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But XXII also has low leverage, decent liquidity, and a clearly defined growth thesis around its VLN platform, the 100mm product push, and a licensing model leveraging its unique FDA status

Warning of an "epidemic" among young people, India banned the sale, production, import and advertising of e-cigarettes, dealing a blow to plans of companies such as Philip Morris International and Juul Labs to sell the products in India

While brands such as Phillip Morris' Marlboro are sold in China, it's through licensing agreements with China Tobacco

Among the leading suspects, he says, are lack of sleep and intense stress

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