Altria bets big on cannabis with $1.8 billion investment in Canada's Cronos

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Marlboro cigarette maker Altria Group Inc made a big bet on the rapidly growing ...

 

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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.

Bad idea. Big tobacco will introduce additives that will cause addiction. That’s their proven history.

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Altria in talks to buy cannabis company Cronos GroupMarlboro cigarette maker Altria is in early talks to acquire Canadian cannabis producer Cronos, as it seeks to diversify its business beyond traditional smokers, a person familiar with the matter told CNBC. 😳🙄 Uwu uwu...cokiegig88 it doesn't take much to get these guys going...
Source: CNBC - 🏆 12. / 72 Read more »

Marlboro maker Altria is talking with pot producer Cronos about investmentMarlboro cigarette maker Altria Group Inc. is discussing an investment in marijuana producer Cronos Group Inc., as legacy companies continue to look for ways into the marijuana industry.
Source: MarketWatch - 🏆 3. / 97 Read more »

The cannabis producer Cronos spikes after confirming it has held talks with the Marlboro maker AltriaThe cannabis producer Cronos Group confirmed Tuesday that it held talks with the cigarette maker Altria about Altria taking a stake in the company.
Source: BusinessInsider - 🏆 729. / 51 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 »