|Bid||41.28 x 800|
|Ask||41.30 x 1400|
|Day's Range||40.82 - 41.38|
|52 Week Range||40.82 - 66.04|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||12.29|
|Earnings Date||Oct 31, 2019|
|Forward Dividend & Yield||3.36 (8.11%)|
|1y Target Est||54.71|
Sep.06 -- Sudden, serious lung illnesses that have struck people who used vaping devices have been tied in many cases to products that contain THC, the main active ingredient in marijuana, the U.S. Centers for Disease Control and Prevention said. Bloomberg's Craig Giammona has more on "Bloomberg Technology."
Vaping is a growing trend among youngsters, but Trump's recent threat to ban flavored e-cigarettes raises questions. Will traditional cigarette get back its lost glory?
The Trump administration is moving to ban flavored e-cigarettes, but one lawmaker says Trump has not acted quickly enough to combat the risks posed by vaping.
Investing.com – President Donald Trump said Wednesday he was looking into banning all non-tobacco flavored vaping products from the market. He made the comment to reporters at the White House.
Despite growing sales and wider legalization, many pot stocks have been insanely volatile as Wall Street and investors try to wrap their heads around the marijuana industry. So should you think about buying "cheap" Aurora Cannabis (ACB) Stock before Q4 earnings?
(Bloomberg) -- Juul Labs Inc. was warned by U.S. health officials that it may have violated the law by making claims its e-cigarette devices are safe. The letter increases pressure on the richly valued company at the same time a mysterious lung ailment is raising new questions about the health effects of vaping.The Food and Drug Administration sent Juul a warning letter on Monday that said the agency had determined that the company has marketed its products as less risky than cigarettes without gaining the agency’s approval. Juul has pitched its sleek, USB-like vaping device as a way for adults to quit smoking -- though the FDA said that the company also targeted students.The reprimand could foreshadow a tough road for Juul’s efforts to gain FDA clearance to continue selling its products, which all e-cigarette makers must do starting next year. The industry is under mounting scrutiny due to a surge in teenage vaping and recent deaths that public-health officials have connected to inhaling vapor from e-cigarettes.The FDA also sent Juul a letter requesting documents related to the company’s advertising and promotional efforts, given that its vape devices “continue to represent a significant proportion of the overall use” of e-cigarettes by children. Juul halted much of its social-media marketing last year after criticism that its stylish ads on Instagram and other apps targeted younger users.“Juul has ignored the law, and, very concerningly, has made some of these statements in school to our nation’s youth,” said Acting FDA Commissioner Ned Sharpless.“We are reviewing the letters and will fully cooperate,” Ted Kwong, a Juul spokesman, said.Nationwide ProbesFederal and state health officials are investigating a number of mysterious deaths from illnesses that have been connected to use of vaping devices. The Centers for Disease Control and Prevention said on Friday it was investigating 450 cases of the ailment nationwide. Five people have died from the illness, the CDC says.In addition, the FDA has been looking into whether e-cigarettes are linked to seizures after receiving initial reports from Juul users. The investigation has widened into 127 reports of seizures linked to various types of e-cigarettes.Representative Raja Krishnamoorthi, an Illinois Democrat, wrote Sharpless last week urging the agency to look into the claims Juul has made, including some before his House Oversight and Reform subcommittee. During a subcommittee hearing in July, Krishnamoorthi’s staff revealed that a Juul representative had told students that the company’s device “was much safer than cigarettes” and called the products “totally safe.” The FDA highlighted those statements Monday.The FDA told Juul that parts of its “Make the Switch” marketing campaign that encourages smokers to use its device convey that they’re safer than cigarettes. The agency asked Juul for any consumer-perception studies related to whether Juul’s representation implies the products are smoking-cessation devices. The FDA hasn’t approved any of the company’s products as smoking-cessation tools.Last week, Juul spokesman Ted Kwong disputed that the marketing was violating FDA rules.“Switching is not another word for cessation,” Kwong said. “They mean two very different things. Switching involves continuing to consume nicotine but from a different device, while cessation is about getting users to eliminate their nicotine consumption altogether. We are a switching product.”Juul is one of the most highly valued private companies in the U.S. Last year, the maker of Marlboro cigarettes, Altria Group Inc., invested nearly $13 billion in Juul, giving it a valuation at the time of roughly $35 billion. Altria shares were little-changed in New York trading Monday, trading at $43.89 at 11:36 a.m.(Updates with Juul comment in sixth paragraph.)To contact the reporter on this story: Anna Edney in Washington at email@example.comTo contact the editors responsible for this story: Drew Armstrong at firstname.lastname@example.org, Timothy Annett, Rick SchineFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Federal agencies have announced that at least three deaths have been linked to vaping, as well as 450 possible severe lung illness in 33 states. Epidemic With the increased popularity of the electronic cigarettes is coming increasing signs of its harmful effects, as the Indiana Department of Health announced today the third death from lung illnesses linked to vaping. The first case of the illness was reported in Illinois back in April. Scare At first, the lung illnesses seemed limited to a few cases, but this summer it has developed into a widespread public health crisis, as teenagers and young adults that were otherwise in normal health would enter emergency rooms with shortness of breath and flu symptoms, requiring them to immediately be placed on ventilators. The New York Times noted that “public health officials have underscored one fundamental point: that the surge in illnesses is a new phenomenon and not merely a recognition of a syndrome that may have been developing for years.” Control The Center for Disease Control is currently investigating why vaping seems to be so harmful. There’s the well-reported fact that vaping often allows the user, especially if they’ve tampered with the e-cigarette device or purchased one off the street, to consume far more nicotine in a setting than they would from smoking a cigarette. But beyond that, the CDC believes that a chemical commonly found in vaping fluid could be responsible for the lung illnesses. Dr. David C. Christiani wrote in an editorial in the New England Journal of Medicine that the fluid contains “at least six groups of potentially toxic compounds.” While the CDC continues it investigation, the federal agency has urged the public to stop vaping. Big Tobacco The popularity of vaping was a boon to the tobacco industry, which has seen the popularity of cigarettes decline precipitously over the past decade, and the industry gian Altira invested 35% in JUUL, by far the most popular e-cig brand. But while sales have been robust, this year has been filled with negative headlines and government investigations for the industry, including a Food and Drug Administration crackdown on e-cig sales, and states such as Connecticut and North Carolina looking into whether JUUL marketed itself to young people. With the news of the rise of illnesses and deaths related to vaping, don’t be surprised if government agencies take even further steps to curtail the product’s reach. -Michael Tedder Photo by Adobe
Cronos Group (CRON) reported its Q2 results last month. Despite better-than-expected sales, its Q2 losses widened and its stock has fallen 23% since then.