{"id":626512,"date":"2018-07-04T04:18:32","date_gmt":"2018-07-04T04:18:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/stuff-you-should-know-juul-cannabis-and-the-world-cup\/"},"modified":"2018-07-04T04:18:32","modified_gmt":"2018-07-04T04:18:32","slug":"stuff-you-should-know-juul-cannabis-and-the-world-cup","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/stuff-you-should-know-juul-cannabis-and-the-world-cup\/","title":{"rendered":"Stuff you should know: Juul, cannabis and the World Cup"},"content":{"rendered":"

Stuff you should know <\/strong>heading into the last two business days of the week:<\/p>\n

<\/a> Attention, olds: Your kids are juuling. It\u2019s time you figured out what that means. <\/strong>Juul is a really tiny e-cigarette that\u2019s become popular with the teen set because of its very small size, big nicotine punch, ability to recharge via USB, and cool factor. Juul bills itself on its website<\/a>as a product to \u201chelp satisfy smokers when transitioning from cigarettes,\u201d but it\u2019s become a thing in its own right. It\u2019s ridiculously powerful: One single Juul pod (good for about 200 puffs) has the nicotine equivalent of a full pack of smokes<\/strong>, and they come in flavours including \u2018fruit medley\u2019 and \u2018creme brulee.\u2019 Its maker, Juul Labs, is a USD 16 bn company that\u2019s basically come out of nowhere, having raised another USD 1.2 bn late last week, Bloomberg reports<\/a>. The company had a 2017 top line of USD 245 mn and expects to rake in USD 940 mn this year with a 70% gross margin a forecasted EBITDA margin for 2018 of about 27%, according to Axios<\/a>. Big Tobacco should be worried, Morgan Stanley suggests<\/a>, saying Juul has driven a \u201crevival in the US e-cig market.\u201d The Verge<\/a> has a really deep dive.<\/p>\n

We\u2019re going out on a limb here and saying this ain\u2019t coming to Egypt anytime soon: <\/strong>Second Cup, the publicly traded Canadian coffee chain that opened earlier this year in Cairo, got a share price bump from its spring announcement that it will convert some of its caf\u00e9s into cannabis dispensaries \u2014 but its shares have been on a wild ride since it. Enter Canada\u2019s Globe & Mail<\/a>, with a look at Second Cup and the perils of investing in mary jane as the country prepares for the end of prohibition this fall.<\/p>\n

Wait, there\u2019s still a World Cup without Egypt? <\/strong>Indeed there is, and England was the last team to have snagged a quarter-final berth after beating Colombia 4-3<\/a> in a penalty shootout last night. This weekend will see four quarter-final matches before semi finals on Tuesday and Wednesday. The third-place playoff is slated for a week from Saturday, and the final is on Sunday, 15 July at 5:00pm CLT. This weekend\u2019s fixtures (all times CLT):<\/p>\n