Because e-cigs are not getting people off the nicotine
The bulk discounts gave us a good profit margin
The seven investors in the round included a maker of marijuana therapeutics, called Applied Biosciences, along with the the venture firm Bracket Capital, the hedge funds Darsana Capital and E Squared Capital, the investment giant Fidelity, the angel investor Sand Hill, and Tiger, according to PitchBook
Tobacco giant invested $12.8 billion in Juul, taking a 35 percent stake in the e-cigarette maker that valued it at $38 billion as they begin to embark on a new path that relies less on traditional cigarettes
Secondhand smoke is also thought to be responsible for one-fifth of all sudden infant deaths in the UK 1
Prevalence and perceptions of electronic cigarette use during pregnancy