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Altria shutters its e-cigarette brands as it eyes Juul, awaits iQOS decisionAltria on Friday said it would discontinue its MarkTen and Green Smoke e-cigarettes. The company is weighing a significant minority stake in competitor, Juul, and is awaiting a decision on Philip Morris International's heated tobacco product, iOQS.
Source: CNBC - 🏆 12. / 72 Read more »
Cannabis stock Cronos soars 24% as Altria takes major stakeShares of Canada’s Cronos Corp. rocketed more than 24% Friday, after Altria Group Inc. agreed to take a major stake in the company and become its exclusive partner in the cannabis sector as new markets for medical and recreational weed open around the world.
Source: MarketWatch - 🏆 3. / 97 Read more »
Altria to marry pot with big tobacco in $1.8 billion Cronos dealMarlboro cigarette maker Altria Group Inc announced a $1.8 billion investment in... surprise surprise.... marriageequality You knew this was coming. They'll take something completely harmless and taint it with additives and chemicals to addict people and fk the whole thing up. You knew they were coming.
Source: Reuters - 🏆 2. / 97 Read more »
Altria bets big on cannabis with $1.8 billion investment in Canada's CronosMarlboro cigarette maker Altria Group Inc made a big bet on the rapidly growing ... Bad idea. Big tobacco will introduce additives that will cause addiction. That’s their proven history. Cancer Kings Altria (makers of Death Sticks from Philip Morris) just bought into the Cannabis game with a huge stake in Cronos. Let it be know that we will ALWAYS support independent, all-organic small farms.
Source: Reuters - 🏆 2. / 97 Read more »
Altria to invest $1.8 billion in cannabis company Cronos GroupAltria Group said Friday it agreed to buy a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion. That was the complete value of the company, as of yesterdays close. IMO Altria will own the company outright in a few years, with no more capital outlay. Bad idea legalizing dope. Drug dealers are now legal.
Source: CNBC - 🏆 12. / 72 Read more »
Marlboro owner invests $1.8 billion in marijuanaAltria is investing nearly $2 billion for a huge minority stake in Canadian cannabis company Cronos. The Marlboro owner is taking a 45% stake, with the option of boosting it to 55% over the next few years. It was only a matter of time 😏 Won’t be purchasing any of that. are you really suprised by this Who do you think has been funding legalise pot campaigns.
Source: CNN - 🏆 4. / 95 Read more »
Altria to invest C$2.4 billion in Canadian cannabis company Cronos
Source: MarketWatch - 🏆 3. / 97 Read more »