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1948 Magazine publication page, features William Bendix as Babe Ruth on Chesterfield cigarette ad page, and measures 13" by 11", has crease across page and some color fade

Below is the upside case: US doesnt ban menthol Share gains drive NGP revenues at 20% CAGR, to 13b GBP in 2030 55% incremental margins in NGP, creating 36% terminal operating margin (still a little lower than the company average) Flat 51% margins in combustibles with no menthol ban Stock trades at near market-ish multiple of 15x on substantial NGP transition The above are very much possible

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Repeat until the tobacco is just slightly damp

Microglia activation and gene expression alteration of neurotrophins in the hippocampus following early-life exposure to E-cigarette aerosols in a murine model

Please note, we cannot ship this to other countries, only available to US customers