Altria to invest $1.8 billion in cannabis company Cronos Group

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Altria Group said Friday it agreed to buy a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion.

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 /  🏆 12. in NG
 

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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.

Isn’t there p/e like 25?

Bad idea legalizing dope. Drug dealers are now legal.

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.

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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.
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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.
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