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The Board stated that the capital raise is in the best interests of shareholders and that raising equity is a prudent and proactive step which will strengthen the balance sheet, enable continued execution of the groups growth and transformation agenda, provide greater confidence around the groups leverage position, and reduce reliance on debt funding as it executes its long-term growth strategy

Instead, it could be a side effect of the infections that smoking itself causes

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Anti-smoking advocates will be taking more of a wait-and-see approach on e-cigarette taxes, she said

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