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Daily News on Vape Industry March 1st, 2024

  1. In December, China’s vapeexports to Spain were approximately US$7.54 million, a month-on-month increase of 11%, and a year-on-year increase of 46%; the export volume was approximately 149 tons, a month-on-month decrease of 5.72%, and a year-on-year increase of 80.23%.


  1. KT&G announced that it will hold its annual general meeting of shareholders on March 28. The meeting will approve the financial statements and retained earnings distribution statement and some amendments to the company’s articles of association.


  1. The FDA announced that it has issued warning letters to five online retailers for selling unauthorized vapes. These warning letters pointed out that the disposable vapessold include ELF BAR/EB Design/EB Create, Funky Republic, Lost Mary, Hyde, Breeze and CaliBars, etc.


  1. TurningPoint Brands sales fell 6.1% to $97.1 million in the fourth quarter of 2023. The company’s CEO said that the nicotine bag product FRE is performing well in terms of expansion.


  1. German police seized 400,000 vapessmuggled from the Netherlands to Germany, and the main suspect of the gang has been ordered to be arrested.


  1. The Polish government plans to ban the sale of heated tobacco products. The bill is being discussed internally and is expected to enter the legislative process soon.


  1. The British police and Trading Standards Agency conducted raids on two convenience stores in Birmingham and seized thousands of illegalvapes.