British American Tobacco (BTI) plans to introduce a version of its Velo nicotine pouches containing synthetic nicotine in the US, Reuters reported Wednesday, citing Reynolds American President David Waterfield.
Unlike the company's traditional products, which use nicotine from tobacco, the synthetic version would use nicotine manufactured in a lab, the report said.
British American Tobacco and Reynolds American did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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