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You are here: Home / Archives for Cronos Group Inc.

Cronos Group Inc.

Which cannabis companies are going to survive coronavirus? Here’s how to tell

April 20, 2020 by AggregatedNews Leave a Comment

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 as they failed to find promised profit and seemed at risk of bankruptcy. The global […]

Filed Under: Banking, Finance & Real Estate Tagged With: Cannabis Industry, Canopy Growth Corp., Coronavirus, Cronos Group Inc.

Altria Becomes Largest Shareholder in Cronos Group, a Leading Global Cannabinoid Company

March 9, 2019 by Press Release Leave a Comment

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 $2.4 billion)1 investment in Cronos Group Inc. (Cronos Group) (TSX: CRON and NASDAQ: CRON), a […]

Filed Under: Banking, Finance & Real Estate, Press Releases Tagged With: Altria Group, Cronos Group Inc., Howard Willard, Inc., Mike Gorenstein

Marlboro maker places $2.4 billion bet on marijuana

December 7, 2018 by AggregatedNews Leave a Comment

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 recreational marijuana provider said Friday. Altria will pay another $1.4 billion for warrants that if […]

Filed Under: News & Insights Tagged With: Altria Group Inc., Cronos Group Inc.

Marlboro maker said to be in talks to buy Canadian marijuana producer

December 3, 2018 by AggregatedNews Leave a Comment

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 legalized recreational use of marijuana and is seen as a testing ground for pot companies […]

Filed Under: On the Move Tagged With: Altria Group Inc., canada marijuana, Cronos Group Inc., marijuana stock, marlboro marijuana, Nasdaq

Cronos Partners With Ginkgo to Develop Lab-Grown Cannabis

September 5, 2018 by AggregatedNews Leave a Comment

$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 Inc. in a $122 million deal to genetically engineer the active compounds in marijuana. Ginkgo, […]

Filed Under: Science and Technology Tagged With: Cronos Group Inc., Ginkgo Bioworks Inc, Mike Gorenstein

Cannabis Giants Join Forces in Cross-Border Venture

March 19, 2018 by Press Release Leave a Comment

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 Canadian consumers by year’s end. MM Enterprises USA, LLC (“MedMen Enterprises”), a leading U.S. cannabis […]

Filed Under: Banking, Finance & Real Estate, Press Releases Tagged With: Adam Bierman, Cronos Group Inc., Health Canada, MedMen Enterprises, Mike Gorenstein, MM Enterprises USA, Original BC Ltd., Peace Naturals Project Inc.

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