NJOY
company on 2 shows · 2 statements across 1 episodes · said 15 times in 2 episodes since 2024
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2 statements about NJOY, every show
FDA import restrictions on overseas manufacturing bankrupted early e-cigarette maker NJOY
“The FDA is able to put an import restriction on the company, so they're making the product, I believe, in China, probably overseas somewhere, because it's electronics, it's equipment. They bring it in at the ports, and the FDA says, hey, while we sort out this…”
Investor bought NJOY out of bankruptcy, secured FDA approval, sold to Altria
“Later, a hedge fund guy actually buys the company out of bankruptcy, turns it around, gets it FDA approved, and sells it to Altria for like a couple hundred million dollars, or maybe actually a couple billion dollars, I think.”