5/15/19 – ArmaVir Makes Additional $15 Million Investment in NJOY Holdings, Inc.

ArmaVir Partners is pleased to announce its additional $15 million investment in NJOY Holdings, Inc., bringing ArmaVir’s total invested capital in NJOY to $37 million.

NJOY is a pioneer in vaping and a leader in a revolution against combustible cigarettes. The brand was founded in 2006 and has continued to serve as an innovator and thought leader in the vaping category, which is experiencing significant growth. To manifest its simple mission to "make smoking history”, NJOY sells a range of electronic nicotine products for smokers looking for an alternative. Lee Chaikin serves as a board observer of NJOY. For more information visit https://njoy.com/.