Juul Labs Halting Fruit-Flavored Vaping Pod Sales in Canada
JUUL Labs' Canadian subsidiary will discontinue selling fruit-flavored vaping pods in the country, the company confirmed to Reuters following an article on The Logic reporting the move. It's the latest in a series of retreats for JUUL Labs, which has stopped distributing similar flavors in the U.S., in addition to certain sweet varieties. It also removed those products from its website.
JUUL Labs, the key shareholder of which is U.S. tobacco giant Altria Group (NYSE: MO), will sell through its existing supplies of these flavors and then halt new supplies to retailers. It is also to consider bringing the discontinued flavors back to the Canadian market at some point in the future, and it will consult the country's health regulator, Health Canada, on the matter.
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Source Fool.com
