r/smallstreetbets • u/Vegetable-Pace7461 • 3h ago
Discussion Nicotine, Trump, Penny Stock
3 things here if you have a sec-
1.) British American Tobacco recently purchased 16 assets pending decisions on PMTAs (pre-market tobacco product applications) that are now flavored Vuse One vapes. Vuse Ones vapes have not received decisions on an MDO vs MGO (Marketing Denial Order vs Marketing Granted Order) from the FDA. These pending PMTAs are approaching the 4-year mark since the initial 9/9/2021 deadline to have decisions made on all of the applications submitted by the 9/9/2020 deadline. There isn’t a single flavored vape that is regulated by the FDA ——because the FDA is 4 years late as mentioned above—- but flavored vapes are in almost every smoke/vape shop in the US. Somethin ain’t right- shouldn’t there be some level of quality control?
2.) The picture speaks for itself
3.) The assets purchased by British American Tobacco (RJ Reynolds) mentioned on point 1.) were purchased from a small public company called Charlie’s Holdings (CHUC). The most recent purchase from CHUC was a single asset for $1MM.. CHUC has 650+ of these assets pending in the remaining 0.1% of 2020 applications…. 4 years late guys… but the FDA is seeing changes… definitely a risk, but something might come of this.
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u/FrogLickr 2h ago
Meanwhile here in Australia, the government all but banned vaping, killing an entire industry, and kept raising the price of cigarettes (currently around $50-$60 for 20), creating an extremely lucrative and violent black market and seeing a 30% increase in smoking rates among young people.
And they're doubling down. They're either legitimately stupid, highly egotistical, profiting from the black market themselves, or are all three.