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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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Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industryMarijuana companies and legacy businesses are playing a proverbial game of speed dating right now, according to a top cannabis executive who managed to land an attractive partner. Seed money?
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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
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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.
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Altria to invest C$2.4 billion in Canadian cannabis company Cronos
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