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E-cig startup Juul plans to go global by raising $1.2 billion
"Juuling" might be a thing around the world in the future, because the e-cig-maker has big plans to go global. According to Bloomberg, Juul is raising $1.2 billion in a financing round, which would put the startup's value at a whopping $15 or $16 billion. If you need something to compare that to, Lyft recently reached a $15 billion valuation after raising $600 million. The publication says the company is hoping to use the money it raises from investors to make its USB vape pens available outside the US and Israel. Currently, if you want to buy its trendy pens and nicotine pods outside those two countries, you'd have to find resellers.
Does this story make you want to sell drugs flavored water to children?
Related: Tobacco Roundup (U.S. to Crack Down on Tobacco, Electronic Cigarettes)
(Score: 2) by Freeman on Tuesday July 03 2018, @07:38PM
E-Cigs are becoming the rage and don't have quite the same stigma as someone who smokes normal cigarettes. For one they and their house shouldn't smell like tar anymore. Well, you won't be able to get the tar smell out of a house without a huge amount of effort and some money, but it's doable anyway. E-Cigs are likely a good stepping stone for those that can't quit cold turkey. It's also got to be healthier than the blackness your lungs turn into with the use of normal cigarettes.
You can say bubble all you want, but E-Cigs could be the beginning of an upswing in smoking (vaping) in the USA.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"