Category Archives: Juul

After huge cannabis investment, Altria buys $13B stake in vape firm Juul

Two weeks after announcing a major move into the marijuana market with an investment of $1.8 billion in Canadian medical and recreational MJ provider Cronos Group, Marlboro maker Altria revealed it is spending nearly $13 billion to buy a huge stake in the vape company Juul. E-cigarettes and other vaping devices have been sold in […]

Marijuana vape firm Pax Labs raises $20M but seeks to avoid VC dependence

San Francisco-based Pax Labs has closed a $20 million funding round, Bloomberg reported. CEO Bharat Vasan told the news outlet that the company wanted to keep the investment small to “avoid becoming overly dependent on venture capital.” Launched by the founders of e-cigarette maker Juul, Pax Labs vaporizers allow users to control the device with […]