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Guy Ellison, the head of UK equities at Investec Wealth & Investment, said that while the timing of the move was a surprise, the strategic rationale made perfect sense, pivoting BAT further towards the high-value US market, consolidating some strong brands and Reynolds position in next-generation tobacco.

Regardless of the choice, these locations deliver a solid product without the headache of big-box retail

It even seems to have been the first regularly cultivated plant in the Americas

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