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We have a long experience of managing regulatory developments, a track record of delivering strong growth while investing for the future and an established multi-category approach. BAT, the second-biggest international tobacco company, reported higher full-year adjusted sales and profit helped by cigarette market share gains and growth in vaping devices

References American Lung Association: Key Facts About Smokeless Tobacco American Cancer Society: Health Risks of Smokeless Tobacco U.S

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A value chain describes the full range of activities that firms and workers carry out to bring a product or service from its conception to its end use and beyond