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

March 9, 2019
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Banking, Finance & Real Estate, Press Releases
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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…

Cronos Partners With Ginkgo to Develop Lab-Grown Cannabis

$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…

Cannabis Giants Join Forces in Cross-Border Venture

March 19, 2018
Press Release
Banking, Finance & Real Estate, Press Releases
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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…