age for purchasing tobacco products Did you know? The 21 law raises the legal to buy tobacco and vaping from 18 to 21. Why? To help protect young people from a lifetime of addiction Did you know nearly 2

Well use a 9x forward P/E multiple in our valuation because the business is expected to grow at a faster rate going forward than it has in the past

When combined with behavioral therapy, NRT has proven effective for smoking cessation

(Pear, Strawberry, Menthol)

Pros Large Market Demand for tobacco products remains strong Social Experience Meet interesting people Product Variety Candy, snacks, vapes to boost revenue Cons Strict Regulations Subject to government regulations Low Margins Profit margins for a tobacco shop are low Tobacco industry trends Industry size and growth Industry size and past growth The US tobacconists industry was worth $14 billion in 2020 after expanding moderately the previous five years,(( although it took a hit during the pandemic