Jun. 22 at 1:03 PM
$CHUC I missed this article in the WSJ from June 2 that British American Tobacco lowered its 2026 cigarette volume forecast (now down ~2.5%, worse than prior guidance) while raising guidance for vapes and nicotine pouches to mid-teens revenue growth.
No guarantee this means CHUC gets bought out. But it's encouraging that the space we're in, flavored vapes and alternatives, is exactly where Big Tobacco is being forced to grow as combustibles decline. The macro trend is good for us.
$PM $MO $BTI https://www.wsj.com/business/earnings/british-american-tobacco-cuts-cigarette-outlook-but-expects-lift-in-new-category-revenue-31c86c80?mod=Searchresults&pos=5&page=1
