Lan Cave New Consumption Report, on December 7, according to foreign news reports, Jumul issued a statement saying that as of today, Jum Labs has reached a settlement with the plaintiffs of the plaintiffs of the Federal Regional Litigation (MDL) and related JUUL LABS Product Cases (JCCP). These The case has been merged in the District Court of North California.

These reconciliation represents an important step on strengthening the operation of Juul Labs and ensuring the company's way forward to fulfill its mission, so that adult smokers stay away from flammable cigarettes, and at the same time crack down on minors.

The global resolution covers more than 10,000 plaintiffs for more than 5,000 cases raised by Juul Labs and its managers and directors.

These cases in MDL and JCCP are restrained by decision -making, from the following groups: personal injury, collective litigation of consumer, government entity, and American Aboriginal tribes.

As part of the settlement and court procedures, JUUL LABS cannot currently disclose the amount of reconciliation, but has obtained equity investment to provide funds for solutions.

In the past year, Juul Labs has also reached a settlement with 37 states and regions, and is still continuously discussed with other major interest -related relevant persons to resolve the remaining lawsuits.

As the company announced in November, Juul Labs has taken a series of measures to stabilize its business operations and solve past legal issues.

With the new investment of the company and the resolutions reached today, Jum Labs is developing smokers who continue to promote the harm of tobacco hazards through science and technology to promote the harm of tobacco hazards for more than 31 million adult smokers and more than 1 billion adults in the United States.