Altria to claim $483 mln capital loss on cannabis company ownership stake

Altria Group Inc. said Monday it will continue to evaluate prospects of cannabis company Cronos Group Inc. on whether it will acquire additional common shares of Cronos or dispose of them in the open market, in privately negotiated transactions with Cronos or third parties. Altria expects to claim a capital loss of $483 million on its U.S federal consolidated income tax return for 2022, related to its stake in Cronos Group. Altria continues to own 156.57 million common shares of Cronos.

on whether it will acquire additional common shares of Cronos or dispose of them in the open market, in privately negotiated transactions with Cronos or third parties. Altria expects to claim a capital loss of $483 million on its U.S federal consolidated income tax return for 2022, related to its stake in Cronos Group. Altria continues to own 156.57 million common shares of Cronos. The tobacco giant said it notified Cronos Group Inc.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Digital Currency Group tokens red across board, sparking market speculationDigital Coin Group's portfolio takes a hit and the market begins to speculate, about a month after troubled crypto lender Genesis Global Capital suspended its Gemini Earn program. Replace 'DGC' with 'DCG' you misspelled DCG
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »