Replies to post #45121 on 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....

[brooklyn13]

I don't know the outcome or if it's even been voted on yet:

https://www.congress.gov/bill/115th-congress/house-bill/2730

American hemp will still have to compete with China's in the marketplace, there's no getting around that it will have to be better or cheaper - agricultural interests might have to be heavily subsidized to compete.

Maybe we can pay these farmers to not grow tobacco, as we do with other crops to artificially maintain higher revenues.

Not sure if land remains arable after decades of growing tobacco, that it can be used for other crops, I think I've heard along the way that it's not.