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E-cigarette Market in the UK is expected to grow by USD 1.20 billion during 2021-2025

E-cigarette Market in the UK is expected to grow by USD 1.20 billion during 2021-2025
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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WeedMD Wraps Up Fiscal 2020 With $29.4M In Revenue, Reports Q1 2021 Preliminary Gross Revenue Of $12M

Medical cannabis company
WeedMD Inc. (TSXV:WMD) (OTCQX:WDDMF) (FSE:4WE) reported Monday its revenue rose by 41% year-over-year, reaching CA$29.4 million ($24.3 million) in 2020.
The Toronto-based company reported its financial results for the 2020 fiscal year revealing gross loss, before changes in fair value, of roughly CA$22 million, compared to a gross profit of CA$4.05 million in 2019.
WeedMD also reported a negative adjusted EBITDA, a non-IFRS measure, of approximately CA$43.6million in 2020, versus a CA$11.9 million loss in the prior year.
As of December 30, the company had CA$22.3 million in cash and cash equivalents.
In 2020, the company harvested a total of 33,751 kg of cannabis, up by 88% year-over-year. The significant increase in kilograms harvested can be attributed to the additional flowering rooms in Strathroy, which became operational over the period. ....

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ANALYTICS: Juul's Response to Thousands of Lawsuits

Agriculture
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December 13, 2020
E-cigarette company Juul Labs, according to Docket Alarm’s database of court filings and analytics, has been involved as a party in at least 2,753 lawsuits since the beginning of 2019 through November 2020. In the large majority of those suits, about 95 percent, Juul is named as a defendant. The main cause of action for the cases, cited in at least 2,011 lawsuits, is Product Liability. Other case types include antitrust, intellectual property, and suits brought under the Racketeer Influenced and Corrupt Organizations Act.
The Allegations
The lawsuits in general claim that Juul’s marketing practices did not give the various plaintiffs sufficient information about the product to allow them to understand the harmful health effects using the company’s products, specifically e-cigarettes, would cause. Other defendants commonly listed in the lawsuits include Pax Labs, Inc. and Ploom, Inc., other Juul entities, and A ....

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