R.J. Reynolds Acquires 12 Synthetic Nicotine Vape PMTAs from Charlie’s Holdings

R.J. Reynolds Vapor Company, a subsidiary of British American Tobacco (BAT), has acquired twelve pending Premarket Tobacco Product Applications (PMTAs) for synthetic nicotine disposable vaping devices from Charlie’s Holdings, Inc. The deal, finalized on April 16, 2025, was disclosed in an SEC Form 8-K filing the following day.

The transaction involves R.J. Reynolds paying Charlie’s Holdings a fixed $5 million in cash. An additional contingent earn-out payment of up to $4.2 million is possible, based on sales performance during the first year after commercialization. The assets include twelve PACHA-branded disposable vape products, all utilizing synthetic nicotine, for which PMTAs were submitted in 2022. The filing did not specify if these products have received Marketing Granted Orders (MGOs) from the FDA.

News of the sale prompted a significant positive reaction for Charlie’s Holdings’ stock (CHUC), which surged over 33% on April 17. Investors seemingly viewed the deal as validation of the company’s compliant assets. For R.J. Reynolds, the acquisition bolsters its portfolio of potentially FDA-authorized vapor products in the tightly regulated U.S. market. For Charlie’s, the sale likely improves financial liquidity or signals a strategic business adjustment.

Industry analysts note that as U.S. regulatory oversight intensifies, PMTA assets represent valuable compliant resources, driving ongoing interest in mergers and acquisitions within the tobacco and vaping sectors.

• News source: R. J. Reynolds Vapor Company acquired PACHA synthetic products and related assets from Charlie’s Holdings, Inc..

• Author
• Recent Posts

Follow

Matthew Ma

Marketing at Ecigator

With over a decade of experience in the e-cigarette industry, Matthew Ma is a seasoned expert in both the manufacturing and usage aspects of vaping products. His extensive background has provided him with a deep understanding of the intricacies and evolving dynamics of e-cigarettes.

Follow

Latest posts by Matthew Ma (see all)

• R.J. Reynolds Acquires 12 Synthetic Nicotine Vape PMTAs from Charlie’s Holdings - April 21, 2025
• South Korea E-Liquid Imports Surge Amid Synthetic Nicotine Loophole - April 21, 2025
• 24 UK Shopkeepers Plead for Talks Over ‘Suffocating’ Tobacco and Vapes Bill - April 21, 2025

Related posts:

UK Smoking Ban Could Shut 7,700 Shops, Eliminating 70,000 Jobs The Latest Vaping Trends in 2023 Vaping Laws in UK – Is Vaping Now Illegal in the UK? UWELL Caliburn BAR S12000 Disposable Vape Review Can You Sell Vapes on eBay? Policies & Alternatives UK Disposable Vape Ban May Have Limited Impact as Vapers Shift Preferences, Study Finds