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Category: Business & Finance

  • Pyxus Appoints Erdei as CHRO

    Pyxus Appoints Erdei as CHRO

    Pyxus International, Inc. announced that it appointed Joshua Erdei as senior vice president and chief human resources officer. Erdei, who has served as interim CHRO since January, has also led global total rewards, HR operations, and HR technology for the company since 2023. He brings more than 25 years of experience to the role, with prior leadership positions at Enviva, General Motors, DTE Energy, and Kellogg Company, focusing on total rewards, wellness, and employee engagement.

    “Joshua’s leadership, deep knowledge of our organization, and commitment to our people position him well to support our continued growth,” said President and CEO Pieter Sikkel.

    Reporting to Sikkel, Erdei will oversee the company’s core human resources functions and serve on the executive leadership team.

  • 22nd Century to File New PMTA for 100mm VLN

    22nd Century to File New PMTA for 100mm VLN

    22nd Century Group, Inc. said it will submit an additional premarket tobacco product application to the U.S. Food and Drug Administration for a new 100mm version of its VLN reduced-nicotine cigarette, building on its status as “the only company with FDA authorization for a low-nicotine combustible product.” The company’s existing 84mm king-size VLN cigarettes received PMTA authorization in 2021.

    The new product, developed under its “Operation 100” initiative, is designed to offer adult smokers a familiar format while significantly lowering nicotine intake. 22nd Century said expanding into the 100mm size responds to retailer and consumer feedback and could widen access to reduced-nicotine alternatives without requiring smokers to switch to non-combustible products.

    Beyond the single submission, the company outlined plans to pursue multiple PMTAs across different combustible formats, blends, and sizes, including filtered cigars, creating a broader portfolio that can be licensed to other tobacco companies. Management said this strategy is intended to accelerate retail penetration of VLN products and to position the company as a provider of regulatory pathways for reduced-nicotine tobacco offerings.

  • Russian Businesses Propose State Monopoly Over Vape Ban

    Russian Businesses Propose State Monopoly Over Vape Ban

    Russian small business group Opora Russia and industry associations are urging federal authorities to abandon plans to ban the sale of electronic nicotine delivery systems and e-liquids, warning the move would push the market further into the shadow economy without reducing nicotine use. In an appeal to First Deputy Prime Minister Denis Manturov last week, the group argued that allowing regions to impose their own vape bans — an idea backed by President Vladimir Putin and already pursued in areas such as the Vologda, Penza, and Perm regions — would fragment the national market and drive legitimate retailers out of business. Industry representatives estimate around 20,000 outlets sell ENDS in Russia, serving 10–12 million consumers, while claiming 75–85% of current sales already occur in the gray market.

    As an alternative to prohibition, associations, including the Union of Participants in the Circulation of Nicotine-Containing Products, have proposed creating a state-controlled monopoly on the production of base e-liquid under a concession model, allowing tighter oversight of product flows and taxation. They cite past excise hikes as evidence that restrictive policy has reduced legal sales and tax receipts while expanding illicit trade. The proposal has been referred to the Finance Ministry for review as the government continues work on draft legislation that could allow regions to experiment with retail bans between 2027 and 2032.

  • BAT Pulls Pouches from France, Criticizes Debateless Ban

    BAT Pulls Pouches from France, Criticizes Debateless Ban

    BAT France said it has stopped marketing nicotine pouches nationwide as of April 1, complying with a government decree issued on Sept. 5, 2025 that entered into force this week. The company confirmed it is withdrawing the products from sale in line with the regulation.

    At the same time, BAT France criticized the move as a regulatory ban adopted without parliamentary debate, arguing it runs counter to harm-reduction strategies and France’s goal of a “tobacco-free generation” by 2032. The company said the decision comes amid ongoing European discussions over revisions to the Tobacco Excise Directive and evaluation of the Tobacco Products Directive, and pledged to continue advocating for what it called a science-based, proportionate framework while focusing on vaping products for adult smokers.

  • IMPERIAL BRANDS ADDS NEW FLAVOUR TO POPULAR BLU LINE UP

    IMPERIAL BRANDS ADDS NEW FLAVOUR TO POPULAR BLU LINE UP

    Imperial Brands has announced the addition of a brand-new flavor to its popular blu vape offering with the arrival of Sour Berry.

    Launching across retail in April, and with an RRP of £5.99, Sour Berry is the newest addition to blu bar kit and blu box kit’s extensive flavor range, bringing the total number of flavor options available to customers to 17.

    With fruit-flavors preferred by 83% of vape users, customer demand is seeking differentiated, less synthetic flavors in this category. In response, Imperial Brands launched Sour Berry to expand its blu vape flavor range in line with customer preferences. The newest addition will offer a more authentic flavor profile of wild berries, sharpened by tartness, to provide a superior flavor experience for users, engaging their senses with distinct, vibrant berry notes.

    The new Sour Berry flavor uses the innovative AuthentiTaste formulation, which are liquids crafted with flavorings that mirror real fruit profiles and sensorial cues – like sourness – delivering a fresh, captivating experience.

    The new Sour Berry flavour will be available in two formats:

    • blu bar kit: Offering 1,000 puffs of intense, authentic flavor per prefilled, replaceable pod. The kit features a sleek device and is compatible with all other flavors in the extensive blu pod range, allowing users to enjoy a variety of flavor experiences.
    • blu pod pack: Each pack includes two replacement blu pods, delivering an impressive total of 2,000 puffs per pod pack.

    Shirley Soccio, Head of Consumer Marketing UK & Ireland at Imperial Brands, commented: “Vape users across the UK continue to demand new and exciting flavors. As a business, we remain committed to ensuring our range reflects evolving customer taste preferences. For retailers, this means that they can in turn offer the best products and experiences to their customers.

    “A recurring point of feedback among customers is that they see some flavors on the market as artificial or one-dimensional. To address this, Sour Berry has been formulated specifically to offer an unexpected yet genuine flavor experience, which we anticipate will create strong demand from vape users.”

    For further information, visit https://www.blu.com/en-GB.

  • Charlie’s Holdings Reports 169% Revenue Increase

    Charlie’s Holdings Reports 169% Revenue Increase

    Charlie’s Holdings, Inc. reported a sharp turnaround in 2025, with revenue rising 169% year over year to $20.9 million and net income of $4.5 million, compared with a $4.2 million loss in 2024. The company’s auditor, Urish Popeck & Co., LLC, issued a clean opinion that removed prior “going concern” language, strengthening Charlie’s position for a planned uplisting to a national exchange in 2026. Balance sheet metrics improved materially, with cash increasing to $1.3 million, total assets to $11.6 million, and shareholders’ equity returning to a positive $3.4 million from a deficit position a year earlier.

    Performance was supported by $7.5 million in PMTA-related asset sales to a strategic buyer, growth in SBX nicotine-analogue disposables, and the opening of a U.S. manufacturing facility in Q4. Looking ahead, Charlie’s plans to expand chain convenience distribution, pilot an AI/blockchain age-gating system with IKE Tech, introduce high-capacity disposable devices under SBX and Pachamama, pursue additional PMTA partnerships, grow international sales, and advance its exchange uplisting, while positioning its regulatory compliance and youth-access controls as differentiators in a market the company says is pressured by illicit imports.

  • Black Buffalo Named Official Dip of Major League Fishing

    Black Buffalo Named Official Dip of Major League Fishing

    Black Buffalo Inc. announced that it has been named the “Official Dip of Major League Fishing” under a yearlong marketing partnership spanning the Bass Pro Tour, Fishing Clash Team Series, Tackle Warehouse Pro Circuit, Toyota Series, and Phoenix Bass Fishing League. The agreement integrates the brand across MLF’s social, broadcast, livestream, newsletter, and on-site event channels, including logo placement on 2026 Team Series boat wraps and a major presence at REDCREST 2026 and the Outdoor Sports Expo at Table Rock Lake near Springfield.

    Executives from both organizations said the partnership aligns with the outdoor lifestyle of MLF’s fanbase and Black Buffalo’s adult consumer audience aged 21+, with brand visibility planned across the league’s 360-degree media platform throughout the 2026 season.

  • JTI Adding €300M Factory in Romania

    JTI Adding €300M Factory in Romania

    Japan Tobacco International announced a €300 million investment to build a new, state-of-the-art factory in Ștefăneștii de Jos, marking its next step after more than 30 years of operations in Romania. In a LinkedIn post, JTI said the facility will add nearly 70,000 square meters of production space and feature advanced equipment, 100% renewable energy operations, expanded waste management, and a dedicated water treatment system, underscoring the company’s long-term commitment to sustainable manufacturing in the country.

  • Al Fakher to Debut Nicotine Pouches

    Al Fakher to Debut Nicotine Pouches

    Al Fakher, best known for its hookah products, announced the launch of Al Fakher Nicotine Pouches today (March 31) at the Total Products Expo in Las Vegas, marking the brand’s entry into the tobacco-free oral nicotine category. The product line debuts with four flavors—Frosty Apple, Spearmint, Mango, and Wintergreen—each offered in 4 mg and 8 mg strengths, and will roll out broadly in April 2026 following the show.

  • BAT Malaysia to Trim Workforce

    BAT Malaysia to Trim Workforce

    British American Tobacco Malaysia Bhd said it may reduce its workforce as part of an operational “optimization” linked to the rollout of a new route-to-market distribution model from July 1. In a filing today (March 31), the company said affected employees would receive statutory and contractual entitlements, including retrenchment benefits where applicable. BAT Malaysia reported 283 employees in its 2024 annual report, but the filing did not specify how many roles could be impacted. The company said the move is intended to align staffing with future operating requirements and follows a shift begun in 2022 toward allowing retailers to place orders through online channels, sales representatives, or call centers, a model it previously said could reduce costs by 20% to 25%.

    The announcement comes amid tighter regulation of tobacco products in Malaysia, including a reported plan for a nationwide vape ban starting with disposable products, a 42.8% excise duty increase on tobacco and heated tobacco products under Budget 2026, new pictorial health warnings, and a ban on retail cigarette displays. The Control of Smoking Products for Public Health Act, which took effect in 2024, prohibits the sale of tobacco and vape products to individuals under 18. Shares of BAT Malaysia last traded at RM5.65 ($1.41) at today’s noon break, valuing the company at RM1.61 billion ($403 million).