E-cigarette maker Juul Labs Inc. is canceling plans to expand outside the U.S. as the company continues a dispute with the U.S. FDA, according to a report.
plans to lay off staff after the beleaguered company cancels a planned expansion outside the U.S., according to a report.on Thursday that the vaping company is working to explore longer-tern options after buying some time through refinancing its secured debt.Juul has been embroiled in a dispute with the U.S. Food and Drug Administration, which tried to ban the leading e-cigarette maker’s products earlier this summer over questions about its potential health risks.
Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. Due to the dispute, Juul is preparing for a possible bankruptcy filing and is exploring restructuring options, the paper reported.
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