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In a research note, Morgan Stanley analysts credited Juul with "driving a revival in the US e-cig market," adding that sales of Juul devices "accounted for almost the entire incremental increase in US e-cig sales as a percent of total cigarette and e-cigarette sales in the last year." July 10, 2018: Juul raises $1.2 billion in a round that values the company at more than $16 billion, according to PitchBook

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