PAC Reddit Mentions | ChartExchange

Full disclosure. Long CHUC have not been paid to publish this.
In my best Bud Fox (movie Wall Street) research, I’m going to put the pieces together to explain why I think ($CHUC) should, or could get bought out…and the valuation could be **MUCH HIGHER**.
Before we start, there are 3 things you need to know for it to be obvious.
1. CHUC insiders have been **major buyers of shares** and participated in the company’s last financing.
2. **RJ Reynolds** already started buying and licensing CHUC’s technology (PMTAs) **BEFORE FDA approval**.
3. Ed Carmines, who sits on CHUC’s Board, is the Chief Science Officer of Chemular, an FDA consultancy company, and part-owner in IKE Tech, an on-device age-gating vape technology that **got fast-tracked for FDA review**.
In January, CHUC signed a licensing agreement with IKE Tech LLC ("IKE") to commercialize the first-ever AI-powered blockchain-based age-gating system for age-gated disposables **that can satisfy or accommodate concerns the FDA has** related to under-age youth access.
On February 10, the FDA selected Ed Carmines (CHUC Board Member) to serve as a panelist for the *Roundtable on Premarket Tobacco Product Application ("PMTA") Submissions for Electronic Nicotine Delivery Systems ("vapes").*
One of the main topics…what does the FDA need to see to get approval for flavored vapes?
ONE WEEK LATER, on February 17, CHUC does a private placement with officers and insiders “*to amend certain PMTAs to include age-gating technology.”* ***Ed Carmines participates in this financing.***
In May, President Trump demanded the FDA move faster on flavored vape product authorizations.
On May 5, 2026, for the **first time in history**, the FDA authorized two of Glas Inc.'s "fruit-flavored" pods (NOT VAPES) through the premarket tobacco product application ("*PMTA*") pathway.

It is doubtful these products will reach the market because JUUL filed a lawsuit against Glas in December for patent infringement.
On June 8, the FDA released its reasoning for why it approved the FIRST flavored pods…why the new tobacco product would be Appropriate for the Protection of the Public’s Health (APPH).
FDA determined that the benefits of these products outweigh the risks when considering the population as a whole.
The key factors in this decision were:
1. Substantial benefit for adult smokers.
2. The technology is expected to be effective in **preventing underage access**.
Basically, the FDA acknowledged that vapes are safer than smoking and wants smokers to switch. Since vapers prefer flavors, **they'll likely approve flavored vapes if companies add strong age gating**.

Charlie's owns a portfolio of 678 PMTA products, and Charlie's has the unique ability to marry its PMTA-submitted products with cutting-edge age-gating technology.
Few other companies have either legacy brands with timely-filed FDA applications or access to technologies that can satisfy FDA concerns about youth access; **Charlie's has both**.
You’re probably saying, *“I see a ton of flavored vapes in my local 7-11, what’s the big deal?”*
Correct. It’s estimated that **almost 90% of vape sales** are from China and are illegal.
Why isn’t the FDA or government cracking down on these illegal vapes? 2 reasons.
If the government starts banning flavored vapes, there’s a chance that vapers SWITCH BACK to smoking…FDA cannot risk seeing that stat start rising.
Also, they’re not getting pressure from US Big Tobacco players because they don’t have a flavored vape product on the market.
**Here’s where it gets interesting.**
On April 30, just days before the FDA switched its stance on flavored nicotine products, a subsidiary of Reynolds American donated $5 million to the MAGA Inc. super PAC.
Guess who bought 16 CHUC PMTAs **before they got FDA approval**?
You guessed it …R. J. Reynolds Vapor Company.
But CHUC has 678 PMTAs left… with an imputed value (without FDA approval) **of over $600M**.

Here’s why the buyout price could be **MUCH MUCH HIGHER**.
CHUC is expected to launch America's **first age-gated flavored disposables** in Q3.
Most people don't know this, but **Big Tobacco doesn’t have a flavored vape on the market**…. the switch from cigarettes to vapes is happening, and they are being left out..
With the launch of these first 6-10 vapes (estimated), the company would have **an immediate monopoly** on **legal** flavored vapes in the US.
Do you see Big Tobacco letting a $75M company do that?... when they spend BILLIONS on new products?...and have BILLIONS in cash on their balance sheet.
In 2023, the tobacco company **Altria,** purchased **NJOY** for **$2.75 billion in cash**. The agreement also included up to **$500 million in extra payments** if specific products were approved by the FDA.

Not only that, but OTHER things that make CHUC attractive to Big Tobacco:
* SBX is their fast-growing flavored **nicotine-like vape line that doesn't require FDA review**…quickly gaining traction in many states.
* Their **US manufacturing facility**.. that allows them to qualify in states that only sell Made in USA vapes
* The **only tobacco-flavored vape to be sold in California**…and just landed the 2nd largest C Store
* Upcoming 75K puff vape launch
* 678 PMTAs…isn’t that enough?
Two things to watch.
The Fifth Circuit Court is expected to issue its decision in July/Aug on whether the FDA “overstepped its boundaries” in its flavored vape decisions.
**THAT decision alone could make CHUC an immediate takeover candidate** for those 678 PMTAs.
The age-gated launch in August. A Big Tobacco player may not wait for the launch or FDA approval (as Reynolds did) and instead buy the company before the first age-gated-flavor vape hits the shelves.
As always, do your OWN due diligence…this is NOT financial advice.
The repeated insider buying, the first-ever flavor FDA approval, along with the Trump Admin pressuring FDA to approve more flavors and the upcoming age-gated launch make this one to watch.