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 […]
Mike Gorenstein
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 Inc. in a $122 million deal to genetically engineer the active compounds in marijuana. Ginkgo, […]
Cannabis Giants Join Forces in Cross-Border Venture
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 […]
