks a ban on the importation and sale of certain JUUL e-vapor products, including its currently marketed JUUL device and JUULpods.
  • “Protecting our intellectual property is critical to achieving our Vision,” said Murray Garnick, Executive Vice President and General Counsel.
  • NJOY acquired the Asserted Patents from Fuma International, LLC (Fuma) concurrently with the settlement of a patent infringement lawsuit filed against us by Fuma.

Papa Names Jane Yu as Head of Trust and Safety, Remains Laser-Focused on Safely and Responsibly Growing its Platform

Retrieved on: 
Monday, August 21, 2023

MIAMI, Aug. 21, 2023 /PRNewswire/ -- Papa, a curated platform of companionship and support for older adults and families, announced today it has hired Jane Yu as its Head of Trust and Safety, to lead efforts to ensure continued security and safety among members and Papa Pals. Yu will report directly to Dani Bchara, Papa's COO and CFO, and partner cross-functionally with other Papa leaders and the Safety Advisory Board, which will be announced in the coming months. 

Key Points: 
  • This updated strategy was developed in collaboration with world-class trust and safety expert Robert Chesnut .
  • Yu also brings over a decade of experience in policy, business operations, and program management at Google and Samsung Electronics.
  • Her expertise in developing world-class safety programs and best practices will be invaluable for us," said Andrew Parker, Papa founder and CEO.
  • Yu has a personal passion for Papa's mission of providing sustainable care and support for older adults and their families.

Chobani Strengthens Executive Leadership Team, Appointing Tom Cullen as Chief Information Officer

Retrieved on: 
Monday, July 24, 2023

NEW BERLIN, N.Y., July 24, 2023 /PRNewswire/ -- Chobani, the modern food company originally known for its Greek yogurt, has named Tom Cullen Chief Information Officer.

Key Points: 
  • NEW BERLIN, N.Y., July 24, 2023 /PRNewswire/ -- Chobani, the modern food company originally known for its Greek yogurt, has named Tom Cullen Chief Information Officer.
  • Cullen, who will report to Kevin Burns, President and Chief Operations Officer, will be responsible for the design and execution of best-in-class information systems and technological capabilities to fuel innovation and efficient operations ensuring Chobani has a competitive edge in the market.
  • Tom Cullen added: "I am excited to join Chobani, a mission-driven brand and company I have long admired.
  • Prior to joining Chobani, Cullen served as Chief Information Officer at Corsair, a leading global developer and manufacturer of high-performance gaming and streaming gear, where he played a critical role leading their digital technology transformation strategy and journey.

Legal-Bay Pre-Settlement Funding Announces Updates to Ongoing JUUL Lawsuits

Retrieved on: 
Wednesday, May 24, 2023

SACRAMENTO, Calif., May 24, 2023 /PRNewswire/ -- Legal-Bay LLC, the premier Pre Settlement Funding Company, reports that JUUL Labs, Inc. has agreed to pay $40MM to the state of California due to allegations of deceptive marketing for their electronic cigarette product. Many of these lawsuits allege that JUUL's marketing tactics were specifically designed to appeal to young people via social media campaigns and influencer partnerships, utilizing flashy advertising and sweet flavors to present a product that would be attractive to minors, leading to nicotine addiction and other health-related concerns.

Key Points: 
  • Along with the $40MM payout, JUUL agreed to implement significant changes in their business practices, including restricting advertising to adults and improving age-verification procedures.
  • Chris Janish, CEO of Legal-Bay, commented, "The recent JUUL lawsuits and settlements highlight the need for greater regulation and oversight in the electronic cigarette industry.
  • After years of monitoring these cases, Legal-Bay stands at the forefront against companies like JUUL, and are proud to be the first funding company in the industry to fully open funding for these cases."
  • Their lawsuit funding programs are designed to provide immediate cash in advance of a plaintiff's anticipated monetary award.

Wagstaff & Cartmell Clients Resolve Major Litigation Against Tobacco Giant Altria Group

Retrieved on: 
Friday, May 12, 2023

Plaintiffs, including Wagstaff & Cartmell clients, previously settled in a confidential settlement with Juul Labs and five of its key directors and major investors.

Key Points: 
  • Plaintiffs, including Wagstaff & Cartmell clients, previously settled in a confidential settlement with Juul Labs and five of its key directors and major investors.
  • Wagstaff & Cartmell Founding Partner Tom Cartmell was lead trial counsel for SFUSD and was lead counsel for many other school districts and young people in this litigation.
  • Wagstaff & Cartmell was the first law firm in the United States to file lawsuits against JUUL Labs and Altria on behalf of school districts.
  • Wagstaff & Cartmell Partner Jon Kieffer, who also played a major role in the litigation, said, "We take great pride in this result.