Altria-backed cannabis producer Cronos explores sale July 7, 2023 AggregatedNews Mergers & Acquisitions 0 Comments NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after… Read More→
Which cannabis companies are going to survive coronavirus? Here’s how to tell April 20, 2020 AggregatedNews Banking, Finance & Real Estate 0 Comments The sector was already shaky before COVID-19, but companies must now have the right mix of cash, pot and sales channels to make it to the other side Before the outbreak of COVID-19, cannabis stocks had plummeted from fattened valuations… Read More→
Altria Becomes Largest Shareholder in Cronos Group, a Leading Global Cannabinoid Company March 9, 2019 Press Release Banking, Finance & Real Estate, Press Releases 0 Comments PRESS RELEASE Altria Invested USD $1.8 Billion for Approximately 45% Ownership Interest with Warrant to Increase Ownership over the Next Four Years RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE:MO) announced today the completion of its approximately USD $1.8 billion (CAD… Read More→
Marlboro maker places $2.4 billion bet on marijuana December 7, 2018 AggregatedNews News & Insights 0 Comments NEW YORK (AP) — One of the world's biggest tobacco companies is diving into the cannabis market with a $2.4 billion buy-in. Marlboro maker Altria Group Inc. is taking a 45 percent stake in Cronos Group, the Canadian medical and… Read More→
Marlboro maker said to be in talks to buy Canadian marijuana producer December 3, 2018 AggregatedNews On the Move 0 Comments Marlboro cigarette maker Altria Group Inc. is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc., as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Canada this year… Read More→
Cronos Partners With Ginkgo to Develop Lab-Grown Cannabis September 5, 2018 AggregatedNews Science and Technology 0 Comments $122 million deal will genetically engineer cannabinoids, Approach is ‘going to wipe the floor with farming economics’ Why grow marijuana when you can create its most potent molecules in a lab? Cannabis producer Cronos Group Inc. is partnering with Ginkgo Bioworks… Read More→
Cannabis Giants Join Forces in Cross-Border Venture March 19, 2018 Press Release Banking, Finance & Real Estate, Press Releases 0 Comments PRESS RELEASE  Los Angeles (March 19, 2018) - With Canada on track to legalize adult use of cannabis, two of the world's largest cannabis companies announced a first-of-its-kind, cross-border joint venture today that could bring America's most recognized cannabis brand to… Read More→