Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Tobacco company Altria has invested $1.8 billion in cannabis company Cronos -- here's what Cronos's CEO told us about where he sees things going from here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Seed money?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Happy New Year: Netflix Founder Reed Hastings Is $1 Billion Richer Since ChristmasNetflix raised its subscription prices on Tuesday, sending company shares up more than 6% by midday. The gain caps a monthlong rally for the stock. Good thing Netflix is upping prices again Wow Me too! Wicked
Source: Forbes - 🏆 394. / 53 Read more »

Happy New Year: Netflix Founder Reed Hastings Is $1 Billion Richer Since ChristmasNetflix raised its subscription prices on Tuesday, sending company shares up more than 6% by midday. The gain caps a monthlong rally for the stock. But still wants to raise subscription prices huh? He should buy a new face No shit. And I'm $2 a month poorer.
Source: Forbes - 🏆 394. / 53 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 »

Watch: Ivanka Trump, Walmart CEO McMillon and IBM CEO Rometty speak at Business Roundtable summitLockHerUp CrookedIvanka Why is she there?
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 »

Stocks making the biggest moves premarket: Big Lots, Amazon, Tesla, Cronos, Lululemon & moreStocks making the biggest moves premarket: BIG, LULU, TSLA, AMZN, CRON & more rahul dravid
Source: CNBC - 🏆 12. / 72 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 »