Thursday, December 20, 2018
Juul Labs gets $12.8 billion investment from Marlboro maker Altria Group – TechCrunch
After a long year fighting underage use of its products, Juul Labs has today struck a deal with Altria Group, the owners of Philip Morris USA and makers of Marlboro cigarettes. The deal values Juul at $38 billion, according to Bloomberg, and injects the company with a fresh $12.8 billion in exchange for a 35 percent stake in Juul Labs. Here’s what Juul Labs CEO Kevin Burns had to say in a 
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