Altria makes a minority investment in a rapidly growing Chesterfield-based chain of e-cigarette shops
From: Richmond Times-Dispatch
Tobacco giant Altria Group Inc., looking for growth opportunities in alternatives to conventional cigarettes, has invested in a Chesterfield County-based chain that has grown to become the largest U.S. retailer of vaping devices, commonly referred to as electronic cigarettes.
Henrico County-based Altria recently made a minority investment in Avail Vapor LLC, an executive for Altria said Thursday at a meeting of industry analysts and investors hosted by the company in Richmond.
