Altria Group
- Altria Group Inc, the maker of Marlboro cigarettes, agreed to acquire e-cigarette company NJOY for $2.75 billion.
Altria recently sold its stake in the troubled e-cigarettes maker Juul Labs, which was once valued at $13 billion in 2018 and the company's products are still facing several investigations from the Food & Drugs Administration.
The U.S. FDA has approved six of the NJOY's vaping products for sale, one of the few companies with the regulatory approvals to sell vaping products.
Mar 6, 2023
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