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  • Study Links ADHD and Nicotine Use

    Study Links ADHD and Nicotine Use

    A recent JAMA Network Open study established a “robust association between ADHD symptoms and newer forms of nicotine and tobacco use. This finding emphasizes the importance of early ADHD diagnosis and effective management strategies to reduce the risk of future nicotine and tobacco use among U.S. youths.”

    Previous studies established a link between ADHD and tobacco use, however, it remains unclear how the widespread availability of electronic nicotine delivery systems like e-cigarettes may have exacerbated this issue. In 2018, e-cigarette use surpassed cigarette smoking and has continued to increase to become the second most prevalent substance use behavior.

    ADHD, which is characterized by functional impairment, hyperactivity, and/or inattention, is one of the most common psychiatric disorders among children and adolescents in the United States. In fact, current estimates indicate that one in nine children and adolescents in the U.S. received an ADHD diagnosis in their lifetime.

  • Pyxus CFO Resigns

    Pyxus CFO Resigns

    Flavia Landsberg, Pyxus International’s executive vice president and chief financial officer, has resigned effective Feb. 28, 2025. Landsberg, who joined Pyxus in 2021, has elected to pursue an external career opportunity.

    Following Landsberg’s notice of resignation, the company’s board of directors appointed Dustin Styons, Pyxus’ executive vice president, business strategy and sales, as interim CFO and will commence a formal search for Landsberg’s successor.

    “We thank Flavia for her contributions during her tenure, which are evidenced by the significant improvements in all measures of our operating performance and reduction of long-term debt,” said Pyxus President and CEO Pieter Sikkel. “We wish Flavia all the best in her new role as we work to build on the financial strategy she helped put in place.”

  • JTI Ranks No. 2 Among Philippines Top Employers

    JTI Ranks No. 2 Among Philippines Top Employers

    The Top Employers Institute, the global authority in recognizing outstanding people practices, ranked JTI Philippines second on its “Top Employers in the Philippines” list. It is the fourth straight year JTI was ranked on the list, with this being its highest-ever ranking.

    “To be awarded No. 2 Top Employer in the Philippines stands as a testament to how JTI puts its people at the heart of everything we do,” said Ari Wisnubroto, people and culture director at JTI Philippines. “Aside from continuing to improve our work environment and caring for their wellbeing, we pride ourselves on our focus on diversity, equity, and inclusion.

     “In March, we will be celebrating our 25th year in the Philippines and we do this as the fastest-growing tobacco company in the country. We owe these two milestones to our hardworking employees who live out the culture and values of JTI. The Top Employer recognition is a celebration of our people and a pledge to continue cultivating a work environment that champions employees’ wellbeing, growth, and inclusion for many more years to come.”

    Included among JTI’s progressive programs are 20 fully-paid weeks of family leave for parents welcoming a child regardless of their gender or way they become parents; the Drive Ahead initiative offers free driving lessons to women without driving experience who want to pursue a field-based career in JTI; and the Bright Start program sponsors individuals from disadvantaged communities with the opportunity to earn a college degree while earning a salary and developing careers at JTI.

    JTI is also one of only 17 companies to be recognized this year as Global Top Employer. It is their 11th consecutive year to be certified by the Top Employers Institute for commendable people policies and practices worldwide.

  • JTI Sees Shift to Cheaper Cigarettes Continuing

    JTI Sees Shift to Cheaper Cigarettes Continuing

    To combat decreasing volumes, many cigarette companies are forced to increase prices to keep the needed revenue margins. That, combined with continuously rising federal and state taxes, has made buying a pack of cigarettes in the United States quite expensive. As a result, many smokers are leaving traditional premium name brands and trading down to the value and super-vale segment of the market.

    Japan Tobacco International’s finance chief Vassilis Vovos said he expects pricier brands to continue losing ground even as affordability improves, and that the shift toward cheaper cigarette brands in the U.S. will top 42% of the market by 2027.

    JTI completed the acquisition of U.S. tobacco company Vector Group last year, which pushed its share of the super-value segment to 40% by the fourth quarter of 2024.

    “This is a hard trend and we see it continuing over time,” Vovos said, adding steep price increases will continue to push consumers to trade down, a trend visible in many markets where big price gaps emerge.

    Industry giants such as Altria and BAT hope the trend away from premium brands is temporary and will recede as economic pressures ease. BAT, which does not produce a product for either of the value markets, saw its U.S. volume fall 10.1% last year.

  • Zimbabwe Tobacco Market Introduces Biometric System

    Zimbabwe Tobacco Market Introduces Biometric System

    When Zimbabwe’s tobacco auction floors open March 5, the Tobacco Industry and Marketing Board (TIMB) announced it will implement measures to ensure only legitimate farmers participate in the market and to prevent side marketing. Chelesani Tsarwe, public affairs officer for the TIMB, said a biometric grower management system will be used to track the country’s largest agricultural export.

    “The new system introduces biometric data capture, linking each farmer’s unique grower number to their fingerprints, as well as the GPS coordinates of their households and farms,” Tsarwe said.

    She added that the information system will be conducted at designated key selling points, and that the country is prioritizing the value-addition of the tobacco leaf locally to boost revenue and create jobs.

    Grown mainly on small-scale farms, Zimbabwe harvested more than 240 million kilograms of tobacco last year, generating more than $1.4 billion in revenue.

  • France Bans Disposable E-Cigarettes

    France Bans Disposable E-Cigarettes

    With a final vote in the Senate’s upper house, the French parliament today banned single-use electronic cigarettes, accusing them of being gateways to tobacco addiction for teenagers and harmful to the environment. France is the second EU country to enact such a ban, joining Belgium which did it in December.

    “It is a great victory in a two-pronged battle that we were fighting: an environmental battle against the polluting lithium batteries in these ‘puffs’, and a health battle for our schoolchildren,” lawmaker Francesca Pasquini, the author of the bill, said.

    “A fine piece of cross-party work!” lawmaker Michel Lauzzana said on X. “We are now awaiting the promulgation of this law and its application throughout the country.”

    The legislation was earlier approved by the National Assembly lower house.

  • JT Reports 9.7% Profit Increase

    JT Reports 9.7% Profit Increase

    Japan Tobacco today reported a 9.7% increase in annual adjusted operating profit from its tobacco business, thanks to selling more higher-priced packs of tobacco and its acquisition of U.S. tobacco company Vector Group.

    Even as volumes declined by up to 2% as smoking rates fell in some markets, JT looked to grow revenue from alternative products to offset the losses. Notably, JT’s adjusted operating profit jumped 56.1% in the last quarter at constant currency, demonstrating adept market adaptation. The company, which makes Benson & Hedges and Winston cigarettes, said it expects tobacco-related revenues and operating profit to rise by a further 6.9% and 8.1% respectively in 2025.

    The tobacco division core revenues grew 14.5% at constant currency and volumes were up 3% in the quarter. Annually, they rose 9.1% and 2.4%, respectively.

  • VOOPOO Announces Latest in VINCI Series

    VOOPOO Announces Latest in VINCI Series

    VOOPOO today unveiled its VINCI Spark220, improving on its previous VINCI Spark100, saying, “The vaping industry has grown stagnant, weighed down by uninspired designs and predictable performance. Inspired by humanity’s eternal fascination with the stars, VOOPOO set out to redefine what vaping can be.”

    The VOOPOO VINCI Spark220 houses a dual-battery setup, capable of providing 220W of power, yet at 108g is 30% lighter than conventional mods. The compact aluminum alloy casing is equipped with an intuitive multi-functional wheel button and a 1.47-inch display.

    “Powered by VOOPOO’s revolutionary PnP X atomization technology, the top dual airflow designed tank, coupled with optimized internal structure, is meticulously engineered for leak-proof performance and optimal airflow,” the company said. “It boasts three distinct modes catering to diverse DTL vaping needs. Equipped with a 0.15Ω coil, it delivers explosive flavor and dense vapor and offers up to 100mL of pure and steady pleasure without waiting.”

  • PMI to Present at CAGNY

    PMI to Present at CAGNY

    Philip Morris International announced its participation in the 2025 Consumer Analyst Group of New York (CAGNY) conference, where CEO Jacek Olczak and CFO Emmanuel Babeau will present on February 19, 2025, at 1 p.m. EST. The presentation will be accessible via live audio webcast at www.pmi.com/2025CAGNY or through the company’s investor relations app at www.pmi.com/irapp.

    The company executives are expected to talk about PMI’s transformation toward a smoke-free future, having invested more than $14 billion since 2008 in developing and commercializing smoke-free products. Following its acquisition of Swedish Match, 39% of PMI’s annual net revenue now comes from the smoke-free segment with brands like IQOS and ZYN.

    For more than 50 years, CAGNY has been connecting investors, management teams, and the media dedicated to the consumer industry. It asserts to be “the largest not-for-profit of its kind” and hosts various events throughout the year, highlighted by the CAGNY conference in Boca Raton, Florida.

    The webcast replay will be available at the same link until March 21, 2025.

  • BAT Shares Tumble 9%

    BAT Shares Tumble 9%

    Today, British American Tobacco shares dropped 9% in London on news it would take a $7.74 billion hit from a Canadian lawsuit as well as fears that changes in Bangladesh and Australia would hurt its performance in 2025. The $6 billion loss off its market capitalization was the company’s worst day on the market since 2020. BAT’s stock remains up 7% since the start of the year.

    Under the proposed Canadian settlement, an upfront payment will be followed by annual payments, initially worth 85% of net income after taxes, excluding income related to alternative products like vapes, and reducing over time. BAT and other tobacco companies were set to pay $22.8 billion to settle a long-running case in Canada, but some parties, including Philip Morris International’s Canadian affiliate, have since objected to the proposal.

    Meanwhile, BAT said new tobacco regulations in Australia and increased excise and VAT in Bangladesh would hurt its tobacco business.

    Chief Executive Officer Tadeu Marroco said these represented “significant regulatory and fiscal headwinds” that would dent its performance this year, but their impact would recede into 2026 when BAT’s investments would also pay off to spur growth. For 2025, the company expects just 1% revenue growth.

    Marroco also said he was hopeful U.S. President Donald Trump’s new administration could tackle sales of illegal disposable vapes, which have impacted its cigarette and vape sales in the country. “We remain committed to returning to our mid-term guidance of 3% to 5% revenue and 4% to 6% adjusted profit from operations growth on a constant currency in 2026,” he said.