KT&G announced it will cancel all 10.9 million treasury shares it holds, valued at approximately 1.85 trillion won ($1.3 billion), with the burn scheduled for April 23. The decision, approved by the board, follows recent changes to Korea’s commercial law and is aimed at enhancing shareholder value.
The move aligns with the company’s broader capital return strategy, which also includes raising its annual dividend to 6,000 won ($4.08) per share.
The National Association of Convenience Stores (NACS) called on U.S. trade officials to address the surge of illicit e-cigarettes entering the country from China, warning that unauthorized products now account for an estimated 80% of the ENDS market. In a submission to the U.S. Trade Representative, NACS said these imports, which often lack FDA authorization, pose health risks, particularly to youth, while undermining compliant retailers and legitimate supply chains.
NACS is urging a coordinated government response, including enforceable commitments from China to restrict exports that violate U.S. regulations, improve product classification and oversight, and strengthen enforcement mechanisms. The group said curbing illicit flows is critical to protecting public health, ensuring fair competition, and safeguarding the economic viability of regulated businesses.
Altria Group, Inc. announced it will host a live audio webcast on April 30 at 9 a.m. EST to discuss its 2026 first-quarter business results, and plans to issue a press release containing its business results two hours earlier. The webcast can be accessed at altria.com.
During the webcast, Billy Gifford, Altria’s Chief Executive Officer, and Sal Mancuso, Altria’s Chief Financial Officer, will discuss the Company’s 2026 first-quarter business results and answer questions from the investment community and news media.
The webcast will be in a listen-only mode. Pre-event registration is necessary; directions are posted at www.altria.com/webcasts. An archived copy of the webcast will be available on altria.com.
Organigram Global and Sanity Group jointly announced the official closing of Organigram’s acquisition of the Germany-based cannabis company that was originally announced in February. Combining cash and shares as part of its international expansion strategy, the deal is valued at €107.3 million. The transaction was supported by €40.3 million in new financing from British American Tobacco and additional credit facilities, highlighting BAT’s continued backing of Organigram’s growth initiatives. The deal marks the final deployment of funds from the Jupiter strategic investment pool and strengthens Organigram’s position in the European cannabis market.
Altria increased prices across its portfolio earlier this week, including a roughly 20- to 25-cent per pack hike on Marlboro, 25 cents on Benson & Hedges, Merit, Parliament, and Virginia Slims, and a 20-cent increase on L&M cigarettes, according to a notice from Goldman Sachs. The company held pricing flat on its value-focused Basic brand. The price changes were the second increase this year, according to CSP.
Goldman Sachs Managing Director Bonnie Herzog said the increases were unsurprising and followed Altria’s “typical quarterly cadence,” but that the increases were sharper than predicted. “We believe Altria’s sophisticated and targeted pricing strategies, as well as promotional spending, should help to offset the frequency of list price increases, especially for price-sensitive consumers,” Herzog said.
Herzog also said she expected British American Tobacco to follow soon with a similar price increase on cigarettes, and that she would be watching to see whether deep-discount cigarette manufacturers also move on price. “If they don’t, the relative price gap could widen further,” Herzog was quoted by CSP, increasing the risk of downtrading, but Herzog said brands like Marlboro, with a loyal customer base, would likely be able to keep consumers within the franchise.
Scandinavian Tobacco Group shareholders approved the company’s 2025 annual report and a dividend of DKK 4.50 ($0.72) per share at its annual general meeting, while backing the remuneration report and board compensation for 2026. The AGM also saw the re-election of most board members, and the appointment of Lars Dahlgren, with Henrik Brandt confirmed as chairman. PricewaterhouseCoopers was reappointed as auditor, as the company maintains continuity of governance while returning value to shareholders.
Nicokick.com and zone nicotine pouches are expanding their motorsports partnership for the 2026 NASCAR Kansas race, using the platform to drive consumer engagement and product visibility. The campaign includes the exclusive launch of a new zone Cranberry pouch and a limited-edition flavor mix tied to driver Kyle Busch, alongside co-branded car livery and promotional activity. The collaboration highlights the growing role of e-commerce in the nicotine pouch category, with Nicokick positioning itself as a regulated, age-verified channel to reach adult consumers.
In Russia’s Nizhny Novgorod region, around 550 retailers voluntarily removed vapes and e-liquids from sale amid a broader crackdown on the category and expectations of a future nationwide ban. Regional authorities said the initiative follows a 2025 self-regulation program that encouraged businesses to exit the vape market, citing concerns over counterfeit products and weak regulatory oversight. Enforcement actions have also intensified, including store closures for violations, as officials signal a shift toward stricter controls and possible federal prohibition of vape sales in the near term.
British American Tobacco Chair Luc Jobin told shareholders at the company’s 2026 annual meeting that the group is making strong progress in its transformation toward a smokeless future, driven by growth in reduced-risk products and continued investment in innovation, science, and digital capabilities. He highlighted a more than 15% increase in smokeless product users in 2025 and reaffirmed confidence in BAT’s medium-term targets, including 3–5% revenue growth and 4–6% operating profit growth, despite regulatory challenges and market volatility.
“We enter 2026 with accelerating momentum, powered by a strengthened innovation pipeline, deep strategic partnerships, and growing confidence in our future-fit capabilities,” Jobin said. “This progress underpins our confidence in sustainably delivering our mid-term algorithm of [growth].”
Emphasizing harm reduction, Jobin called for evidence-based regulation to support alternatives to cigarettes and said the company remains well-positioned to deliver long-term value as it advances its strategy, despite a complex and volatile market.
“We have activated comprehensive Business Continuity Plans to mitigate potential disruption, and we are closely monitoring the situation in the Middle East as it evolves,” he said. “As of today, the conflict is not currently having a significant impact on the Group’s business.”
Philip Morris International Inc. announced it will host a live audio webcast on Wednesday, April 22, at 9 a.m. ET, to discuss its 2026 First-Quarter financial results, which will be issued approximately two hours earlier. The webcast can be accessed here.
The webcast will be hosted by Emmanuel Babeau, Group Chief Financial Officer, and will include discussion of PMI’s financial results and a Q&A session with the investment community.
The webcast may also be accessed on mobile devices by downloading PMI’s Investor Relations App at www.pmi.com/irapp. The webcast recording and the slides and script will be available here. The webcast will be in a listen-only mode, and a recording will be available for one year after the event.