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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 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 C$2.4 billion in Canadian cannabis company Cronos
Source: MarketWatch - 🏆 3. / 97 Read more »
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 »
Wall Street's top pot analyst loves Cronos deal for Altria: 'Unique entry into cannabis'Wall Street's top marijuana analyst likes Marlboro maker Altria's $1.8 billion investment in Canadian pot company Cronos Group, telling clients the move represents a 'unique entry into cannabis.' I’m speculating, the Health & Life insurance underwriters are playing their “exclusion” cards very close to the chest. Simply consider the “user” liability exposure to automobile claims.
Source: CNBC - 🏆 12. / 72 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 »