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Read more: The head of the FDA is planning to meet with more e-cig CEOs and blamed 'manufacturers and management' for the devices' skyrocketing popularity among young people But Jackler said his team has been monitoring the e-cigarette space for nearly a decade, and that the majority of these high nicotine vapes appeared on the market after Juul did

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E-cigarette companies also target young people through social media, the retail environment, and by connecting with young people through entertainment, music, and pop culture

Following the investment, TI's holding in the company has increased from 36.17 percent to 41.45 percent on a fully diluted basis