About: http://data.cimple.eu/news-article/8e8c73b7983115885bbb6567520260b0b4eae7975df655f5bfb2a27a

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About: http://data.cimple.eu/news-article/8e8c73b7983115885bbb6567520260b0b4eae7975df655f5bfb2a27a Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	British American Tobacco on Thursday said it had bought around one fifth of Canadian licensed cannabis producer Organigram, as the traditional cigarette sector comes under increasing pressure over health concerns. BAT said in a statement that it has acquired 19.9 percent of Organigram for about £126 million (147 million euros, US$175 million). "Through the collaboration, BAT will gain access to... product innovation and cannabis expertise, complementing BAT's extensive plant-based expertise and development capabilities," it added. Cannabis was legalised in Canada for recreational use in 2018. Companies like BAT are looking to revenue streams elsewhere, such as e-cigarettes, to counter falling demand for traditional tobacco products in Western markets that face also high taxes and public smoking bans. BAT scientific research director David O'Reilly on Thursday said the company's "multi-category, consumer-centric approach, which is key to our transformation, aims to provide choice and meet the evolving needs of adult consumers". He added: "This choice provides reduced risk alternatives to combustible cigarettes, as well as going beyond tobacco and nicotine into new and exciting areas of product innovation." The tobacco sector was hit by a large outbreak of e-cigarette linked lung disease in 2019, which prompted the US government to make legal changes to curb youth vaping. rfj/bcp/rl
schema:headline	Cigarette maker BAT takes share in cannabis firm
schema:mentions	Electronic cigarette Respiratory disease Nicotine Tobacco smoking Cigarette Cannabis Canada David J. O'Reilly British American Tobacco Tobacco products
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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