Avail Vapor’s stores go up in smoke amid haze of FDA red tape - Richmond BizSense
"Avail Vapor, which peaked about a year ago with nearly 100 stores in a dozen states, recently completed its exit from the retail storefront market altogether by selling or shuttering all of its locations."
"Xu didn’t say how many, if any, employees Avail has. The company had 350 employees in April 2020."
"...Avail spent more than $10 million in its bid to get regulatory approval since 2016, when the FDA set forth new compliance standards for vaping products. But the FDA rejected Avail’s applications in September and the company sued the government agency in federal appeals court. The case is expected to be heard early next year."
"'It’s completely just a mess with FDA policy making and policy strategy. It just did not make any sense from day one,' Xu said. 'Everything is really in this gray area. It was totally different from what our mission was...'"
"Avail Vapor, which peaked about a year ago with nearly 100 stores in a dozen states, recently completed its exit from the retail storefront market altogether by selling or shuttering all of its locations."
"Xu didn’t say how many, if any, employees Avail has. The company had 350 employees in April 2020."
"...Avail spent more than $10 million in its bid to get regulatory approval since 2016, when the FDA set forth new compliance standards for vaping products. But the FDA rejected Avail’s applications in September and the company sued the government agency in federal appeals court. The case is expected to be heard early next year."
"'It’s completely just a mess with FDA policy making and policy strategy. It just did not make any sense from day one,' Xu said. 'Everything is really in this gray area. It was totally different from what our mission was...'"
