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Category: News This Week

  • Haypp Reports Q3 2025 Results Amid U.S. Expansion Investments

    Haypp Reports Q3 2025 Results Amid U.S. Expansion Investments

    Haypp reported Q3 2025 net sales of SEK 952.1 million ($95.2 million), an 0.8% increase, driven by strong performance in nicotine pouches, which accounted for 68% of total oral nicotine volume with like-for-like (LFL) volume growth of 21% (LFL excludes the impact of the ZYN shortage, U.S. state closures, and tobacco sales discontinuations.) Gross margin rose to 18.8%, while adjusted EBITDA reached SEK 53.0 million ($5.3 million) and adjusted EBIT was SEK 33.4 million ($3.3 million). Operating profit fell to SEK 6.2 million ($620,000) and net profit to SEK 4.5 million, reflecting a SEK 17.2 million ($1.7 million) litigation settlement.

    Key developments included the return of ZYN to the U.S. market, early indicators of strong sales, and continued growth in Swedish and German vaping and heated tobacco products, which now make up over 70% of Haypp’s Emerging segment. UK nicotine vaping and HnB sales will be discontinued in Q4 2025 pending regulatory clarity.

    “[The] U.S. return of Zyn, U.S. market developments and gross margin expansion strengthen our foundation for growth,” said Gavin O’Dowd, Haypp president and CEO. “The benefits of Zyn’s return will be realized in Q4 2025 with promising early indicators.”

    Haypp also completed most of its global e-commerce platform migration, improving infrastructure for agile growth. CEO Gavin O’Dowd emphasized that U.S. market developments, innovative product availability, and gross margin expansion are strengthening the company’s foundation for future growth.

  • Turning Point Reports Strong Q3 2025

    Turning Point Reports Strong Q3 2025

    Turning Point Brands, Inc. posted third-quarter 2025 net sales of $119.0 million, up 31.2% year-over-year, driven by Stoker’s segment growth of 80.8%. Gross profit rose 39.7% to $70.4 million, while net income increased 70.3% to $21.1 million, the company said today (November 5).

    The company highlighted Modern Oral sales of $36.7 million, up 628% from last year, with U.S. white pouch production lines expected to qualify in H1 2026. The Zig-Zag segment saw a 10.5% decline, mainly due to the Clipper business wind-down.

    TPB ended Q3 with $201.2 million in cash, total liquidity of $267.8 million, and net debt of $98.8 million. The company raised $97.5 million through its ATM offering to accelerate Modern Oral growth.

    For full-year 2025, TPB raised Adjusted EBITDA guidance to $115–120 million and Modern Oral sales forecast to $125–130 million.

  • Vaping Overtakes Smoking in UK

    Vaping Overtakes Smoking in UK

    For the first time, the number of adults in Britain who vape has surpassed those who smoke traditional cigarettes, according to new figures released by the Office for National Statistics (ONS) yesterday (November 4). The ONS reported that 10% of adults (around 5.4 million people) in Great Britain used e-cigarettes daily or occasionally in 2024, overtaking the 9.1% (4.9 million) who still smoke. Cigarette smoking has now fallen to its lowest level since records began in 2011.

    Public health specialist Professor John Ashton said “many people are vaping but haven’t stopped smoking.” He cautioned that the long-term effects of vaping remain unknown and that youth uptake is becoming a growing concern. While smoking rates among young adults (18–24) have plummeted from 25.7% in 2011 to 8.1% in 2024, vaping remains most common in the 16–24 age group at 13%.

  • Thailand’s Fast-Tracked Vape Ban Sparks Concerns

    Thailand’s Fast-Tracked Vape Ban Sparks Concerns

    Thailand’s Cabinet approved amendments to the Tobacco Products Control Act, targeting e-cigarettes, on October 28, four days after Queen Sirikit’s passing, raising concerns over rushed policymaking during the national mourning period. Anti-vaping groups proposed a total ban to the House of Senators, which accepted it with minimal scrutiny before forwarding it to the Cabinet, which then tasked the Ministry of Public Health with leading a sub-committee to develop solutions within one month.  

    “Rushing through a total ban during national mourning demonstrates either disorganization or deliberate predatory timing,” said Asa Saligupta, president of Ends Cigarette Smoking Thailand. “Entrusting the process to those with clear biases risks outcomes that sideline evidence.”​ 

    The Coalition of Asia Pacific Tobacco Harm Reduction Advocates (CAPHRA) warned that the ban ignores evidence-based approaches, risks driving adults to unregulated products, and overlooks safer alternatives like refillable devices and heat-not-burn options. Vaping users in Thailand have grown from 78,000 in 2021 to over 400,000 in 2024.

    CAPHRA urged policymakers to focus on regulated harm-reduction strategies, environmental considerations, and using taxes on legal vaping products to protect youth, rather than prioritizing strict FCTC compliance at the expense of adult public health.

  • PMI to Restructure Organization in 2026

    PMI to Restructure Organization in 2026

    Philip Morris International Inc. (PMI) further detailed its new organizational structure aimed at accelerating its transition to a smoke-free company. The changes establish two primary business units, PMI International and PMI U.S., along with its wellness unit, Aspeya, which will all report to CEO Jacek Olczak. The current four geographic segments will be replaced with three reportable segments: International Smoke-Free, International Combustibles, and U.S., with financial reporting under the new structure starting Q1 2026.

    First announced with its third-quarter financials, the changes will become effective January 1, 2026. Frederic de Wilde will serve as CEO of PMI International, and Stacey Kennedy will continue as CEO of PMI U.S.

    The restructuring reflects PMI’s focus on expanding smoke-free alternatives—which now account for 41% of the company’s net revenues—while maintaining growth in its combustibles business and exploring wellness and healthcare opportunities.

  • AIR Partners with Snoop Dogg for New Hookah Flavors

    AIR Partners with Snoop Dogg for New Hookah Flavors

    Global hookah company AIR Limited announced a collaboration with entrepreneur Snoop Dogg to launch a premium line of Al Fakher hookah flavors. The new collection includes “Cloud 92,” “Dogg’s Delight,” “Midnight Blues,” “Tha G’z Mix” and “Money Honey,” available internationally at hookah.com

    “The partnership blends Al Fakher’s expertise in hookah craftsmanship with Snoop Dogg’s cultural influence, offering premium ingredients and science-backed safety research,” the company said. AIR CEO Stuart Brazier highlighted the company’s commitment to innovation, noting $115 million invested since 2019 and over 100 active or pending patents.

  • Imperial Encourages Retailers to Respond to UK Nicotine Survey

    Imperial Encourages Retailers to Respond to UK Nicotine Survey

    Imperial Brands is urging UK retailers to contribute to the government’s call for evidence on the proposed retail licensing scheme for nicotine products in England, Wales, and Northern Ireland. The consultation, launched by the Department of Health and Social Care (DHSC), will close December 3.

    Andrew Malm, Imperial’s UK market manager, emphasized that the survey is a key opportunity for retailers to shape policy, ensure fair competition, and address challenges such as illicit sales and age verification compliance. The proposed licensing scheme aims to regulate the sale of tobacco and nicotine products, protecting both legitimate retailers and consumers.

    Retailers can participate by completing the online survey, providing their insights to influence the design and implementation of the new regulatory framework.

  • Former CSTMA Deputy Chief Indicted

    Former CSTMA Deputy Chief Indicted

    Today (November 4), Zhang Tianfeng, the former deputy chief of China’s State Tobacco Monopoly Administration, was indicted on charges of accepting bribes, according to the Supreme People’s Procuratorate. Zhang is accused of taking advantage of his various posts in the tobacco system to seek benefits for others, while illegally accepting significant amounts of money and gifts in return.

    The case has been filed by the People’s Procuratorate of Ganzhou City, East China’s Jiangxi province, to the city’s intermediate people’s court.

  • Drew Estate Names GRE German Distributor

    Drew Estate Names GRE German Distributor

    Drew Estate announced that, effective January 1, 2026, its cigars will be distributed in Germany by GRE Trade GmbH, part of Czech company DanCzek Teplice A.S. GRE Trade. GRE, led by Olaf Ruf, who previously managed Davidoff’s German operations, recently became the distributor of Gurkha cigars.

    Drew Estate, formerly distributed in Germany by Scandinavian Tobacco Group, said the partnership aligns with its focus on innovation and premium quality. CEO Glenn Wolfson expressed optimism about expanding the brand’s presence in the German market with GRE Trade.

  • Expert Urges Nigeria to Embrace THR for Health, Economy

    Expert Urges Nigeria to Embrace THR for Health, Economy

    Nigeria could become a hub for Tobacco Harm Reduction (THR) product development and export, supporting economic diversification and public health, says Professor Nnanyelugo Martin Ike‑Muonso of ValueFronteira Ltd., stressing that a balanced regulatory framework would protect minors, ensure product quality, and promote responsible marketing, unlocking both health and economic benefits for the country.

    In Nigeria, the 2015 Tobacco Control Act regulates traditional tobacco but does not cover alternative nicotine products, creating regulatory gaps that allow illicit trade and hinder public health progress. Ike‑Muonso argues that structured THR regulation could boost MSME entrepreneurship, generate tax revenue, and expand Nigeria’s non-oil industrial base, while aligning the country with global best practices.

    Ike‑Muonso points to global evidence that shows THR strategies have driven record declines in smoking rates in countries such as the UK, New Zealand, Japan, and Norway. Adult smoking in the UK dropped to 12.9% in 2022, while Norway’s daily smoking rate fell to 7% in 2023, largely due to regulated alternative nicotine products.