Reynolds Tobacco Buys 12 Synthetic Nicotine Disposable Products for $5 Million

Apr.22.2025

BAT's RJ Reynolds Vapor Company acquires Charlie's Holdings' PACHA e-cigarette products and assets for $5 million.

Key points of interest:

Acquisition of synthetic e-cigarette products and related assets: American e-cigarette company Charlie's Holdings, Inc. sold 12 PACHA synthetic e-cigarette products and related assets for $5 million to RJ Reynolds Vapor Company, a subsidiary of British American Tobacco (BAT).

On April 16, 2025 (local time), American e-cigarette company Charlie's Holdings, Inc. (OTCPK: CHUC) submitted a Form 8-K report to the U.S. Securities and Exchange Commission (SEC).

A report shows that British American Tobacco (BAT) subsidiary, RJ Reynolds Vapor Company, has acquired 12 PACHA synthetic e-cigarette products and related assets from Charlie's Holdings. These assets are included in a pre-market tobacco product application (PMTA) that the company first submitted in 2022.

The acquisition price was $5 million, paid upon completion of the transaction.

In addition, if RJ Reynolds Vapor Company sells any related products within the first year after the commercialization of assets, they will also pay a maximum of $4.2 million in disposable payments.

References:

[1] Commission File Number: 001-32420

Also Read:

[1] BAT 2024 Results Summary: New Business Earnings Growth,Despite 5.2% Revenue Decline

[2] BAT's 500 million euros Investment Plan in Spain Faces Regulatory Restrictions

[3] BAT to halt sale of Vuse e-cigarette products in Japan

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