The maker of Prime Time Flavored Cigars was unable to refinance its debt and has filed for Chapter 11 bankruptcy as it battles with the U.S. Department of Agriculture over how its products are taxed.

Prime Time International Co. filed for Chapter 11 bankruptcy Saturday with the U.S. Bankruptcy Court in Phoenix, saying "the imposition of tobacco-related assessments, which are disputed and subject to litigation, has hampered the Company's ability to refinance its secured debt and expand its operations."

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