JuulVapeDeviceImageJuulVaporDotCom

Vaping startup Juul is raising $150 million

Juul Labs, a San Francisco-based maker of vaping devices, has secured $112 million of what could become a $150 million convertible note offering, per an SEC filing.

Why it matters: Because Juul’s discrete devices are becoming ubiquitous among high school and college students — despite the official age minimum — and could become even bigger if marijuana legalization expands.

Juul spun out from parent company Pax Labs earlier this year and hired Kevin Burns to be its CEO. He’s is a former top partner at private equity giant TPG Capital who left to help turn around yogurt-maker Chobani as COO.

Read More at Axios.com 



Blunt: Curating the Cannabis Content you Need the Most

SIGN UP FOR FREE POST ALERTS!

We keep your data private and do not share your information with anyone.