Pax Labs‘ general manager for Canada predicted the Canadian vape market would be a $600M industry by 2021.
- Vape technology has been at the core of major deals involving tobacco companies entering the sector. Imperial Tobacco’s $123M investment in Auxly was largely made on the promise of vape products.
- Altria Group, which invested $2.4B in Cronos in December, is in merger talks with similarly-enormous tobacco firm Philip Morris.
MJ Biz Daily