British American Tobacco

BTI

Market cap $134B

Louisville, Colorado--(Newsfile Corp. - May 28, 2026) - Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) ("Charlotte's Web" or the "Company") is pleased to announce that, further to its press release dated March 30, 2026, Charlotte's Web has closed the transaction with BT DE Investments Inc. ("BAT"), a subsidiary of British American Tobacco p.l.c. (LSE: BATS) (NYSE: BTI), comprised of two components: (i) the amendment and conversion of BAT's outstanding C$75.3 million (or approximately US$55 million) as of May 28, 2026 principal amount of the convertible debenture, as well as all accrued interest thereon, into common shares of Charlotte's Web at a conversion price of C$0.94 per share; and (ii) a concurrent additional equity investment by BAT of US$10 million by way of a private placement at a per share price (the "Subscription Price") of C$0.94 (collectively, the "Transaction").

Diageo PLC (LSE:DGE and British American Tobacco PLC (LSE:BATS) are among Citi's preferred consumer stocks heading into the summer, with the bank also expecting brewers and pub operators to benefit from improving trading conditions and this year's FIFA World Cup, which starts in just over two weeks. In spirits, Citi said Diageo could continue to recover after recently reaffirming its guidance for the 2026 financial year and accelerating strategic changes under chief executive Dave Lewis.

The U.S. FDA's new, looser regulation of new vapes and nicotine pouches will potentially unleash hundreds more such products on the market in the coming weeks and months, ​according to three current and former Trump administration officials.

British American Tobacco offers attractive risk-adjusted returns amid regulatory upheaval, with strong revenue predictability and resilient cash flow generation. BTI's reported GAAP revenue since 2018 averages £26 billion, with low volatility, underscoring the tobacco market's ongoing stability despite health awareness and new regulations. Free cash flow margins remain robust, averaging 29% (2018–2024), except for a litigation-impacted 2025, supporting solid valuation and dividend sustainability.

Earlier this month, I headed from Virginia to Florida on the Amtrak auto train. I highly recommend this option instead of driving down I-95.

Holding a high-yield dividend portfolio in a taxable account at the 24% federal bracket means writing the IRS a $14,400 check every year on $60,000 of income that should have been yours.

At the 24% federal bracket, a portfolio throwing off $42,000 in dividend income hands roughly $10,080 to the IRS every year.

Dividend-growth blue chips like Coca-Cola double income in nine years despite lower starting yields, while high-yield BDCs and REITs with frozen payouts risk delivering less income over a decade than lower-yield growers.

In consumer goods, the highest yields often signal distress, so the strongest choices are companies whose cash flow clearly supports their payouts. Philip Morris and British American Tobacco pair high yields with credible growth in alternative products, for the strongest blend of income and business momentum.

British American Tobacco p.l.c. is downgraded from Buy to Hold due to deteriorating fundamentals and limited further upside. BTI faces persistent revenue and volume declines across all major regions, with combustibles and traditional oral segments under pressure. Modern oral products, particularly the Velo brand, are the only growth area, but not enough to offset overall contraction.