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As of June 30, 2025, approximately 34 million adult smokers were using our leading heated tobacco product.1 The shipment volume of our heated tobacco unitsthe consumable element of our leading smoke-free producthas risen from 7 billion in 2016 to 140 billion in 2024

youth and young adult lives would be saved from early deaths if cigarettes cost $10 a pack, according to a recent study in Public Health Reports

We have established ourselves as a truly independent brand and are also perceived as such by our customers. Demand in neighboring Germany also would be potentially phenomenal if only Switzerland were a European Union (EU) member state and, thus, had implemented a mandatory track-and-trace system for tobacco products

Big Tobacco, which would have fought against these taxes for less scrupulous reasons, has seen its power dwindle substantially in the last several decades

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