22nd Century Group Inc (XXII)

[Frenchy2016]

More e-cigarette gloom as BAT cuts forecast

Oct. 16, 2018 5:27 AM ET|By: Yoel Minkoff, SA News Editor
British American Tobacco (NYSEMKT:BTI) said revenue from smoking alternatives will miss expectations this year, citing a flat market in Japan and a product recall in the U.S.
It now expects products such as vaping pens and tobacco heating devices to bring in £900M, down from a previous target of £1B.
Heat-not-burn technology is "not going to sweep the world as some of our competitors say it will," said Ben Stevens, BAT's financial director.
Previously: FDA investigates into illegal marketing of e-cigarette products (Oct. 15 2018)
Previously: FDA ramps up pressure on e-cig firms, mulling ban on online sales (Sep. 25 2018)

Yea BTI has fallen more than 30% since the January Height of $71
Their dividend is what makes them survived....but not for long.....

You see BTI today???? Ouch....