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The two parties will market and commercialise heated tobacco sticks (HTS) products in the US with JTs Ploom-branded devices and Marlboro-branded consumables

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corporation with a principal place of business in California

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Executive Summary British American Tobacco (NYSE: BTI ) is one of the worlds leading tobacco companies, with a market capitalisation of approximately 56 billion and annual revenues of 25.9 billion in FY24, supported by strong pricing power and substantial market share in its core combustibles segment