NYSE-Traded Zig-Zag Maker Turning Point Brands Invests $8M In Cannabis Co. Old Pal

Zig-Zag papers maker Turning Point Brands (NYSE: TPB) recently completed an $8 million strategic investment in Old Pal, one of the most recognizable and top-selling brands in the lifestyle industry.

Turning Point Brands invested in the form of a convertible note, which includes additional follow-on investment rights.   

“Old Pal’s ability to build strong brand awareness, including outside of states in which it currently conducts business, represents an …

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