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Jul.31.2022

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China Tobacco Regulation Shift：Policy Updates and Market Impact

China Tobacco Regulation Shift：Policy Updates and Market Impact

EVO NXT European Tobacco & NGP Exhibition

EVO NXT European Tobacco & NGP Exhibition

VCU Signs Letter of Intent to Buy Altria Building for USD 150 Million, Pending State Approval

VCU Signs Letter of Intent to Buy Altria Building for USD 150 Million, Pending State Approval

Virginia Commonwealth University has signed a letter of intent to acquire Altria Group’s 450,000-square-foot building in downtown Richmond for USD 150 million, but the deal still depends on approval from the General Assembly. The university said the facility would support expansion of the Massey Comprehensive Cancer Center and help grow enrollment in its new School of Public Health and School of Pharmacy. VCU also said constructing a comparable facility would cost about USD 715 million.

Mar.13 by 2FIRSTS.ai

Japan to Raise Heated Tobacco Prices From April; BAT Japan Keeps Prices Unchanged for 38 glo Tobacco Stick Products

Japan to Raise Heated Tobacco Prices From April; BAT Japan Keeps Prices Unchanged for 38 glo Tobacco Stick Products

Japan will implement price increases centered on heated tobacco products from April 1, 2026, following a tobacco tax hike. BAT Japan has decided to keep current prices unchanged for 38 glo-compatible tobacco stick products across the Velo, neo, Lucky Strike, and Kent lines.

Mar.30 by 2FIRSTS.ai

Smoore International Q1 Results: Enterprise-Focused Business Up 48.6% Year-on-Year, Proprietary E-Vapor Brand Business Up 14.3%

Smoore International reported its Q1 financial results, with revenue for the period reaching RMB3.856 billion, up 41.7% year-on-year, and net profit (profit for the period) totaling RMB262.5 million, up 36.6% year-on-year. Revenue from its enterprise-focused business was RMB3.2674 billion, representing a 48.6% increase from RMB2.1989 billion in the same period last year. Revenue from its proprietary brand business was RMB588.6 million, up 12.6% from RMB522.6 million a year earlier.

Apr.10 by 2FIRSTS.ai

Revised Tobacco Business Act to Take Effect in South Korea, Banning Online Sales of Liquid Vapes

Revised Tobacco Business Act to Take Effect in South Korea, Banning Online Sales of Liquid Vapes

South Korea’s Ministry of Health and Welfare will implement a partial revision of the Tobacco Business Act on April 24. The scope will expand from products made with “tobacco leaves” to all products manufactured with natural or synthetic nicotine. Synthetic nicotine liquid e-cigarettes, which had previously been treated as industrial products and were freely sold and advertised online, will from April 24 be subject to the same regulations as ordinary tobacco products.

Apr.23 by 2FIRSTS.ai

FDA Wins Default Entry in Case Against E-Cigarette Distributor, to Seek Permanent Injunction

FDA Wins Default Entry in Case Against E-Cigarette Distributor, to Seek Permanent Injunction

The U.S. Food and Drug Administration (FDA) has made procedural progress in its lawsuit against North Carolina-based e-cigarette distributor Dream Distro LLC and its owner. A federal district judge granted the government’s request for entry of default after the defendants failed to respond to the complaint within 21 days of service. The government will next seek a default judgment, including a permanent injunction.

Apr.09 by 2FIRSTS.ai

Imperial Brands Expects Low-Single-Digit Tobacco and NGP Net Revenue Growth in H1

Imperial Brands Expects Low-Single-Digit Tobacco and NGP Net Revenue Growth in H1

Imperial Brands released a trading update on April 14, reiterating its FY26 guidance and saying its 2030 transformation has started positively. The company said it still expects low-single-digit tobacco net revenue growth, double-digit NGP net revenue growth, 3.00% to 5.00% growth in Group adjusted operating profit, at least high-single-digit earnings per share growth, and at least GBP 2.2 billion in free cash flow for the full year.

Apr.14 by 2FIRSTS.ai

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VCU Signs Letter of Intent to Buy Altria Building for USD 150 Million, Pending State Approval

VCU Signs Letter of Intent to Buy Altria Building for USD 150 Million, Pending State Approval

Japan to Raise Heated Tobacco Prices From April; BAT Japan Keeps Prices Unchanged for 38 glo Tobacco Stick Products

Japan to Raise Heated Tobacco Prices From April; BAT Japan Keeps Prices Unchanged for 38 glo Tobacco Stick Products

Smoore International Q1 Results: Enterprise-Focused Business Up 48.6% Year-on-Year, Proprietary E-Vapor Brand Business Up 14.3%

Revised Tobacco Business Act to Take Effect in South Korea, Banning Online Sales of Liquid Vapes

Revised Tobacco Business Act to Take Effect in South Korea, Banning Online Sales of Liquid Vapes

FDA Wins Default Entry in Case Against E-Cigarette Distributor, to Seek Permanent Injunction

FDA Wins Default Entry in Case Against E-Cigarette Distributor, to Seek Permanent Injunction

Imperial Brands Expects Low-Single-Digit Tobacco and NGP Net Revenue Growth in H1

Imperial Brands Expects Low-Single-Digit Tobacco and NGP Net Revenue Growth in H1