LOUISVILLE, Ky.--(BUSINESS WIRE)--
Turning Point Brands (NYSE:TPB), a leading producer of Other Tobacco
Products (OTP), supports the U.S. Food and Drug Administration’s efforts
to reduce youth access and appeal to tobacco products.
Since July 2017, FDA has embraced a “continuum of risk” approach to
tobacco products, with the stated public health goal of encouraging
consumers to switch from high-risk combustible cigarettes to lower risk
products. This objective is consistent with TPB’s business model of
offering adult consumers lower risk alternatives to combustible
cigarettes. While Commissioner Gottlieb has acknowledged that vapor
products, and specifically flavored vapor products, play an important
role in the switching process, he has also expressed concern that
flavored cartridge-based vapor systems may be appealing to minors.
In response to this concern, today the FDA proposed regulations to
restrict sales of flavored vapor products to channels it believes are
well equipped to manage restrictions on youth access. As a leading
provider to age-restricted vapor stores and tobacco outlets, this shift
will likely increase TPB’s role in the vapor market. TPB takes this
increased responsibility seriously and looks forward to working with the
FDA as it continues to pursue its public health goal of moving smokers
away from combustible cigarettes towards products that lie at the lower
end of the continuum risk.
As a leader in the vapor industry, TPB consistently employs robust
third-party age verification systems for all of its online properties
and requires its bricks-and-mortar locations utilize thorough
age-verification procedures. Additionally, TPB assisted in developing
the Vapor Technology Association’s Marketing Standards and has
consistently played a key role in encouraging other companies in the
industry to be proactive in preventing youth access and appeal to vapor
products.
About Turning Point Brands, Inc.
Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE:TPB) is a
leading U.S. provider of Other Tobacco Products. TPB, through its three
focus brands, Stoker’s® in Smokeless products, Zig-Zag® in Smoking
products and the VaporBeast® distribution engine in NewGen products,
generates solid cash flow which it uses to finance acquisitions,
increase brand support and strengthen its capital structure. TPB does
not sell cigarettes. More information about the company is available at
its corporate website, www.turningpointbrands.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181115005950/en/
ir@tpbi.com
Robert Lavan, CFO
(502)
774-9238
Source: Turning Point Brands