Japan, JTI Respond to Russian Seizure
The Japanese government formally protested to Moscow and demanded the immediate withdrawal of the measure.
Pyxus Announces Transaction Support Agreement
The company plans to offer up to $85 million in common stock at $2.50 per share, with certain creditors committing to backstop $80 million of the offering.
Weather Destroys More Than Half of Ecuador’s Tobacco Crop
One of Ecuador’s largest tobacco growers has told customers to expect only 25% to 35% of their orders.
Court Returns Control of Habanos S.A. to Chen Zhi
It ruled that liquidation orders covering more than 30 entities should be discharged because the AG failed to provide admissible evidence supporting the applications.
Pyxus Returns to Quarterly Profitability, EBITDA Reaches $43M
Sales and other operating revenues declined 6.3%, as leaf tobacco volumes sold fell to 77 million kilos amid shipment delays in Asia, Africa, and South America.
Putin Seizes Control of JTI’s Russian Operations
Moscow has increasingly used the measures against companies from countries it considers unfriendly because of sanctions imposed over the war in Ukraine.
Universal Reports Lower First-Half Fiscal 2027 Earnings
Universal Corp. reported second-quarter fiscal 2027 net income attributable to the company of $12.6 million, down 63% from $34.2 million a year earlier, as revenue
KT&G Reports Record Revenue, Forecasts $5.2B in Annual Sales
KT&G plans to expand cigarette sales into about 30 additional countries, increase premium sales of brands such as ESSE, and expand its direct overseas heated tobacco operations.
AIR Submits PMTA for Rechargeable Vape Platform
AIR said consumer research found strong interest among adult smokers, including stated intentions to use the product.
Godfrey Phillips India Profit Falls 37.7%
Quarterly expenses nearly tripled to $426.4 million, driven by increased excise duties and higher raw material costs.
BAT Kenya Study Finds $78M in Tax Losses from Illicits
Uganda was identified as the leading source of illicit cigarettes entering Kenya, followed by Tanzania and South Sudan.
Zimbabwe Tobacco Plantings Increase 28%
Rising input and capital costs also remain a challenge for smallholder farmers.
Missouri Retailer Launches Free Vape Tax Calculators
The tools cover multiple product categories, including disposable vapes, pods, e-liquids, devices, accessories, and nicotine pouches, and include links to state tax rules and sources.
Universal Appoints Gregory Friedman to Board
Universal Corp. appointed Gregory R. Friedman to its Board of Directors, effective Nov. 4.
Universal Declares Quarterly Dividend, Authorizes $100M Share Repurchase
Universal Corporation’s board of directors declared a quarterly dividend of $0.83 per share, payable Feb. 1, 2027, to shareholders of record Jan. 11.
PM Egypt Raises Prices for Second Time in 2026
The company said prices are displayed through QR codes on product packaging and urged retailers and distributors to comply with the updated list.
European Businesses Challenge Proposed Regulatory Review
The appeal reflects growing opposition across the European tobacco and nicotine supply chain to the proposed regulatory changes.
Curaleaf Maintains Aurora Takeover Bid After Organigram Proposal
Curaleaf maintains that its offer provides greater value, closing certainty, and anticipated synergies.
China Tobacco Reports No Share Changes
The company also confirmed that it met the applicable 25% public float requirement.
FDA Posts Additional Materials for 22nd Century MRTP Renewals
The original modified risk orders are valid for a fixed period, and renewal applications are required to continue marketing the products under MRTP authorization.
UK Pouch Sales Grow 57% in Convenience Stores
Although supermarkets account for most sales, convenience stores are the fastest-growing retail channel.
PouchSpot Maps Potential Impact of EU Pouch Tax Proposal
The company estimates that 10 countries would have to increase pouch taxes beginning in 2028 and 15 by 2032.
Organigram to Acquire Aurora Cannabis with BAT Support
BAT agreed to invest $133.1 million in Organigram through a private placement of 141 million shares, with proceeds helping finance the acquisition.
Maryland Court Rules Tobacco Companies Can’t Offset Litter Lawsuit
According to the AG, the ruling is the first to address whether the MSA covers local government claims against tobacco companies for environmental damage.
Turning Point Brands Declares Quarterly Dividend
Turning Point Brands declared a regular quarterly dividend of $0.08 per common share.
